Hess Midstream
HESM
93 hedge funds and large institutions have $380M invested in Hess Midstream in 2021 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 31 increasing their positions, 20 reducing their positions, and 10 closing their positions.
240% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 10
78% more capital invested
Capital invested by funds: $213M → $380M (+$167M)
55% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 20
33.39% more ownership
Funds ownership: 60.41% → 93.81% (+33%)
31% more funds holding
Funds holding: 71 → 93 (+22)
6% less call options, than puts
Call options by funds: $2.41M | Put options by funds: $2.56M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$27.1M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
+$13M |
| 3 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$10.3M |
| 4 |
ClearBridge Investments
New York
|
+$10.3M |
| 5 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$9.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$8.06M |
| 2 |
JP Morgan Chase
New York
|
-$2.22M |
| 3 |
Cohen & Steers
New York
|
-$1.26M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.09M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$921K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AL
101
ADE LLC
Baltimore,
Maryland
| – | -$30K | -1,523 | Closed |
|
|
ASN
102
Advisory Services Network
Atlanta,
Georgia
| – | -$8K | -400 | Closed |
|
103
Simplex Trading
Chicago,
Illinois
| – | -$1.03K | -48 | Closed |
|
HESM Hedge Fund Activity: Q1 2021 in Review
93 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q1 2021, worth a combined $380M — up 78% from $213M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new HESM positions and 10 closed out — a net gain of 24 holders — while 31 added to existing stakes and 20 trimmed.
The largest buyer was CI Investments Inc, opening a new position worth an estimated $27.1M. The largest seller was Mirae Asset Global Investments, exiting entirely with an estimated $8.06M sold.
- 93 institutional investors held Hess Midstream (HESM) as of Q1 2021, up from 71 in Q4 2020.
- Funds reported $380M of Hess Midstream stock for Q1 2021, up 78% quarter-over-quarter.
- 34 funds opened new Hess Midstream positions in Q1 2021 and 10 closed out, a net change of +24 holders.
- The largest Hess Midstream buyer in Q1 2021 was CI Investments Inc, an estimated $27.1M added.
- The largest Hess Midstream seller in Q1 2021 was Mirae Asset Global Investments, an estimated $8.06M sold.
Based on aggregated 13F filings for Q1 2021.