Hess Midstream
HESM
170 hedge funds and large institutions have $1.51B invested in Hess Midstream in 2023 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 70 increasing their positions, 32 reducing their positions, and 16 closing their positions.
373% more call options, than puts
Call options by funds: $39.6M | Put options by funds: $8.38M
119% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 32
113% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 16
38% more capital invested
Capital invested by funds: $1.09B → $1.51B (+$415M)
25.66% more ownership
Funds ownership: 85.73% → 111.39% (+26%)
11% more funds holding
Funds holding: 153 → 170 (+17)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
ALPS Advisors
Denver,
Colorado
|
+$60.8M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$37.8M |
| 3 |
Cohen & Steers
New York
|
+$33.2M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$23.3M |
| 5 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$24.4M |
| 2 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$8.44M |
| 3 |
SIM
Strategic Income Management
Seattle,
Washington
|
-$7.51M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$5.15M |
| 5 |
Jennison Associates
New York
|
-$3.88M |
HESM Hedge Fund Activity: Q2 2023 in Review
170 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q2 2023, worth a combined $1.51B — up 38% from $1.09B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new HESM positions and 16 closed out — a net gain of 18 holders — while 70 added to existing stakes and 32 trimmed.
The largest buyer was ALPS Advisors, adding an estimated $60.8M. The largest seller was Bank of New York Mellon, cutting an estimated $24.4M.
- 170 institutional investors held Hess Midstream (HESM) as of Q2 2023, up from 153 in Q1 2023.
- Funds reported $1.51B of Hess Midstream stock for Q2 2023, up 38% quarter-over-quarter.
- 34 funds opened new Hess Midstream positions in Q2 2023 and 16 closed out, a net change of +18 holders.
- The largest Hess Midstream buyer in Q2 2023 was ALPS Advisors, an estimated $60.8M added.
- The largest Hess Midstream seller in Q2 2023 was Bank of New York Mellon, an estimated $24.4M sold.
Based on aggregated 13F filings for Q2 2023.