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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$215M |
| 2 |
JP Morgan Chase
New York
|
+$57.8M |
| 3 |
Neuberger Berman Group
New York
|
+$36M |
| 4 |
FI
Fractal Investments
Glastonbury,
Connecticut
|
+$35.5M |
| 5 |
Goldman Sachs
New York
|
+$30.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$97.4M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$57.5M |
| 3 |
Blackstone Inc
New York
|
-$54.4M |
| 4 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$41.6M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$33.5M |
HESM Hedge Fund Activity: Q3 2025 in Review
267 of the 7,620 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.