Hess Midstream
HESM
66 hedge funds and large institutions have $230M invested in Hess Midstream in 2018 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 24 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
10% more funds holding
Funds holding: 60 → 66 (+6)
1.64% less ownership
Funds ownership: 51.06% → 49.41% (-1.6%)
14% less call options, than puts
Call options by funds: $1.5M | Put options by funds: $1.75M
21% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 24
28% less capital invested
Capital invested by funds: $320M → $230M (-$90.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$8.07M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$5.68M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$2.62M |
| 4 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$1.07M |
| 5 |
HM
Heronetta Management
New York
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$14.4M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$3.72M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.55M |
| 4 |
NC
NBW Capital
Boston,
Massachusetts
|
-$1.53M |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$1.37M |
HESM Hedge Fund Activity: Q4 2018 in Review
66 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q4 2018, worth a combined $230M — down 28% from $320M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HESM positions and 4 closed out — a net gain of 7 holders — while 19 added to existing stakes and 24 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $8.07M. The largest seller was Cohen & Steers, cutting an estimated $14.4M.
- 66 institutional investors held Hess Midstream (HESM) as of Q4 2018, up from 60 in Q3 2018.
- Funds reported $230M of Hess Midstream stock for Q4 2018, down 28% quarter-over-quarter.
- 11 funds opened new Hess Midstream positions in Q4 2018 and 4 closed out, a net change of +7 holders.
- The largest Hess Midstream buyer in Q4 2018 was JP Morgan Chase, an estimated $8.07M added.
- The largest Hess Midstream seller in Q4 2018 was Cohen & Steers, an estimated $14.4M sold.
Based on aggregated 13F filings for Q4 2018.