Twin Securities’s Hess HES Stock Holding History

Twin Securities’s Portfolio HES Stock Details HES Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-204,131	Closed	-$28.3M	–	19
2025 Q2	$28.3M	Buy	204,131 +79,788	+64%	+$10.8M	16.05%	3
2025 Q1	$19.9M	Buy	124,343 +25,075	+25%	+$3.69M	10.26%	4
2024 Q4	$13.2M	Buy	99,268 +3,605	+4%	+$503K	7.74%	5
2024 Q3	$13M	Buy	95,663 +43,332	+83%	+$6.03M	14.67%	3
2024 Q2	$7.72M	Buy	52,331 +50,582	+2,892%	+$7.75M	6.07%	4
2024 Q1	$267K	Buy	+1,749	New	+$254K	0.27%	12

Other funds holding HES

DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return

Osaic Holdings Scottsdale, Arizona $68.3B AUM 20.5% 1-Year Est. Return

BIG

Brooklyn Investment Group Brooklyn, New York $3.2B AUM 26.32% 1-Year Est. Return

IFP Advisors Tampa, Florida $4.82B AUM 20.19% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

HNB

Huntington National Bank Columbus, Ohio $18.1B AUM 24.69% 1-Year Est. Return

SignatureFD Atlanta, Georgia $6.53B AUM 20.48% 1-Year Est. Return

Twin Securities's HES Position: Q3 2025 in Review

Twin Securities sold out of Hess (HES) in Q3 2025, closing a stake of 204,131 shares — an estimated $28.3M sold.

Twin Securities first reported a position in HES in Q1 2024 and held it in 6 quarters. The position peaked at $28.3M in Q2 2025. 7 funds tracked by Wall St. Rank hold HES as of Q3 2025.

Twin Securities reported no remaining Hess position as of Q3 2025 after selling out during the quarter.
Twin Securities sold 204,131 Hess shares in Q3 2025, an estimated $28.3M.
Twin Securities first reported a position in Hess in Q1 2024 and held it in 6 quarters.
Twin Securities's Hess position peaked at $28.3M in Q2 2025.
7 funds tracked by Wall St. Rank held Hess as of Q3 2025.

Based on Twin Securities's 13F filing for Q3 2025, filed 14 Nov 2025.