Hess Midstream
HESM
64 hedge funds and large institutions have $117M invested in Hess Midstream in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 16 increasing their positions, 26 reducing their positions, and 24 closing their positions.
1% less call options, than puts
Call options by funds: $395K | Put options by funds: $400K
2.4% less ownership
Funds ownership: 66.43% → 64.03% (-2.4%)
11% less funds holding
Funds holding: 72 → 64 (-8)
25% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 24
38% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 26
57% less capital invested
Capital invested by funds: $271M → $117M (-$154M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$14.8M |
| 2 |
Goldman Sachs
New York
|
+$10.4M |
| 3 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$5.59M |
| 4 |
SOAMC
Spirit of America Management Corp
Syosset,
New York
|
+$4.4M |
| 5 |
Millennium Management
New York
|
+$3.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$13.1M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$13M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$8.38M |
| 4 |
Morgan Stanley
New York
|
-$7.37M |
| 5 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
-$3.25M |
HESM Hedge Fund Activity: Q1 2020 in Review
64 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q1 2020, worth a combined $117M — down 57% from $271M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of HESM and 18 opened new positions — a net loss of 6 holders — while 26 trimmed existing stakes and 16 added.
The largest buyer was NXG Investment Management, opening a new position worth an estimated $14.8M. The largest seller was Fidelity Investments, cutting an estimated $13.1M.
- 64 institutional investors held Hess Midstream (HESM) as of Q1 2020, down from 72 in Q4 2019.
- Funds reported $117M of Hess Midstream stock for Q1 2020, down 57% quarter-over-quarter.
- 18 funds opened new Hess Midstream positions in Q1 2020 and 24 closed out, a net change of -6 holders.
- The largest Hess Midstream buyer in Q1 2020 was NXG Investment Management, an estimated $14.8M added.
- The largest Hess Midstream seller in Q1 2020 was Fidelity Investments, an estimated $13.1M sold.
Based on aggregated 13F filings for Q1 2020.