WIC
HES

Water Island Capital’s Hess HES Stock Holding History

Water Island Capital’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
-260,459
Closed -$36.1M – 106
2025
Q2 		$36.1M Buy
260,459
+1,552
+0.6% +$210K 5.14% 5
2025
Q1 		$41.4M Sell
258,907
-150,854
-37% -$22.2M 5.41% 3
2024
Q4 		$54.5M Sell
409,761
-11,641
-3% -$1.63M 5.89% 2
2024
Q3 		$57.2M Sell
421,402
-1,869
-0.4% -$260K 5.76% 2
2024
Q2 		$62.4M Sell
423,271
-6,788
-2% -$1.04M 6.33% 2
2024
Q1 		$65.6M Sell
430,059
-102,084
-19% -$14.8M 6.83% 2
2023
Q4 		$76.7M Buy
+532,143
New +$78M 7.57% 2

Other funds holding HES

DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return
Osaic Holdings
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
IA
IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return
VanEck Associates
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
S
SignatureFD Atlanta, Georgia $7.49B AUM 24.82% 1-Year Est. Return

Water Island Capital's HES Position: Q3 2025 in Review

Water Island Capital sold out of Hess (HES) in Q3 2025, closing a stake of 260,459 shares — an estimated $36.1M sold.

Water Island Capital first reported a position in HES in Q4 2023 and held it in 7 quarters. The position peaked at $76.7M in Q4 2023. 7 funds tracked by Wall St. Rank hold HES as of Q3 2025.

  • Water Island Capital reported no remaining Hess position as of Q3 2025 after selling out during the quarter.
  • Water Island Capital sold 260,459 Hess shares in Q3 2025, an estimated $36.1M.
  • Water Island Capital first reported a position in Hess in Q4 2023 and held it in 7 quarters.
  • Water Island Capital's Hess position peaked at $76.7M in Q4 2023.
  • 7 funds tracked by Wall St. Rank held Hess as of Q3 2025.

Based on Water Island Capital's 13F filing for Q3 2025, filed 14 Nov 2025.