Hess Midstream
HESM
196 hedge funds and large institutions have $1.74B invested in Hess Midstream in 2023 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 90 increasing their positions, 34 reducing their positions, and 12 closing their positions.
225% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 12
165% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 34
23% more call options, than puts
Call options by funds: $10.8M | Put options by funds: $8.73M
16% more capital invested
Capital invested by funds: $1.51B → $1.74B (+$236M)
15% more funds holding
Funds holding: 170 → 196 (+26)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6.23% less ownership
Funds ownership: 111.39% → 105.16% (-6.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
ALPS Advisors
Denver,
Colorado
|
+$93.7M |
| 2 |
Goldman Sachs
New York
|
+$30.8M |
| 3 |
EIP
Epoch Investment Partners
New York
|
+$18.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$17.5M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$16.4M |
| 2 |
Cohen & Steers
New York
|
-$13.1M |
| 3 |
ZP
Zimmer Partners
New York
|
-$11M |
| 4 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$9.5M |
| 5 |
Millennium Management
New York
|
-$6.48M |
HESM Hedge Fund Activity: Q3 2023 in Review
196 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q3 2023, worth a combined $1.74B — up 16% from $1.51B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new HESM positions and 12 closed out — a net gain of 27 holders — while 90 added to existing stakes and 34 trimmed.
The largest buyer was ALPS Advisors, adding an estimated $93.7M. The largest seller was Brookfield Corp, cutting an estimated $16.4M.
- 196 institutional investors held Hess Midstream (HESM) as of Q3 2023, up from 170 in Q2 2023.
- Funds reported $1.74B of Hess Midstream stock for Q3 2023, up 16% quarter-over-quarter.
- 39 funds opened new Hess Midstream positions in Q3 2023 and 12 closed out, a net change of +27 holders.
- The largest Hess Midstream buyer in Q3 2023 was ALPS Advisors, an estimated $93.7M added.
- The largest Hess Midstream seller in Q3 2023 was Brookfield Corp, an estimated $16.4M sold.
Based on aggregated 13F filings for Q3 2023.