HESS MIDSTREAM LP HESM
CL A SHS · Common Stock · CUSIP 428103105
- SectorEnergy
- IndustryCrude Petroleum & Natural Gas
- HeadquartersHouston, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($42.7m this quarter). Holder counts are more reliable. Shares outstanding: 44.0m as of 2023-02-10, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $29.90. Options: 7 managers hold calls ($6.7m notional), 6 hold puts ($2.2m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 152 |
| Q4 2022 | 161 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.8m | $2.5m | 0.65 |
| Q4 2022 | $6.7m | $2.2m | 0.32 |
Biggest buyers
| Clearbridge Investments, LLC | Added | +675.2k |
| WESTWOOD HOLDINGS GROUP INC | New | +340.2k |
| COOPER INVESTORS PTY LTD | New | +317.2k |
| ALPS ADVISORS INC | Added | +274.0k |
| Mirae Asset Global Investments Co., Ltd. | Added | +210.9k |
| Energy Income Partners, LLC | Added | +118.7k |
| Invesco Ltd. | Added | +94.3k |
| VANGUARD GROUP INC | Added | +59.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +56.3k |
| Stokes Capital Advisors, LLC | Added | +52.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -771.9k |
| Balyasny Asset Management L.P. | Sold out | -526.4k |
| Salient Capital Advisors, LLC | Sold out | -507.1k |
| Schonfeld Strategic Advisors LLC | Reduced | -322.5k |
| CITADEL ADVISORS LLC | Reduced | -294.8k |
| Islet Management, LP | Sold out | -132.1k |
| Bank of New York Mellon Corp | Reduced | -108.2k |
| BANK OF AMERICA CORP /DE/ | Reduced | -92.5k |
| Allianz Asset Management GmbH | Reduced | -84.6k |
| MORGAN STANLEY | Reduced | -77.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $3.0m101.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.9m96.9k shares |
| SIMPLEX TRADING, LLC | Added | $382.0k12.8k shares |
| JANE STREET GROUP, LLC | Reduced | $290.2k9.7k shares |
| PEAK6 Investments LLC | New | $104.7k3.5k shares |
| GROUP ONE TRADING LLC | New | $3.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| JANE STREET GROUP, LLC | New | $972.4k32.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $748.0k25.0k shares |
| SIMPLEX TRADING, LLC | Added | $212.0k7.1k shares |
| CITADEL ADVISORS LLC | Reduced | $173.5k5.8k shares |
| PEAK6 Investments LLC | New | $59.8k2.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Hess Investments North Dakota LLC
13D · may seek influence
+0.2 pts · filed 2026-10-08
Stated purposeItem 4 of the Statement is hereby amended and supplemented as follows: Purchase and Sale Agreement On October 6, 2026, the Issuer and HESM OpCo (collectively, the "Partnership Parties"), entered into a Purchase and Sale Agreement (the "Purchase Agreement") with Noble Energy, Inc. ("NEI"), CMH NewCo LLC ("CMH NewCo"), and HINDL (together with NEI and CMH NewCo, the "Seller Parties"). Each of the Seller Parties is an indirect, wholly owned subsidiary of Chevron. Pursuant to the Purchase Agreement, and subject to the terms and conditions set forth therein, at the closing of the transactions contemplated thereby (the "Closing"): (i) HINDL will sell to the Issuer 449,000 Class A Shares and 77,827,485 Class B units representing limited partner interests in HESM OpCo ("Class B Units," and such … Full filing |
38.0% |
| ALPS ADVISORS INC 13G · institution +0.7 pts · filed 2026-10-07 | 23.5% |
Global Infrastructure Investors II, LLC
13D · may seek influence
filed 2025-01-15
Stated purposeItem 4 of the Statement is hereby amended and supplemented as follows: January 2025 Repurchase Agreement On January 13, 2025, the Issuer, HESM Opco, Hess Investments and Blue Holding entered into a Unit Repurchase Agreement (the "January 2025 Repurchase Agreement"), pursuant to which HESM Opco agreed to purchase from Hess Investments and Blue Holding 967,541 and 1,605,136 Opco Class B Units, respectively (the "Repurchased Units"), for an aggregate purchase price of approximately $100 million, or $38.87 per unit (the "January 2025 Repurchase Transaction"). On January 15, 2025, pursuant to the terms of the January 2025 Repurchase Agreement, the January 2025 Repurchase Transaction closed. As a result, HESM Opco purchased and cancelled the Repurchased Units, and the Issuer cancelled, for no… Full filing |
23.2% |
| GOLDMAN SACHS ASSET MANAGEMENT, L.P. 13G · institution filed 2025-11-13 | 6.4% |
| Global X Management CO LLC 13G · institution new · filed 2026-05-15 | 5.5% |
