TORTOISE CAPITAL ADVISORS, L.L.C. HESM — Hess Midstream LP

Ownership history in TORTOISE CAPITAL ADVISORS, L.L.C.  ·  25 quarters on record

AI Ownership Summary

TORTOISE CAPITAL ADVISORS, L.L.C. reported Hess Midstream LP (HESM) in 25 quarterly 13F filings from 2023 Q4 through 2025 Q4. Peak portfolio weight reached 3.75% in 2025 Q1. The latest visible filing shows HESM at 1.94% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this HESM ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was TORTOISE CAPITAL ADVISORS, L.L.C.'s position in Hess Midstream LP, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

HESM was reported at 1.94% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
3.75% in 2025 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

HESM stock page TORTOISE CAPITAL ADVISORS, L.L.C. fund profile TORTOISE CAPITAL ADVISORS, L.L.C. full holdings
How TORTOISE CAPITAL ADVISORS, L.L.C. held HESM — position size vs. price
% of Fund (quarterly)    HESM price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 9 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 REDUCED 5.8% +15.1% ❌ 4,421,856 -273,449 -5.8% 1.94% $152.6M 2026-02-14 (Est.) $36.68
2025 Q3 REDUCED 34.3% +1.4% ❌ 4,695,305 -2,455,947 -34.3% 2.09% $162.2M 2025-11-13 $32.41
2025 Q2 REDUCED — — — 7,151,252 -175,593 -2.4% 3.59% $275.4M 2025-08-14 $39.69
2025 Q1 REDUCED — — — 7,326,845 -254,261 -3.4% 3.75% $309.9M 2025-05-14 $36.49
2024 Q4 ADDED — — — 7,581,106 +83,943 +1.1% 3.59% $280.7M 2025-02-13 $36.51
2024 Q3 ADDED — — — 7,497,163 +68,901 +0.9% 3.41% $264.4M 2024-11-13 $31.01
2024 Q2 ADDED — — — 7,428,262 +822,311 +12.4% 3.58% $270.7M 2024-08-05 $30.84
2024 Q1 ADDED — — — 6,605,951 +2,215,192 +50.5% 3.33% $238.7M 2024-05-10 $30.64
2023 Q4 ADDED — — — 4,390,759 +1,179,733 +36.7% 2.14% $138.9M 2024-02-14 $28.01
16 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding HESM

As of 2026 Q1 — sorted by position size

Fractal Investments LLC 3Y 5.45% MILLER HOWARD INVESTMENTS INC /NY 3Y 7Y 1.59% Penbrook Management LLC 3Y 7Y 0.88% SPIRIT OF AMERICA MANAGEMENT CORP/NY 3Y 7Y 0.77% Abacus FCF Advisors LLC 3Y 7Y 0.7% Castellan Group 3Y 0.53% Severin Investments, LLC 0.46% apricus wealth, LLC 3Y 0.41% Gilman Hill Asset Management, LLC 3Y 7Y 0.27% CFM WEALTH PARTNERS LLC 3Y 0.25%

FAQ About TORTOISE CAPITAL ADVISORS, L.L.C. and HESM

These are the practical questions this page is built to answer before you even open the full history table.

How long has TORTOISE CAPITAL ADVISORS, L.L.C. reported owning HESM?

TORTOISE CAPITAL ADVISORS, L.L.C. reported HESM across 9 quarterly 13F filings, from 2023 Q4 through 2025 Q4.

What was the largest reported HESM position in TORTOISE CAPITAL ADVISORS, L.L.C.'s portfolio?

The largest reported portfolio weight for HESM was 3.75% in 2025 Q1.

What is the latest reported HESM position on this page?

The most recent filing on this page is 2025 Q4, when TORTOISE CAPITAL ADVISORS, L.L.C. reported 4,421,856 shares, equal to 1.94% of portfolio, with an estimated market value of $152.6M.

What does the chart on this HESM ownership page compare?

The chart compares TORTOISE CAPITAL ADVISORS, L.L.C.'s quarterly HESM portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did TORTOISE CAPITAL ADVISORS, L.L.C. time their HESM position?

Based on 13F filing dates vs. subsequent HESM price moves, TORTOISE CAPITAL ADVISORS, L.L.C. correctly timed 10 out of 22 reported position changes (45%). The annualised alpha on HESM relative to SPY over the holding period was +5.5%.

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