Hess Midstream
HESM
68 hedge funds and large institutions have $247M invested in Hess Midstream in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 30 increasing their positions, 18 reducing their positions, and 7 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 18
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
3% more funds holding
Funds holding: 66 → 68 (+2)
2.4% less ownership
Funds ownership: 48.74% → 46.34% (-2.4%)
12% less capital invested
Capital invested by funds: $282M → $247M (-$35M)
65% less call options, than puts
Call options by funds: $988K | Put options by funds: $2.86M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$19.3M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$9.93M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$9.79M |
| 4 |
Morgan Stanley
New York
|
+$3.98M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$3.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
-$48.7M |
| 2 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
-$4.72M |
| 3 |
MIM
MetLife Investment Management
Whippany,
New Jersey
|
-$2.06M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
-$1.8M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.78M |
HESM Hedge Fund Activity: Q2 2019 in Review
68 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q2 2019, worth a combined $247M — down 12% from $282M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new HESM positions and 7 closed out — a net gain of 3 holders — while 30 added to existing stakes and 18 trimmed.
The largest buyer was Tortoise Capital Advisors, opening a new position worth an estimated $19.3M. The largest seller was Harvest Fund Advisors, cutting an estimated $48.7M.
- 68 institutional investors held Hess Midstream (HESM) as of Q2 2019, up from 66 in Q1 2019.
- Funds reported $247M of Hess Midstream stock for Q2 2019, down 12% quarter-over-quarter.
- 10 funds opened new Hess Midstream positions in Q2 2019 and 7 closed out, a net change of +3 holders.
- The largest Hess Midstream buyer in Q2 2019 was Tortoise Capital Advisors, an estimated $19.3M added.
- The largest Hess Midstream seller in Q2 2019 was Harvest Fund Advisors, an estimated $48.7M sold.
Based on aggregated 13F filings for Q2 2019.