Hess Midstream
HESM
51 hedge funds and large institutions have $305M invested in Hess Midstream in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 14 reducing their positions, and 10 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 14
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
15% more call options, than puts
Call options by funds: $345K | Put options by funds: $301K
4% more funds holding
Funds holding: 49 → 51 (+2)
0.8% less ownership
Funds ownership: 57.16% → 56.36% (-0.8%)
11% less capital invested
Capital invested by funds: $343M → $305M (-$38M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
+$59.3M |
| 2 |
Morgan Stanley
New York
|
+$8.52M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.75M |
| 4 |
Renaissance Technologies
New York
|
+$1.36M |
| 5 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
-$5.1M |
| 2 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$3.18M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$3.01M |
| 4 |
Cohen & Steers
New York
|
-$2.4M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$2.32M |
HESM Hedge Fund Activity: Q4 2017 in Review
51 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q4 2017, worth a combined $305M — down 11% from $343M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new HESM positions and 10 closed out — a net gain of 3 holders — while 19 added to existing stakes and 14 trimmed.
The largest buyer was Blackstone Inc, opening a new position worth an estimated $59.3M. The largest seller was ClearBridge Investments, cutting an estimated $5.1M.
- 51 institutional investors held Hess Midstream (HESM) as of Q4 2017, up from 49 in Q3 2017.
- Funds reported $305M of Hess Midstream stock for Q4 2017, down 11% quarter-over-quarter.
- 13 funds opened new Hess Midstream positions in Q4 2017 and 10 closed out, a net change of +3 holders.
- The largest Hess Midstream buyer in Q4 2017 was Blackstone Inc, an estimated $59.3M added.
- The largest Hess Midstream seller in Q4 2017 was ClearBridge Investments, an estimated $5.1M sold.
Based on aggregated 13F filings for Q4 2017.