| Bank of New York Mellon Corp 13G · institution new · filed 2026-10-22 | 5.1% |
| Invesco Ltd. 13G · institution new · filed 2026-02-12 | 5.1% |
Fell to 5% or below in the last year: Harvest Fund Advisors LLC (4.5%, 2026-08-07)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 2 | $108.3m | — |
| Q1 2022 | 0 | — | 2 | $1.4m | — |
| Q2 2022 | 1 | $100.0k | 2 | $145.8m | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 1.73% of their portfolio | 6.5m $193.8m | Added +274.0k |
| Energy Income Partners, LLC 2.22% of their portfolio | 3.3m $98.4m | Added +118.7k |
| CI INVESTMENTS INC. 0.43% of their portfolio | 2.8m $85.3m | Reduced -31.9k |
| Invesco Ltd. 0.02% of their portfolio | 2.2m $66.3m | Added +94.3k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.0m $59.7m | Reduced -75.5k |
| Clearbridge Investments, LLC 0.06% of their portfolio | 2.0m $59.1m | Added +675.2k |
| TORTOISE CAPITAL ADVISORS, L.L.C. 0.84% of their portfolio | 1.9m $56.4m | Reduced -63.9k |
| Mirae Asset Global Investments Co., Ltd. 0.13% of their portfolio | 1.7m $49.8m | Added +210.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.6m $48.5m | Reduced -108.2k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 1.4m $42.2m | Reduced -75.6k |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 2.69% of their portfolio | 943.0k $28.2m | Reduced -23.1k |
| UBS Group AG 0.01% of their portfolio | 660.3k $19.8m | Added +29.8k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.24% of their portfolio | 659.3k $19.7m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 636.4k $19.0m | Reduced -77.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio | 546.0k $16.3m | Added +23.1k |
| COHEN & STEERS, INC. 0.03% of their portfolio | 423.6k $12.7m | Reduced -47.0k |
| Strategic Income Management, LLC 9.52% of their portfolio | 397.7k $11.9m | First filing |
| FMR LLC 0.00% of their portfolio | 384.7k $11.5m | Unchanged |
| WESTWOOD HOLDINGS GROUP INC 0.09% of their portfolio | 340.2k $10.2m | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 319.6k $9.6m | Added +59.0k |
| COOPER INVESTORS PTY LTD 0.89% of their portfolio | 317.2k $9.5m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 307.9k $9.2m | Reduced -16.9k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 291.0k $8.7m | Reduced -84.6k |
| BlackRock Inc. 0.00% of their portfolio | 261.8k $7.8m | Added +32.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 259.4k $7.8m | Reduced -35.1k |
| Blackstone Inc. 0.03% of their portfolio | 246.4k $7.4m | Reduced -18.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 245.7k $7.3m | Reduced -771.9k |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.58% of their portfolio | 234.8k $7.0m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 227.8k $6.8m | Added +960 |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 1.54% of their portfolio | 227.5k $6.8m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 217.5k $6.5m | Reduced -7.5k |
| Kercheville Advisors, LLC 4.26% of their portfolio | 206.4k $6.2m | Reduced -10.8k |
| MILLER HOWARD INVESTMENTS INC /NY 0.21% of their portfolio | 196.1k $5.9m | Added +5.4k |
| NBW CAPITAL LLC 1.42% of their portfolio | 185.9k $5.6m | Added +556 |
| Catalyst Capital Advisors LLC 0.17% of their portfolio | 173.6k $5.2m | Added +39.0k |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 160.7k $4.8m | Added +4.1k |
| Brookfield Corp /ON/ 0.02% of their portfolio | 160.0k $4.8m | Not comparable |
| GoodHaven Capital Management, LLC 2.89% of their portfolio | 143.7k $4.3m | Unchanged |
| Heronetta Management, L.P. 2.60% of their portfolio | 137.7k $4.1m | Added +6.5k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 133.9k $4.0m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 123.7k $3.7m | Reduced -92.5k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 123.6k $3.7m | Reduced -322.5k |
| Stokes Capital Advisors, LLC 1.10% of their portfolio | 106.7k $3.2m | Added +52.8k |
| Swiss National Bank 0.00% of their portfolio | 106.2k $3.2m | Added +1.9k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 97.8k $2.9m | Added +9.5k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 93.2k $2.8m | Added +52.6k |
| ExodusPoint Capital Management, LP 0.04% of their portfolio | 84.5k $2.5m | Reduced -47.7k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 0.49% of their portfolio | 82.5k $2.5m | Added +5.4k |
