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 ($24.8m this quarter). Holder counts are more reliable. Shares outstanding: 91.4m as of 2024-07-31, 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 ≈ $36.44. Options: 8 managers hold calls ($8.9m notional), 7 hold puts ($8.9m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 152 |
| Q4 2022 | 161 |
| Q1 2023 | 154 |
| Q2 2023 | 171 |
| Q3 2023 | 198 |
| Q4 2023 | 213 |
| Q1 2024 | 221 |
| Q2 2024 | 241 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 79 | 61 |
| Q1 2023 | 73 | 62 |
| Q2 2023 | 101 | 49 |
| Q3 2023 | 128 | 48 |
| Q4 2023 | 120 | 70 |
| Q1 2024 | 127 | 84 |
| Q2 2024 | 143 | 70 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $10.8m | $8.7m | 0.81 |
| Q4 2023 | $24.7m | $13.2m | 0.53 |
| Q1 2024 | $28.4m | $13.4m | 0.47 |
| Q2 2024 | $8.9m | $8.9m | 1.00 |
Biggest buyers
| Blackstone Inc. | Added | +2.2m |
| ALPS ADVISORS INC | Added | +2.1m |
| Zimmer Partners, LP | New | +1.4m |
| KAYNE ANDERSON CAPITAL ADVISORS LP | Added | +1.1m |
| WESTWOOD HOLDINGS GROUP INC | Added | +1.1m |
| TORTOISE CAPITAL ADVISORS, L.L.C. | Added | +822.3k |
| DEUTSCHE BANK AG\ | Added | +567.5k |
| Epoch Investment Partners, Inc. | Added | +562.7k |
| Brookfield Corp /ON/ | Added | +377.8k |
| TD Asset Management Inc | Added | +322.5k |
Biggest sellers
| MORGAN STANLEY | Reduced | -2.3m |
| Mirae Asset Global Investments Co., Ltd. | Sold out | -2.0m |
| Clearbridge Investments, LLC | Reduced | -1.3m |
| Aventail Capital Group, LP | Sold out | -880.5k |
| JPMORGAN CHASE & CO | Reduced | -524.4k |
| Point72 Asset Management, L.P. | Reduced | -414.6k |
| Energy Income Partners, LLC | Reduced | -219.1k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -212.7k |
| CI INVESTMENTS INC. | Reduced | -212.3k |
| Ghisallo Capital Management LLC | Sold out | -200.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.7m73.3k shares |
| CITADEL ADVISORS LLC | Reduced | $2.5m69.8k shares |
| JANE STREET GROUP, LLC | Added | $1.7m46.5k shares |
| SIMPLEX TRADING, LLC | Added | $874.0k24.0k shares |
| GROUP ONE TRADING LLC | Reduced | $572.1k15.7k shares |
| WOLVERINE TRADING, LLC | Added | $382.6k10.5k shares |
| PEAK6 Investments LLC | Reduced | $189.5k5.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.4m93.7k shares |
| Parallax Volatility Advisers, L.P. | New | $3.2m87.7k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m44.9k shares |
| GROUP ONE TRADING LLC | Reduced | $411.8k11.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $233.0k6.4k shares |
| PEAK6 Investments LLC | Added | $51.0k1.4k 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 Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 2 | $298.6k | — |
| Q2 2023 | 0 | — | 2 | $166.7m | — |
| Q3 2023 | 0 | — | 1 | $328.8m | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 2 | $377.6m | — |
| Q2 2024 | 0 | — | 1 | $391.3m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-03 | Global Infrastructure GP II, L.P. +3 Director · See footnote · Class A Shares | Sold | $51.0m1.5m shares |
| 2024-05-31 | Global Infrastructure GP II, L.P. +3 Director · See footnote · Class A Shares | Sold | $340.3m10.0m shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| ALPS ADVISORS INC 4.02% of their portfolio | 16.1m $585.0m | Added +2.1m |
| TORTOISE CAPITAL ADVISORS, L.L.C. 3.58% of their portfolio | 7.4m $270.7m | Added +822.3k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 5.5m $199.5m | Added +67.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.34% of their portfolio | 4.0m $144.5m | First filing |
| Invesco Ltd. 0.03% of their portfolio | 3.9m $141.7m | Added +10.9k |
| TD Asset Management Inc 0.12% of their portfolio | 3.4m $125.0m | Added +322.5k |
| Epoch Investment Partners, Inc. 0.49% of their portfolio | 3.0m $107.6m | Added +562.7k |
