Hess Midstream
HESM
71 hedge funds and large institutions have $213M invested in Hess Midstream in 2020 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 27 reducing their positions, and 10 closing their positions.
62% more call options, than puts
Call options by funds: $914K | Put options by funds: $564K
27% more capital invested
Capital invested by funds: $169M → $213M (+$44.8M)
20% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 10
3% more funds holding
Funds holding: 69 → 71 (+2)
2.3% less ownership
Funds ownership: 62.71% → 60.41% (-2.3%)
15% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$6.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.91M |
| 3 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$1.46M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.22M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$893K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$3.16M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$3.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.7M |
| 4 |
Morgan Stanley
New York
|
-$2.08M |
| 5 |
Rafferty Asset Management
New York
|
-$1.54M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Teacher Retirement System of Texas
Austin,
Texas
| – | -$210K | -13,914 | Closed |
|
|
MHI
77
Miller Howard Investments
Kingston,
New York
| – | -$166K | -10,995 | Closed |
|
|
DTL
78
Dynamic Technology Lab
Singapore
| – | -$151K | -10,021 | Closed |
|
|
TRCT
79
Tower Research Capital (TRC)
New York
| – | -$41K | -2,682 | Closed |
|
|
PFS
80
Prospera Financial Services
Dallas,
Texas
| – | -$7K | -435 | Closed |
|
81
Simplex Trading
Chicago,
Illinois
| – | +$869 | +48 | New |
|
HESM Hedge Fund Activity: Q4 2020 in Review
71 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q4 2020, worth a combined $213M — up 27% from $169M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new HESM positions and 10 closed out — a net gain of 2 holders — while 23 added to existing stakes and 27 trimmed.
The largest buyer was NXG Investment Management, adding an estimated $6.2M. The largest seller was Tortoise Capital Advisors, cutting an estimated $3.16M.
- 71 institutional investors held Hess Midstream (HESM) as of Q4 2020, up from 69 in Q3 2020.
- Funds reported $213M of Hess Midstream stock for Q4 2020, up 27% quarter-over-quarter.
- 12 funds opened new Hess Midstream positions in Q4 2020 and 10 closed out, a net change of +2 holders.
- The largest Hess Midstream buyer in Q4 2020 was NXG Investment Management, an estimated $6.2M added.
- The largest Hess Midstream seller in Q4 2020 was Tortoise Capital Advisors, an estimated $3.16M sold.
Based on aggregated 13F filings for Q4 2020.