| Pinnacle Holdings, LLC 1.10% of their portfolio | 82.2k $2.5m | Reduced -4.0k |
| Bramshill Investments, LLC 0.28% of their portfolio | 79.7k $2.4m | Added +31.9k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 73.7k $2.2m | Added +56.3k |
| GLENMEDE TRUST CO NA 0.01% of their portfolio | 73.0k $2.2m | Added +1.5k |
| LPL Financial LLC 0.00% of their portfolio | 62.4k $1.9m | Added +2.3k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 59.3k $1.8m | Added +42.1k |
| STATE STREET CORP 0.00% of their portfolio | 55.3k $1.7m | Reduced -6.9k |
| NAPLES GLOBAL ADVISORS, LLC 0.21% of their portfolio | 54.6k $1.6m | Added +4.3k |
| Tortoise Index Solutions, LLC 0.22% of their portfolio | 53.5k $1.2m | Added +12.1k |
| U.S. Capital Wealth Advisors, LLC 0.07% of their portfolio | 50.0k $1.5m | Unchanged |
| Fractal Investments LLC 0.35% of their portfolio | 49.4k $1.5m | Unchanged |
| Aventail Capital Group, LP 0.17% of their portfolio | 48.5k $1.5m | New |
| DIVIDEND ASSETS CAPITAL, LLC 0.25% of their portfolio | 48.2k $1.2m | Added +6.0k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 43.7k $1.3m | Added +4.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 43.0k $1.3m | Added +17.9k |
| AE Wealth Management LLC 0.01% of their portfolio | 41.9k $1.3m | Added +10.7k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.02% of their portfolio | 41.8k $1.3m | Added +3.4k |
| KAYNE ANDERSON CAPITAL ADVISORS LP 0.03% of their portfolio | 39.0k $1.2m | Reduced -38.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 38.3k $1.1m | Added +423 |
| Cetera Advisor Networks LLC 0.01% of their portfolio | 38.1k $1.1m | Added +16.0k |
| HRT FINANCIAL LP 0.02% of their portfolio | 36.2k $1.1m | Reduced -23.5k |
| EAGLE GLOBAL ADVISORS LLC 0.07% of their portfolio | 34.2k $1.0m | Added +4.3k |
| Jump Financial, LLC 0.05% of their portfolio | 33.8k $1.0m | Reduced -4.1k |
| Trexquant Investment LP 0.03% of their portfolio | 33.8k $1.0m | Reduced -15.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 32.7k $977.9k | Added +1.7k |
| Camarda Financial Advisors, LLC 0.99% of their portfolio | 32.7k $977.4k | Added +10.8k |
| Penbrook Management LLC 0.83% of their portfolio | 32.4k $970.3k | Unchanged |
| Quantbot Technologies LP 0.07% of their portfolio | 32.4k $968.5k | Added +23.0k |
| Pacer Advisors, Inc. 0.00% of their portfolio | 31.6k $944.7k | Reduced -2.2k |
| GSA CAPITAL PARTNERS LLP 0.12% of their portfolio | 31.4k $939.0k | Added +23.0k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 27.8k $831.0k | Reduced -12.6k |
| CFM WEALTH PARTNERS LLC 0.23% of their portfolio | 25.3k $756.9k | Unchanged |
| Teamwork Financial Advisors, LLC 0.15% of their portfolio | 24.2k $725.1k | Reduced -7.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 23.5k $702.5k | Reduced -51.1k |
| Jenkins Wealth 0.28% of their portfolio | 23.0k $686.8k | First filing |
| Engineers Gate Manager LP 0.04% of their portfolio | 22.7k $679.0k | Reduced -10.5k |
| GraniteShares Advisors LLC 0.52% of their portfolio | 21.1k $632.5k | Reduced -7.9k |
| AMERICAN FINANCIAL GROUP INC 0.20% of their portfolio | 20.0k $598.0k | Unchanged |
| apricus wealth, LLC 0.50% of their portfolio | 18.2k $546.0k | Unchanged |
| J.P. Morgan Private Wealth Advisors LLC 0.00% of their portfolio | 18.0k $538.6k | Unchanged |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 17.0k $509.0k | Reduced -1.0k |
| Petrus Trust Company, LTA 0.06% of their portfolio | 17.0k $508.1k | New |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 16.9k $505.6k | Added +3.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 16.9k $504.3k | New |
| Virtus Investment Advisers, LLC 0.33% of their portfolio | 16.3k $488.5k | Unchanged |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 16.3k $487.0k | Unchanged |
| VIRTUS ADVISERS, LLC 0.25% of their portfolio | 16.1k $480.8k | Reduced -39.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 15.9k $474.9k | Added +406 |
| Holocene Advisors, LP 0.00% of their portfolio | 15.7k $471.1k | Added +2.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 15.5k $465.0k | Unchanged |
| Texas Yale Capital Corp. 0.02% of their portfolio | 14.0k $418.9k | Unchanged |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 13.9k $414.7k | Added +1.6k |