| Blackstone Inc. 0.46% of their portfolio | 2.8m $103.0m | Added +2.2m |
| KAYNE ANDERSON CAPITAL ADVISORS LP 2.40% of their portfolio | 2.4m $89.1m | Added +1.1m |
| WESTWOOD HOLDINGS GROUP INC 0.33% of their portfolio | 1.9m $70.6m | Added +1.1m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.6m $59.8m | Reduced -524.4k |
| CI INVESTMENTS INC. 0.24% of their portfolio | 1.6m $59.7m | Reduced -212.3k |
| MORGAN STANLEY 0.00% of their portfolio | 1.5m $56.1m | Reduced -2.3m |
| Zimmer Partners, LP 0.98% of their portfolio | 1.4m $51.5m | New |
| UBS Group AG 0.02% of their portfolio | 1.4m $49.6m | Added +136.2k |
| Clearbridge Investments, LLC 0.04% of their portfolio | 1.3m $48.5m | Reduced -1.3m |
| CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 3.69% of their portfolio | 1.3m $46.5m | Reduced -50.0k |
| Brookfield Corp /ON/ 0.28% of their portfolio | 1.2m $44.5m | Added +377.8k |
| Energy Income Partners, LLC 0.93% of their portfolio | 1.2m $42.0m | Reduced -219.1k |
| EAGLE GLOBAL ADVISORS LLC 1.99% of their portfolio | 1.0m $37.7m | Added +37.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio | 765.3k $27.9m | Reduced -62.6k |
| BlackRock Inc. 0.00% of their portfolio | 735.7k $26.8m | Added +210.1k |
| MILLER HOWARD INVESTMENTS INC /NY 0.87% of their portfolio | 722.2k $26.3m | Added +36.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 683.3k $24.9m | Reduced -7.6k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 653.3k $23.8m | Added +33.0k |
| Artemis Investment Management LLP 0.32% of their portfolio | 650.8k $23.7m | Added +64.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 613.4k $22.4m | Added +156.8k |
| NORGES BANK 0.00% of their portfolio | 586.7k $21.4m | Added +176.5k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 570.8k $20.8m | Added +37.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 568.5k $20.7m | Added +567.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 527.7k $19.2m | Added +265.9k |
| FMR LLC 0.00% of their portfolio | 515.8k $18.8m | Added +28.4k |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC 2.50% of their portfolio | 493.4k $18.0m | Added +10.0k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 436.3k $15.9m | Reduced -10.6k |
| TUDOR INVESTMENT CORP ET AL 0.16% of their portfolio | 395.8k $14.4m | Added +190.4k |
| COOPER INVESTORS PTY LTD 2.08% of their portfolio | 375.7k $13.7m | Unchanged |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 3.16% of their portfolio | 345.8k $12.6m | Reduced -41.1k |
| BARCLAYS PLC 0.01% of their portfolio | 345.1k $12.6m | Reduced -177.8k |
| COHEN & STEERS, INC. 0.02% of their portfolio | 279.1k $10.2m | Added +159 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 271.2k $9.9m | Added +77.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 257.4k $9.4m | Reduced -212.7k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 251.8k $9.2m | Reduced -12.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 251.1k $9.1m | Added +102.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 249.6k $9.1m | Added +218.1k |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 244.6k $8.9m | Reduced -6.2k |
| CIBC Private Wealth Group LLC 0.02% of their portfolio | 236.9k $8.8m | Reduced -4 |
| Fractal Investments LLC 1.49% of their portfolio | 235.2k $8.6m | Unchanged |
| Trexquant Investment LP 0.13% of their portfolio | 234.8k $8.6m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 230.5k $8.4m | Reduced -87.6k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 219.7k $8.0m | Added +152.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 204.7k $7.5m | Reduced -183.3k |
| Kercheville Advisors, LLC 3.17% of their portfolio | 200.7k $7.3m | Added +422 |
| Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio | 194.3k $7.1m | Added +5.8k |
