Hess
HES was delisted on the 17th of July, 2025.
720 hedge funds and large institutions have $33.9B invested in Hess in 2023 Q1 according to their latest regulatory filings, with 84 funds opening new positions, 270 increasing their positions, 251 reducing their positions, and 60 closing their positions.
40% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 60
1% more funds holding
Funds holding: 711 → 720 (+9)
8% more repeat investments, than reductions
Existing positions increased: 270 | Existing positions reduced: 251
1.02% less ownership
Funds ownership: 84.67% → 83.65% (-1%)
7% less capital invested
Capital invested by funds: $36.7B → $33.9B (-$2.73B)
16% less call options, than puts
Call options by funds: $380M | Put options by funds: $453M
35% less funds holding in top 10
Funds holding in top 10: 17 → 11 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$172M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$163M |
| 3 |
Bank of New York Mellon
New York
|
+$94.9M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$90.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$90.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$580M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$189M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$126M |
| 4 |
BlackRock
New York
|
-$93.1M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$70.5M |
HES Hedge Fund Activity: Q1 2023 in Review
720 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Hess (HES) for Q1 2023, worth a combined $33.9B — down 7.4% from $36.7B a quarter earlier.
Buyers outnumbered sellers: 84 funds opened new HES positions and 60 closed out — a net gain of 24 holders — while 270 added to existing stakes and 251 trimmed.
The largest buyer was DZ Bank, adding an estimated $172M. The largest seller was Fidelity Investments, cutting an estimated $580M.
- 720 institutional investors held Hess (HES) as of Q1 2023, up from 711 in Q4 2022.
- Funds reported $33.9B of Hess stock for Q1 2023, down 7.4% quarter-over-quarter.
- 84 funds opened new Hess positions in Q1 2023 and 60 closed out, a net change of +24 holders.
- The largest Hess buyer in Q1 2023 was DZ Bank, an estimated $172M added.
- The largest Hess seller in Q1 2023 was Fidelity Investments, an estimated $580M sold.
Based on aggregated 13F filings for Q1 2023.