Hess Midstream
HESM
153 hedge funds and large institutions have $1.09B invested in Hess Midstream in 2023 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 57 increasing their positions, 42 reducing their positions, and 20 closing their positions.
80% more call options, than puts
Call options by funds: $9.39M | Put options by funds: $5.21M
36% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 42
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.58% less ownership
Funds ownership: 86.3% → 85.73% (-0.58%)
4% less capital invested
Capital invested by funds: $1.13B → $1.09B (-$43.6M)
4% less funds holding
Funds holding: 160 → 153 (-7)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$11.9M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$10.5M |
| 3 |
Goldman Sachs
New York
|
+$10.4M |
| 4 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$8.15M |
| 5 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$7.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$14M |
| 2 |
Cohen & Steers
New York
|
-$12.3M |
| 3 |
Blackstone Inc
New York
|
-$7.37M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$6.47M |
| 5 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$4.52M |
HESM Hedge Fund Activity: Q1 2023 in Review
153 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q1 2023, worth a combined $1.09B — down 3.8% from $1.13B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of HESM and 15 opened new positions — a net loss of 5 holders — while 42 trimmed existing stakes and 57 added.
The largest buyer was Invesco, adding an estimated $11.9M. The largest seller was First Trust Advisors, cutting an estimated $14M.
- 153 institutional investors held Hess Midstream (HESM) as of Q1 2023, down from 160 in Q4 2022.
- Funds reported $1.09B of Hess Midstream stock for Q1 2023, down 3.8% quarter-over-quarter.
- 15 funds opened new Hess Midstream positions in Q1 2023 and 20 closed out, a net change of -5 holders.
- The largest Hess Midstream buyer in Q1 2023 was Invesco, an estimated $11.9M added.
- The largest Hess Midstream seller in Q1 2023 was First Trust Advisors, an estimated $14M sold.
Based on aggregated 13F filings for Q1 2023.