| STATE STREET CORP 0.00% of their portfolio | 190.4k $6.9m | Added +86.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 184.1k $6.7m | Reduced -148.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 183.8k $6.7m | Added +91.5k |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.36% of their portfolio | 183.3k $6.7m | Reduced -9.0k |
| Swiss National Bank 0.00% of their portfolio | 176.9k $6.4m | Added +22.3k |
| SG Americas Securities, LLC 0.04% of their portfolio | 175.9k $6.4m | New |
| MGO ONE SEVEN LLC 0.30% of their portfolio | 174.5k $6.4m | Added +29.4k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.14% of their portfolio | 172.2k $6.3m | Added +41.8k |
| Catalyst Capital Advisors LLC 0.14% of their portfolio | 167.9k $6.1m | Added +3.7k |
| Stokes Capital Advisors, LLC 1.47% of their portfolio | 145.3k $5.3m | Added +7.0k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 144.2k $5.3m | New |
| LPL Financial LLC 0.00% of their portfolio | 143.7k $5.2m | Added +71 |
| GoodHaven Capital Management, LLC 1.90% of their portfolio | 142.1k $5.2m | Reduced -140 |
| SIR Capital Management, L.P. 0.50% of their portfolio | 137.2k $5.0m | Added +37.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 132.4k $4.8m | Added +20.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 129.3k $4.7m | New |
| Quantbot Technologies LP 0.21% of their portfolio | 120.2k $4.4m | Added +43.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 117.7k $4.3m | Reduced -3.6k |
| Castellan Group 1.87% of their portfolio | 107.7k $3.9m | Added +11.6k |
| Jump Financial, LLC 0.08% of their portfolio | 107.1k $3.9m | Added +47.8k |
| EXCHANGE TRADED CONCEPTS, LLC 0.10% of their portfolio | 106.2k $3.9m | Added +23.4k |
| Heronetta Management, L.P. 2.43% of their portfolio | 104.5k $3.8m | Unchanged |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 101.6k $3.7m | New |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 100.9k $3.7m | Added +86.5k |
| NBW CAPITAL LLC 0.66% of their portfolio | 91.9k $3.3m | Reduced -5.8k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 88.3k $3.2m | Added +11.8k |
| Pinnacle Holdings, LLC 1.29% of their portfolio | 87.1k $3.2m | Added +255 |
| Legal & General Group Plc 0.00% of their portfolio | 82.1k $3.0m | Added +8.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 81.2k $3.0m | Added +10.7k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 80.8k $2.9m | New |
| Maryland State Retirement & Pension System 0.05% of their portfolio | 76.8k $2.8m | Added +8.5k |
| Westover Capital Advisors, LLC 0.71% of their portfolio | 75.3k $2.7m | Added +1.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 66.7k $2.4m | Reduced -1.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 64.9k $2.4m | Added +4.2k |
| Nebula Research & Development LLC 0.38% of their portfolio | 64.3k $2.3m | New |
| NAPLES GLOBAL ADVISORS, LLC 0.23% of their portfolio | 62.2k $2.3m | Added +300 |
| Empowered Funds, LLC 0.04% of their portfolio | 59.3k $2.2m | Reduced -79.0k |
| Engineers Gate Manager LP 0.05% of their portfolio | 59.1k $2.2m | Added +10.9k |
| Texas Yale Capital Corp. 0.10% of their portfolio | 58.6k $2.1m | Added +5.5k |
| Camarda Financial Advisors, LLC 0.83% of their portfolio | 58.2k $2.1m | Added +4.6k |
| MML INVESTORS SERVICES, LLC 0.01% of their portfolio | 58.1k $2.1m | Added +12.1k |
| Aquatic Capital Management LLC 0.08% of their portfolio | 57.4k $2.1m | Added +43.7k |
| ALPINE WOODS CAPITAL INVESTORS, LLC 0.32% of their portfolio | 57.1k $2.1m | Added +26.3k |
| Advisors Asset Management, Inc. 0.04% of their portfolio | 56.9k $2.1m | Added +3.2k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 56.7k $2.1m | Reduced -33.9k |
| AlphaQuest LLC 0.28% of their portfolio | 56.5k $2.1m | Reduced -2.2k |
| Beacon Pointe Advisors, LLC 0.02% of their portfolio | 53.3k $1.9m | Added +696 |