Hess Midstream
HESM
51 hedge funds and large institutions have $271M invested in Hess Midstream in 2018 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 14 reducing their positions, and 11 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 14
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
0% more funds holding
Funds holding: 51 → 51 (0)
4.24% less ownership
Funds ownership: 56.36% → 52.13% (-4.2%)
11% less capital invested
Capital invested by funds: $305M → $271M (-$33.8M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $735K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$8.23M |
| 2 |
DAC
Dividend Assets Capital
Ridgeland,
South Carolina
|
+$4.33M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$4.05M |
| 4 |
EGPO
EnTrust Global Partners Offshore
New York
|
+$3.11M |
| 5 |
Barclays
London,
United Kingdom
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$56.9M |
| 2 |
ClearBridge Investments
New York
|
-$16.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$10.1M |
| 4 |
Cohen & Steers
New York
|
-$9.59M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Blackstone Inc
New York
| – | -$56.9M | -2,872,896 | Closed |
|
|
52
ClearBridge Investments
New York
| – | -$16.4M | -827,390 | Closed |
|
53
Jennison Associates
New York
| – | -$4.7M | -237,173 | Closed |
|
|
NIM
54
NXG Investment Management
Dallas,
Texas
| – | -$2.46M | -124,040 | Closed |
|
55
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$1.6M | -80,786 | Closed |
|
|
ZP
56
Zimmer Partners
New York
| – | -$1.49M | -75,026 | Closed |
|
57
Allianz Asset Management
Munich,
Germany
| – | -$1.16M | -58,535 | Closed |
|
|
ACI
58
AMP Capital Investors
Sydney,
Australia
| – | -$411K | -20,754 | Closed |
|
|
VF
59
Virtu Financial
New York
| – | -$301K | -15,190 | Closed |
|
|
RJA
60
Raymond James & Associates
St Petersburg,
Florida
| – | -$208K | -10,500 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$76K | -3,848 | Closed |
|
62
BlackRock
New York
| – | -$82 | -4 | -20% |
|
HESM Hedge Fund Activity: Q1 2018 in Review
51 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q1 2018, worth a combined $271M — down 11% from $305M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new HESM positions and 11 closed out — a net gain of 1 holder — while 23 added to existing stakes and 14 trimmed.
The largest buyer was HITE Hedge Asset Management, adding an estimated $8.23M. The largest seller was Blackstone Inc, exiting entirely with an estimated $56.9M sold.
- 51 institutional investors held Hess Midstream (HESM) as of Q1 2018, unchanged from Q4 2017.
- Funds reported $271M of Hess Midstream stock for Q1 2018, down 11% quarter-over-quarter.
- 12 funds opened new Hess Midstream positions in Q1 2018 and 11 closed out, a net change of +1 holder.
- The largest Hess Midstream buyer in Q1 2018 was HITE Hedge Asset Management, an estimated $8.23M added.
- The largest Hess Midstream seller in Q1 2018 was Blackstone Inc, an estimated $56.9M sold.
Based on aggregated 13F filings for Q1 2018.