Hess Midstream
HESM
69 hedge funds and large institutions have $239M invested in Hess Midstream in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 26 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
1% more funds holding
Funds holding: 68 → 69 (+1)
0.92% less ownership
Funds ownership: 46.34% → 45.42% (-0.92%)
3% less capital invested
Capital invested by funds: $247M → $239M (-$8.01M)
23% less call options, than puts
Call options by funds: $1.41M | Put options by funds: $1.83M
23% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$11.3M |
| 2 |
Morgan Stanley
New York
|
+$6M |
| 3 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$2.74M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$2.7M |
| 5 |
Rafferty Asset Management
New York
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
-$11.3M |
| 2 |
Cohen & Steers
New York
|
-$4.89M |
| 3 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$4.47M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$2.89M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.62M |
HESM Hedge Fund Activity: Q3 2019 in Review
69 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q3 2019, worth a combined $239M — down 3.2% from $247M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HESM positions and 9 closed out — a net gain of 2 holders — while 20 added to existing stakes and 26 trimmed.
The largest buyer was Kayne Anderson Capital Advisors, adding an estimated $11.3M. The largest seller was Harvest Fund Advisors, exiting entirely with an estimated $11.3M sold.
- 69 institutional investors held Hess Midstream (HESM) as of Q3 2019, up from 68 in Q2 2019.
- Funds reported $239M of Hess Midstream stock for Q3 2019, down 3.2% quarter-over-quarter.
- 11 funds opened new Hess Midstream positions in Q3 2019 and 9 closed out, a net change of +2 holders.
- The largest Hess Midstream buyer in Q3 2019 was Kayne Anderson Capital Advisors, an estimated $11.3M added.
- The largest Hess Midstream seller in Q3 2019 was Harvest Fund Advisors, an estimated $11.3M sold.
Based on aggregated 13F filings for Q3 2019.