Hess Midstream
HESM
49 hedge funds and large institutions have $343M invested in Hess Midstream in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 19 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
7% more funds holding
Funds holding: 46 → 49 (+3)
4% more capital invested
Capital invested by funds: $328M → $343M (+$14.6M)
1.85% less ownership
Funds ownership: 59.01% → 57.16% (-1.9%)
21% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$8.13M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$3.35M |
| 3 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$2.11M |
| 4 |
MWNA
Marshall Wace North America
New York
|
+$1.63M |
| 5 |
SOAMC
Spirit of America Management Corp
Syosset,
New York
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$6.3M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$6.03M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$4.34M |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$3.92M |
| 5 |
Neuberger Berman Group
New York
|
-$2.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FC
51
Ferris Capital
Marlborough,
Massachusetts
| – | -$49K | -2,419 | Closed |
|
52
Creative Planning
Overland Park,
Kansas
| – | -$8K | -400 | Closed |
|
HESM Hedge Fund Activity: Q3 2017 in Review
49 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q3 2017, worth a combined $343M — up 4.5% from $328M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new HESM positions and 4 closed out — a net gain of 3 holders — while 15 added to existing stakes and 19 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $8.13M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $6.3M.
- 49 institutional investors held Hess Midstream (HESM) as of Q3 2017, up from 46 in Q2 2017.
- Funds reported $343M of Hess Midstream stock for Q3 2017, up 4.5% quarter-over-quarter.
- 7 funds opened new Hess Midstream positions in Q3 2017 and 4 closed out, a net change of +3 holders.
- The largest Hess Midstream buyer in Q3 2017 was Cohen & Steers, an estimated $8.13M added.
- The largest Hess Midstream seller in Q3 2017 was Kayne Anderson Capital Advisors, an estimated $6.3M sold.
Based on aggregated 13F filings for Q3 2017.