Hess
HES was delisted on the 17th of July, 2025.
839 hedge funds and large institutions have $37.9B invested in Hess in 2023 Q4 according to their latest regulatory filings, with 181 funds opening new positions, 263 increasing their positions, 266 reducing their positions, and 117 closing their positions.
89% more funds holding in top 10
Funds holding in top 10: 19 → 36 (+17)
55% more first-time investments, than exits
New positions opened: 181 | Existing positions closed: 117
7% more funds holding
Funds holding: 783 → 839 (+56)
2.63% more ownership
Funds ownership: 83.06% → 85.69% (+2.6%)
1% less repeat investments, than reductions
Existing positions increased: 263 | Existing positions reduced: 266
3% less capital invested
Capital invested by funds: $39.1B → $37.9B (-$1.14B)
61% less call options, than puts
Call options by funds: $610M | Put options by funds: $1.58B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
HBK Investments
Dallas,
Texas
|
+$1.23B |
| 2 |
Morgan Stanley
New York
|
+$584M |
| 3 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$570M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$564M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$516M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.71B |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$864M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$776M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$574M |
| 5 |
Bank of New York Mellon
New York
|
-$530M |
HES Hedge Fund Activity: Q4 2023 in Review
839 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Hess (HES) for Q4 2023, worth a combined $37.9B — down 2.9% from $39.1B a quarter earlier.
Buyers outnumbered sellers: 181 funds opened new HES positions and 117 closed out — a net gain of 64 holders — while 263 added to existing stakes and 266 trimmed.
The largest buyer was HBK Investments, opening a new position worth an estimated $1.23B. The largest seller was Fidelity Investments, cutting an estimated $1.71B.
- 839 institutional investors held Hess (HES) as of Q4 2023, up from 783 in Q3 2023.
- Funds reported $37.9B of Hess stock for Q4 2023, down 2.9% quarter-over-quarter.
- 181 funds opened new Hess positions in Q4 2023 and 117 closed out, a net change of +64 holders.
- The largest Hess buyer in Q4 2023 was HBK Investments, an estimated $1.23B added.
- The largest Hess seller in Q4 2023 was Fidelity Investments, an estimated $1.71B sold.
Based on aggregated 13F filings for Q4 2023.