Hess
HES was delisted on the 17th of July, 2025.
844 hedge funds and large institutions have $34.7B invested in Hess in 2025 Q2 according to their latest regulatory filings, with 79 funds opening new positions, 321 increasing their positions, 307 reducing their positions, and 108 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 321 | Existing positions reduced: 307
0.11% less ownership
Funds ownership: 81.41% → 81.3% (-0.11%)
5% less funds holding
Funds holding: 884 → 844 (-40)
13% less capital invested
Capital invested by funds: $40.1B → $34.7B (-$5.32B)
17% less funds holding in top 10
Funds holding in top 10: 59 → 49 (-10)
27% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 108
60% less call options, than puts
Call options by funds: $353M | Put options by funds: $874M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
HBK Investments
Dallas,
Texas
|
+$222M |
| 2 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$203M |
| 3 |
Millennium Management
New York
|
+$152M |
| 4 |
SC
Soundwatch Capital
Rowayton,
Connecticut
|
+$93.2M |
| 5 |
Holocene Advisors
New York
|
+$83.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$251M |
| 2 |
BlackRock
New York
|
-$171M |
| 3 |
Bank of New York Mellon
New York
|
-$167M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$128M |
| 5 |
TP
Third Point
New York
|
-$99.8M |
HES Hedge Fund Activity: Q2 2025 in Review
844 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Hess (HES) for Q2 2025, worth a combined $34.7B — down 13% from $40.1B a quarter earlier.
Sellers outnumbered buyers: 108 funds closed out of HES and 79 opened new positions — a net loss of 29 holders — while 307 trimmed existing stakes and 321 added.
The largest buyer was HBK Investments, adding an estimated $222M. The largest seller was UBS O'Connor, cutting an estimated $251M.
- 844 institutional investors held Hess (HES) as of Q2 2025, down from 884 in Q1 2025.
- Funds reported $34.7B of Hess stock for Q2 2025, down 13% quarter-over-quarter.
- 79 funds opened new Hess positions in Q2 2025 and 108 closed out, a net change of -29 holders.
- The largest Hess buyer in Q2 2025 was HBK Investments, an estimated $222M added.
- The largest Hess seller in Q2 2025 was UBS O'Connor, an estimated $251M sold.
Based on aggregated 13F filings for Q2 2025.