Hess Midstream
HESM
60 hedge funds and large institutions have $320M invested in Hess Midstream in 2018 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 10 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
15% more capital invested
Capital invested by funds: $278M → $320M (+$41.9M)
0.22% less ownership
Funds ownership: 51.27% → 51.06% (-0.22%)
2% less funds holding
Funds holding: 61 → 60 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
48% less call options, than puts
Call options by funds: $1.59M | Put options by funds: $3.04M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAIA
Virtus Alternative Investment Advisers
Hartford,
Connecticut
|
+$4.79M |
| 2 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$4.57M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$2.27M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$1.84M |
| 5 |
DAC
Dividend Assets Capital
Ridgeland,
South Carolina
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$7.99M |
| 2 |
Cohen & Steers
New York
|
-$2.94M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$1.8M |
| 4 |
EGPO
EnTrust Global Partners Offshore
New York
|
-$1.78M |
| 5 |
Renaissance Technologies
New York
|
-$1.13M |
HESM Hedge Fund Activity: Q3 2018 in Review
60 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q3 2018, worth a combined $320M — up 15% from $278M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of HESM and 9 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 23 added.
The largest buyer was Virtus Alternative Investment Advisers, opening a new position worth an estimated $4.79M. The largest seller was Morgan Stanley, cutting an estimated $7.99M.
- 60 institutional investors held Hess Midstream (HESM) as of Q3 2018, down from 61 in Q2 2018.
- Funds reported $320M of Hess Midstream stock for Q3 2018, up 15% quarter-over-quarter.
- 9 funds opened new Hess Midstream positions in Q3 2018 and 10 closed out, a net change of -1 holder.
- The largest Hess Midstream buyer in Q3 2018 was Virtus Alternative Investment Advisers, an estimated $4.79M added.
- The largest Hess Midstream seller in Q3 2018 was Morgan Stanley, an estimated $7.99M sold.
Based on aggregated 13F filings for Q3 2018.