Hess Midstream
HESM
213 hedge funds and large institutions have $1.96B invested in Hess Midstream in 2023 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 88 increasing their positions, 50 reducing their positions, and 18 closing their positions.
111% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 18
88% more call options, than puts
Call options by funds: $24.7M | Put options by funds: $13.2M
76% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 50
12% more capital invested
Capital invested by funds: $1.74B → $1.96B (+$213M)
9% more funds holding
Funds holding: 196 → 213 (+17)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
14.71% less ownership
Funds ownership: 105.16% → 90.45% (-15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$46.9M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$36.1M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$27.2M |
| 4 |
EIP
Epoch Investment Partners
New York
|
+$24.9M |
| 5 |
Jennison Associates
New York
|
+$13.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$60.4M |
| 2 |
CI Investments Inc
Toronto,
Ontario, Canada
|
-$22.3M |
| 3 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
-$22M |
| 4 |
ACG
Aventail Capital Group
New York
|
-$20M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$19.9M |
HESM Hedge Fund Activity: Q4 2023 in Review
213 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q4 2023, worth a combined $1.96B — up 12% from $1.74B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new HESM positions and 18 closed out — a net gain of 20 holders — while 88 added to existing stakes and 50 trimmed.
The largest buyer was TD Asset Management, adding an estimated $46.9M. The largest seller was Energy Income Partners, cutting an estimated $60.4M.
- 213 institutional investors held Hess Midstream (HESM) as of Q4 2023, up from 196 in Q3 2023.
- Funds reported $1.96B of Hess Midstream stock for Q4 2023, up 12% quarter-over-quarter.
- 38 funds opened new Hess Midstream positions in Q4 2023 and 18 closed out, a net change of +20 holders.
- The largest Hess Midstream buyer in Q4 2023 was TD Asset Management, an estimated $46.9M added.
- The largest Hess Midstream seller in Q4 2023 was Energy Income Partners, an estimated $60.4M sold.
Based on aggregated 13F filings for Q4 2023.