HESS MIDSTREAM LP (HESM): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

HESS MIDSTREAM LP (HESM)

258 + Investors. Track Smart Money conviction in HESM. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — HESM

Based on 252 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added HESM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (95% of max)

95% of all-time peak

252 hedge funds hold HESM right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

〰️

Stable — ownership unchanged year-over-year

fund count last 6Q

The number of hedge funds holding HESM is almost the same as a year ago (-2 funds, -1% change). No significant rush to buy or sell — institutional backing is holding steady.

🟡

Slight buying edge — 50% buying

134 buying136 selling

Last quarter: 134 funds bought or added vs 136 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

📈

More new buyers each quarter (+9 vs last Q)

new funds entering per quarter

Funds opening a new HESM position: 44 → 38 → 39 → 48. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 25% medium ■ 20% new

139 out of 252 hedge funds have held HESM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

➡️

Steady discovery — ~48 new funds/quarter

41 → 44 → 38 → 39 → 48 new funds/Q

New funds entering each quarter: 44 → 38 → 39 → 48. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Deep conviction — 62% of holders stayed 2+ years

■ 62% veterans ■ 14% 1-2yr ■ 24% new

Of 258 current holders: 159 (62%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 26% AUM from major funds

26% from top-100 AUM funds

28 of 252 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.3

out of 10

Low Exit Risk

Exit risk score 3.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	258	259	-0.39%
13F Shares	118M	119M	-0.73%
Total Value	$4.09B	$4.12B	-0.87%
New Positions	48	39	+9
Increased Positions	93	117	-24
Closed Positions	47	43	+4
Reduced Positions	105	93	+12
Total Calls	4	7	-42.86%
Total Puts	4	5	-20.0%
PUT/CALL Ratio	1.0	0.71	Neutral

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

258

259

-0.39%

13F Shares

118M

119M

-0.73%

Total Value

$4.09B

$4.12B

-0.87%

New Positions

Increased Positions

117

-24

Closed Positions

Reduced Positions

105

+12

Total Calls

-42.86%

Total Puts

-20.0%

PUT/CALL Ratio

1.0

0.71

Neutral

Institutional Holders (2026 Q1)

258 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in HESM. Verified SEC 13F-HR filings.

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 25 institutional holders of HESM — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Fractal Investments LLC	5.45%	1,185,220	$46.1M
2	Heronetta Management, L.P.	3.28%	92,505	$3.6M
3	MILLER HOWARD INVESTMENTS INC /NY	1.59%	1,491,899	$58.0M
4	Penbrook Management LLC	0.88%	30,055	$1.2M
5	SPIRIT OF AMERICA MANAGEMENT CORP/NY	0.77%	99,837	$3.9M
6	Abacus FCF Advisors LLC	0.70%	79,795	$3.1M
7	Castellan Group	0.53%	98,872	$3.8M
8	Severin Investments, LLC	0.46%	13,764	$535K
9	INVESTMENT MANAGEMENT CORP /VA/ /ADV	0.43%	13,016	$506K
10	COOPER INVESTORS PTY LTD	0.43%	27,142	$1.1M
11	apricus wealth, LLC	0.41%	21,500	$836K
12	Wealthstar Advisors, LLC	0.32%	17,795	$692K
13	Gilman Hill Asset Management, LLC	0.27%	46,685	$1.8M
14	CFM WEALTH PARTNERS LLC	0.25%	42,260	$1.6M
15	Inspire Investing, LLC	0.23%	73,302	$2.8M
16	NAPLES GLOBAL ADVISORS, LLC	0.20%	70,366	$2.7M
17	ELCO Management Co., LLC	0.19%	10,260	$399K
18	Seelaus Asset Management LLC	0.15%	5,300	$206K
19	Kaizen Financial Strategies	0.13%	8,150	$308K
20	LGT Fund Management Co Ltd.	0.10%	56,358	$2.2M
21	Adams Asset Advisors, LLC	0.09%	20,550	$799K
22	Abel Hall, LLC	0.08%	10,000	$389K
23	Y-Intercept (Hong Kong) Ltd	0.08%	108,258	$4.2M
24	DIVIDEND ASSETS CAPITAL, LLC	0.08%	10,029	$390K
25	PFG Investments, LLC	0.08%	41,866	$1.6M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — HESS MIDSTREAM LP (HESM)

What does the Smart Money Trend signal show for HESM?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added HESM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for HESM?

Slight buying edge — 50% buying: Last quarter: 134 funds bought or added vs 136 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for HESM holders?

Strong quality — 26% AUM from major funds: 28 of 252 holders rank in the top 100 by AUM, accounting for 26% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held HESM?

55% of holders stayed for 2+ years: 139 out of 252 hedge funds have held HESM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Market Cap	--
Enterprise Value	--
Trailing P/E	--
Forward P/E	--
PEG Ratio (5yr expected)	--
Price/Sales (ttm)	--
Price/Book (mrq)	--
Enterprise Value/Revenue	--
Enterprise Value/EBITDA	--
Beta (5Y Monthly)	--
Short Ratio (Days to Cover)	--
Short % of Float	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

HESS MIDSTREAM LP (HESM)

Smart Money Signals — HESM

Buying streak — 1 quarter in a row

At the ownership peak (95% of max)

Stable — ownership unchanged year-over-year

Slight buying edge — 50% buying

More new buyers each quarter (+9 vs last Q)

55% of holders stayed for 2+ years

Steady discovery — ~48 new funds/quarter

Deep conviction — 62% of holders stayed 2+ years

Strong quality — 26% AUM from major funds

Hedge Fund Ownership: HESM

Market Analysis: HESM

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: HESM

Hedge Fund Positioning: HESM

Statistics: HESM

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — HESS MIDSTREAM LP (HESM)

Welcome to 13Foresight!