Hess Midstream
HESM
222 hedge funds and large institutions have $2.58B invested in Hess Midstream in 2024 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 95 increasing their positions, 61 reducing their positions, and 23 closing their positions.
111% more call options, than puts
Call options by funds: $28.4M | Put options by funds: $13.4M
56% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 61
43% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 23
32% more capital invested
Capital invested by funds: $1.96B → $2.58B (+$624M)
4% more funds holding
Funds holding: 213 → 222 (+9)
0.53% less ownership
Funds ownership: 90.45% → 89.92% (-0.53%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$74.8M |
| 2 |
AA
ALPS Advisors
Denver,
Colorado
|
+$74.3M |
| 3 |
Goldman Sachs
New York
|
+$66.7M |
| 4 |
ACG
Aventail Capital Group
New York
|
+$29.8M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$26.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$38.5M |
| 2 |
EIP
Energy Income Partners
Westport,
Connecticut
|
-$26.1M |
| 3 |
Neuberger Berman Group
New York
|
-$8.94M |
| 4 |
Millennium Management
New York
|
-$7.78M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$7.19M |
HESM Hedge Fund Activity: Q1 2024 in Review
222 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q1 2024, worth a combined $2.58B — up 32% from $1.96B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new HESM positions and 23 closed out — a net gain of 10 holders — while 95 added to existing stakes and 61 trimmed.
The largest buyer was Tortoise Capital Advisors, adding an estimated $74.8M. The largest seller was Mirae Asset Global Investments, cutting an estimated $38.5M.
- 222 institutional investors held Hess Midstream (HESM) as of Q1 2024, up from 213 in Q4 2023.
- Funds reported $2.58B of Hess Midstream stock for Q1 2024, up 32% quarter-over-quarter.
- 33 funds opened new Hess Midstream positions in Q1 2024 and 23 closed out, a net change of +10 holders.
- The largest Hess Midstream buyer in Q1 2024 was Tortoise Capital Advisors, an estimated $74.8M added.
- The largest Hess Midstream seller in Q1 2024 was Mirae Asset Global Investments, an estimated $38.5M sold.
Based on aggregated 13F filings for Q1 2024.