Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Hess Midstream LP (HESM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +22
Streak
2Q ▲
Buyers last Q
56%

Smart Money Signals — HESM

Based on 287 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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 (100% of max)

100% of all-time peak
287 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.
📶

Steady growth — +5% more funds vs a year ago

fund count last 6Q
+13 new funds entered over the past year (+5% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

164 buying130 selling
Last quarter: 164 funds bought or added vs 130 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 (+13 vs last Q)

new funds entering per quarter
Funds opening a new HESM position: 45 → 40 → 50 → 63. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 24% medium ■ 24% new
148 out of 287 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.
📈

Growing discovery — still being found

46 → 45 → 40 → 50 → 63 new funds/Q
New funds entering each quarter: 45 → 40 → 50 → 63. A growing number of institutions are discovering HESM each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 60% veterans vs 26% newcomers

■ 60% veterans ■ 14% 1-2yr ■ 26% new
Entry-cohort mix of 293 holders: 177 (60%) are 2+ year veterans, 40 entered 1–2 years ago, and 76 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
40 of 286 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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.

Institutional Sentiment Summary — HESM

In 2026 Q1, 164 hedge funds were net buyers of HESM (63 opened a new position, 101 added to an existing one), while 130 reduced or exited (89 trimmed, 41 sold completely) — a 56% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 32% of total institutional value in HESM is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +22 funds (more new holders than closures). Total institutional holders: 287.

Hedge Fund Ownership: HESM

How many hedge funds hold HESM — quarterly history vs. share price
Quarterly hedge fund ownership of HESM vs. share price

Market Analysis: HESM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: HESM

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Hess Midstream LP (HESM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much HESM has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
HESM
nan%
XLE
-12.2%

HESM outperformed XLE by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
HESM
nan%
XLE
-9.5%

Since the filing became public, HESM outperformed XLE by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

19 top-rated funds 5 high-conviction
Consensus
5.6
/ 10
breadth
×
Elite
5.0
/ 10
conviction
Hedge Fund Positioning: HESM
285 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 285 265 7.55%
13F Shares 115M 119M -3.22%
Total Value $4.45B $4.09B 8.66%
New Positions 62 50 +12
Increased Positions 100 89 +11
Closed Positions 42 47 -5
Reduced Positions 85 93 -8
Total Calls 3 4 -25.0%
Total Puts 4 4 -
PUT/CALL Ratio 1.33 1.0 Bearish

Statistics: HESM

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Institutional Holders (2026 Q1)

285 + investors

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

QUARTER:
Top 25 HESM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Alps Advisors Inc 5.65% 30,880,193 $1.20B
2 Fractal Investments LLC 5.45% 1,185,220 $46.1M
3 Ritter Alpha, LP 5.21% 6,405 $249K
4 Longfellow Investment Management Co LLC 4.62% 570,158 $22.2M
5 Heronetta Management, L.P. 3.28% 92,505 $3.6M
6 GoodHaven Capital Management, LLC 1.82% 134,235 $5.2M
7 Infrastructure Capital Advisors, LLC 1.81% 668,739 $26.0M
8 Tortoise Capital Advisors, L.L.C. 1.81% 4,466,939 $173.6M
9 Miller Howard Investments Inc /Ny 1.59% 1,491,899 $58.0M
10 Eagle Global Advisors LLC 1.20% 857,561 $33.3M
11 Blackstone Inc. 1.18% 7,769,525 $302.0M
12 Financial Sense Advisors, Inc. 1.15% 145,267 $5.6M
13 Pinnacle Holdings, LLC 1.14% 90,483 $3.5M
14 Kayne Anderson Capital Advisors LP 1.13% 1,511,093 $58.7M
15 Keeler Thomas Management LLC 1.05% 63,525 $2.5M
16 Penbrook Management LLC 0.88% 30,055 $1.2M
17 Turas Capital Management LP 0.88% 88,400 $3.4M
18 Nearwater Capital Markets, Ltd 0.83% 900,000 $35.0M
19 Corps Capital Advisors, LLC 0.82% 24,302 $945K
20 Spirit of America Management Corp/Ny 0.77% 99,837 $3.9M
21 Abacus FCF Advisors LLC 0.70% 79,795 $3.1M
22 Basso Capital Management, L.P. 0.69% 29,000 $1.1M
23 Westover Capital Advisors, LLC 0.69% 95,993 $3.7M
24 Argyle Capital Partners, LLC 0.59% 21,046 $818K
25 Burkehill Global Management, LP 0.58% 300,000 $11.7M
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 — 2 quarters in a row: For 2 consecutive quarters, 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 — 56% buying: Last quarter: 164 funds bought or added vs 130 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 — 32% AUM from major funds: 40 of 286 holders rank in the top 100 by AUM, accounting for 32% 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?

52% of holders stayed for 2+ years: 148 out of 287 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.

Is it too late to buy Hess Midstream LP (HESM) following the 2026 Q1 hedge fund 13F filings?

As of today, HESM has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to -9.5% for the XLE sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), HESM has gained nan% vs -12.2% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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