Hess Midstream
HESM
95 hedge funds and large institutions have $477M invested in Hess Midstream in 2021 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 41 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
5% more capital invested
Capital invested by funds: $454M → $477M (+$23.8M)
3% more funds holding
Funds holding: 92 → 95 (+3)
4.28% less ownership
Funds ownership: 71.86% → 67.58% (-4.3%)
29% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 41
32% less call options, than puts
Call options by funds: $1.84M | Put options by funds: $2.69M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$2.62M |
| 2 |
Blackstone Inc
New York
|
+$1.34M |
| 3 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$1.08M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$981K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$822K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$4.76M |
| 2 |
JP Morgan Chase
New York
|
-$3.56M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$3.56M |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$3.04M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$2.86M |
HESM Hedge Fund Activity: Q3 2021 in Review
95 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q3 2021, worth a combined $477M — up 5.3% from $454M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new HESM positions and 11 closed out — a net gain of 3 holders — while 29 added to existing stakes and 41 trimmed.
The largest buyer was Kayne Anderson Capital Advisors, opening a new position worth an estimated $2.62M. The largest seller was Millennium Management, cutting an estimated $4.76M.
- 95 institutional investors held Hess Midstream (HESM) as of Q3 2021, up from 92 in Q2 2021.
- Funds reported $477M of Hess Midstream stock for Q3 2021, up 5.3% quarter-over-quarter.
- 14 funds opened new Hess Midstream positions in Q3 2021 and 11 closed out, a net change of +3 holders.
- The largest Hess Midstream buyer in Q3 2021 was Kayne Anderson Capital Advisors, an estimated $2.62M added.
- The largest Hess Midstream seller in Q3 2021 was Millennium Management, an estimated $4.76M sold.
Based on aggregated 13F filings for Q3 2021.