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Hess Midstream
HESM

267 hedge funds and large institutions have $4.04B invested in Hess Midstream in 2025 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 103 increasing their positions, 90 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more call options, than puts

Call options by funds: $63.6M | Put options by funds: $54.6M

14% more repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 90

7% less first-time investments, than exits

New positions opened: 38 | Existing positions closed: 41

2% less funds holding

Funds holding: 273 → 267 (-6)

8% less capital invested

Capital invested by funds: $4.4B → $4.04B (-$355M)

8.75% less ownership

Funds ownership: 97.99% → 89.24% (-8.8%)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

Holders
267
Holders Change
-6
Holders Change %
-2.2%
% of All Funds
3.5%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.08%
New
38
Increased
103
Reduced
90
Closed
41
Calls
$63.6M
Puts
$54.6M
Net Calls
+$8.98M
Net Calls Change
-$5.88M

Top Buyers

Rank Fund Capital Flow
1
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
+$215M
2
JP Morgan Chase
JP Morgan Chase
New York
+$57.8M
3
Neuberger Berman Group
Neuberger Berman Group
New York
+$36M
4
FI
Fractal Investments
Connecticut
+$35.5M
5
Goldman Sachs
Goldman Sachs
New York
+$30.3M

Top Sellers

Rank Fund Capital Flow
1
TCA
Tortoise Capital Advisors
Kansas
-$97.4M
2
KACA
Kayne Anderson Capital Advisors
California
-$57.5M
3
Blackstone Inc
Blackstone Inc
New York
-$54.4M
4
EIP
Energy Income Partners
Connecticut
-$41.6M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$33.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
YIH
76
Y-Intercept (HK)
Hong Kong
$4.48M +$4.17M +105,200 +428%
TC
77
TwinBeech Capital
New York
$4.28M -$3.68M -92,714 -43%
ECM
78
Evergreen Capital Management
Washington
$4.24M +$137K +3,455 +3%
MSRPS
79
Maryland State Retirement & Pension System
Maryland
$4.2M +$108K +2,734 +2%
EGM
80
Engineers Gate Manager
New York
$4.18M -$465K -11,733 -9%
CCM
81
Chickasaw Capital Management
Tennessee
$4.1M – – –
Northern Trust
82
Northern Trust
Illinois
$4.02M +$711K +17,924 +18%
SFI
83
Susquehanna Fundamental Investments
Pennsylvania
$4M -$1.41M -35,461 -23%
SA
84
Sanctuary Advisors
Indiana
$3.97M +$182K +4,590 +4%
California State Teachers Retirement System (CalSTRS)
85
California State Teachers Retirement System (CalSTRS)
California
$3.89M – – –
IG
86
ING Group
Netherlands
$3.77M – – –
SG Americas Securities
87
SG Americas Securities
New York
$3.74M +$1.69M +42,682 +65%
VCM
88
Voleon Capital Management
California
$3.7M +$3.52M +88,865 +488%
HM
89
Heronetta Management
New York
$3.56M – – –
BA
90
Bridgewater Associates
Connecticut
$3.53M +$4.05M +102,047 New
Cambridge Investment Research Advisors
91
Cambridge Investment Research Advisors
Iowa
$3.43M +$187K +4,725 +5%
CIA
92
Corigliano Investment Advisers
North Carolina
$3.42M -$1.29M -32,500 -25%
PH
93
Pinnacle Holdings
Oklahoma
$3.08M +$122K +3,079 +4%
CG
94
Castellan Group
Kentucky
$2.92M +$228K +5,755 +7%
GA
95
GraniteShares Advisors
New York
$2.85M +$289K +7,276 +10%
WCA
96
Westover Capital Advisors
Delaware
$2.85M +$86.4K +2,178 +3%
JFG
97
Jefferies Financial Group
New York
$2.75M -$2.07M -52,148 -40%
VRS
98
Virginia Retirement Systems
Virginia
$2.57M +$674K +17,000 +30%
NGA
99
Naples Global Advisors
Florida
$2.48M +$176K +4,425 +7%
TYCC
100
Texas Yale Capital Corp
Florida
$2.31M -$222K -5,600 -8%
2 3
4
5 6

HESM Hedge Fund Activity: Q3 2025 in Review

267 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q3 2025, worth a combined $4.04B — down 8.1% from $4.4B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of HESM and 38 opened new positions — a net loss of 3 holders — while 90 trimmed existing stakes and 103 added.

The largest buyer was Mirae Asset Global ETFs Holdings, opening a new position worth an estimated $215M. The largest seller was Tortoise Capital Advisors, cutting an estimated $97.4M.

  • 267 institutional investors held Hess Midstream (HESM) as of Q3 2025, down from 273 in Q2 2025.
  • Funds reported $4.04B of Hess Midstream stock for Q3 2025, down 8.1% quarter-over-quarter.
  • 38 funds opened new Hess Midstream positions in Q3 2025 and 41 closed out, a net change of -3 holders.
  • The largest Hess Midstream buyer in Q3 2025 was Mirae Asset Global ETFs Holdings, an estimated $215M added.
  • The largest Hess Midstream seller in Q3 2025 was Tortoise Capital Advisors, an estimated $97.4M sold.

Based on aggregated 13F filings for Q3 2025.