Hess Midstream
HESM
285 hedge funds and large institutions have $4.31B invested in Hess Midstream in 2026 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 113 increasing their positions, 81 reducing their positions, and 35 closing their positions.
187% more call options, than puts
Call options by funds: $24.8M | Put options by funds: $8.63M
40% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 81
9% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 35
0.5% less ownership
Funds ownership: 89.77% → 89.27% (-0.5%)
5% less capital invested
Capital invested by funds: $4.52B → $4.31B (-$209M)
2% less funds holding
Funds holding: 290 → 285 (-5)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$56.5M |
| 2 |
Bank of New York Mellon
New York
|
+$37.2M |
| 3 |
ZP
Zimmer Partners
New York
|
+$26.8M |
| 4 |
Neuberger Berman Group
New York
|
+$26.7M |
| 5 |
Millennium Management
New York
|
+$24.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$76.2M |
| 2 |
AA
ALPS Advisors
Denver,
Colorado
|
-$62.5M |
| 3 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$42.2M |
| 4 |
NCM
Nearwater Capital Markets
Dublin 4, Dublin,
Ireland
|
-$35M |
| 5 |
ClearBridge Investments
New York
|
-$28.9M |
HESM Hedge Fund Activity: Q2 2026 in Review
285 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Hess Midstream (HESM) for Q2 2026, worth a combined $4.31B — down 4.6% from $4.52B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new HESM positions and 35 closed out — a net gain of 3 holders — while 113 added to existing stakes and 81 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $56.5M. The largest seller was Blackstone Inc, cutting an estimated $76.2M.
- 285 institutional investors held Hess Midstream (HESM) as of Q2 2026, down from 290 in Q1 2026.
- Funds reported $4.31B of Hess Midstream stock for Q2 2026, down 4.6% quarter-over-quarter.
- 38 funds opened new Hess Midstream positions in Q2 2026 and 35 closed out, a net change of +3 holders.
- The largest Hess Midstream buyer in Q2 2026 was Two Sigma Investments, an estimated $56.5M added.
- The largest Hess Midstream seller in Q2 2026 was Blackstone Inc, an estimated $76.2M sold.
Based on aggregated 13F filings for Q2 2026.