Hess Midstream
HESM
92 hedge funds and large institutions have $454M invested in Hess Midstream in 2021 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 42 increasing their positions, 24 reducing their positions, and 17 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 24
19% more capital invested
Capital invested by funds: $380M → $454M (+$73.5M)
2% more call options, than puts
Call options by funds: $1.31M | Put options by funds: $1.29M
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
1% less funds holding
Funds holding: 93 → 92 (-1)
21.95% less ownership
Funds ownership: 93.81% → 71.86% (-22%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$20.2M |
| 2 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$12M |
| 3 |
Goldman Sachs
New York
|
+$10.5M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$9.2M |
| 5 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$7.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$13.1M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$7.8M |
| 3 |
CCM
CAAS Capital Management
New York
|
-$7.62M |
| 4 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$6.83M |
| 5 |
YCM
Yaupon Capital Management
New York
|
-$4.48M |
HESM Hedge Fund Activity: Q2 2021 in Review
92 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q2 2021, worth a combined $454M — up 19% from $380M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of HESM and 16 opened new positions — a net loss of 1 holder — while 24 trimmed existing stakes and 42 added.
The largest buyer was Mirae Asset Global Investments, opening a new position worth an estimated $20.2M. The largest seller was Invesco, cutting an estimated $13.1M.
- 92 institutional investors held Hess Midstream (HESM) as of Q2 2021, down from 93 in Q1 2021.
- Funds reported $454M of Hess Midstream stock for Q2 2021, up 19% quarter-over-quarter.
- 16 funds opened new Hess Midstream positions in Q2 2021 and 17 closed out, a net change of -1 holder.
- The largest Hess Midstream buyer in Q2 2021 was Mirae Asset Global Investments, an estimated $20.2M added.
- The largest Hess Midstream seller in Q2 2021 was Invesco, an estimated $13.1M sold.
Based on aggregated 13F filings for Q2 2021.