Hess Midstream
HESM
268 hedge funds and large institutions have $4.07B invested in Hess Midstream in 2025 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 89 increasing their positions, 95 reducing their positions, and 44 closing their positions.
83% more call options, than puts
Call options by funds: $17.4M | Put options by funds: $9.48M
14% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 44
2.04% more ownership
Funds ownership: 89.24% → 91.28% (+2%)
1% more capital invested
Capital invested by funds: $4.04B → $4.07B (+$32.8M)
0% more funds holding
Funds holding: 267 → 268 (+1)
6% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 95
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$89.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$50.2M |
| 3 |
AA
ALPS Advisors
Denver,
Colorado
|
+$33.9M |
| 4 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
+$33.3M |
| 5 |
Neuberger Berman Group
New York
|
+$32.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$96.6M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$32.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$25.5M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$20.5M |
| 5 |
Millennium Management
New York
|
-$19.8M |
HESM Hedge Fund Activity: Q4 2025 in Review
268 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q4 2025, worth a combined $4.07B — up 0.81% from $4.04B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new HESM positions and 44 closed out — a net gain of 6 holders — while 89 added to existing stakes and 95 trimmed.
The largest buyer was Adage Capital Partners, opening a new position worth an estimated $89.9M. The largest seller was Artemis Investment Management, exiting entirely with an estimated $96.6M sold.
- 268 institutional investors held Hess Midstream (HESM) as of Q4 2025, up from 267 in Q3 2025.
- Funds reported $4.07B of Hess Midstream stock for Q4 2025, up 0.81% quarter-over-quarter.
- 50 funds opened new Hess Midstream positions in Q4 2025 and 44 closed out, a net change of +6 holders.
- The largest Hess Midstream buyer in Q4 2025 was Adage Capital Partners, an estimated $89.9M added.
- The largest Hess Midstream seller in Q4 2025 was Artemis Investment Management, an estimated $96.6M sold.
Based on aggregated 13F filings for Q4 2025.