WhaleCreep

HITE Hedge Asset Management LLC 13F holdings, Q2 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-06-30, filed 2016-07-27

HITE Hedge Asset Management LLC disclosed 47 US equity positions worth $245.8m in its Q2 2016 13F filing. Its largest position is TRGP at 9.3% of the reported book, followed by NGL and PENNTEX MIDSTREAM PARTNERS L. Versus Q1 2016 it opened 9 new positions, added to 13, reduced 14 and exited 19.

$246m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
47
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.3%
Largest position
The largest single position as a share of the reported equity book.
56.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
22
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
55
Quarters on file since Q4 2012
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2016: 9 new, 13 added, 14 reduced, 19 exited

47 rows
TRGP TARGA RES CORPEnergy9.3%$23.0m545,391+301%added
NGL NGL ENERGY PARTNERS LPEnergy8.4%$20.7m1.07m+865%added
PENNTEX MIDSTREAM PARTNERS L no ticker–6.7%$16.4m1.05m+8.2%added
SPH SUBURBAN PROPANE PARTNERS LUtilities5.8%$14.3m428,936−31%reduced
ARCHROCK PARTNERS L P no ticker–5.4%$13.2m976,531+55%added
AROC ARCHROCK INCEnergy5.1%$12.6m1.33m–new
ATLANTICA SUSTAINABLE INFR P no ticker–4.9%$12.1m651,517–new
CHENIERE ENERGY PTNRS LP HLD no ticker–4.0%$9.8m494,208+105%added
EVAUSD ENVIVA PARTNERS LP–3.7%$9.0m397,342−18%reduced
RICE MIDSTREAM PARTNERS LP no ticker–3.5%$8.5m416,435−18%reduced
GLP GLOBAL PARTNERS LP–3.4%$8.4m611,153+919%added
MMLP MARTIN MIDSTREAM PRTNRS L P–3.2%$7.9m341,907+4.6%added
PEGIEUR PATTERN ENERGY GROUP INC–3.2%$7.8m337,682+148%added
ET ENERGY TRANSFER LPEnergy3.0%$7.3m505,580–new
WLKP WESTLAKE CHEM PARTNERS LP–2.6%$6.4m317,8440.0%held
WESTERN REFNG LOGISTICS LP no ticker–2.5%$6.2m237,901–new
SANCHEZ MIDSTREAM PARTNERS L no ticker–2.5%$6.1m555,2730.0%held
NUSTAR GP HOLDINGS LLC no ticker–2.3%$5.7m223,819+217%added
JP ENERGY PARTNERS LP no ticker–1.8%$4.4m526,946−32%reduced
TEEKAY LNG PARTNERS L P no ticker–1.7%$4.2m375,086+230%added
XIFR XPLR INFRASTRUCTURE LPUtilities1.5%$3.7m120,918–new
TESORO LOGISTICS LP no ticker–1.5%$3.6m73,603+257%added
UAN CVR PARTNERS LP–1.4%$3.5m427,033–new
VTTI ENERGY PARTNERS LP no ticker–1.4%$3.4m169,333−75%reduced
FORTRESS TRANS INFRST INVS L no ticker–1.2%$2.9m319,280−2.9%reduced
TRANSMONTAIGNE PARTNERS L P no ticker–1.2%$2.9m70,3440.0%held
SLV ISHARES SILVER TRUST–1.1%$2.6m146,8350.0%held
BKEPUSD BLUEKNIGHT ENERGY PARTNERS L–0.9%$2.3m436,283+119%added
EPD ENTERPRISE PRODS PARTNERS LEnergy0.8%$2.1m70,562–new
DOMINION ENERGY MIDSTRM PRTN no ticker–0.8%$2.0m71,719−80%reduced
WESTERN GAS EQUITY PARTNERS no ticker–0.8%$1.9m49,871–new
GLNG GOLAR LNG LTDEnergy0.6%$1.4m89,123−92%reduced
ARC LOGISTICS PARTNERS LP no ticker–0.5%$1.3m99,330−56%reduced
BSM BLACK STONE MINERALS L P–0.5%$1.3m81,561−38%reduced
HCRSQ HI-CRUSH PARTNERS LP–0.5%$1.3m96,630−40%reduced
DKL DELEK LOGISTICS PARTNERS LP–0.4%$980k36,683+143%added
MPLX MPLX LPEnergy0.4%$906k26,941−93%reduced
PAA PLAINS ALL AMERN PIPELINE LEnergy0.3%$693k25,191–new
RENTECH INC no ticker–0.2%$595k247,9600.0%held
SHLXUSD SHELL MIDSTREAM PARTNERS L P–0.2%$488k14,453−95%reduced
USDP USD PARTNERS LP–0.1%$352k36,533−12%reduced
JNJ JOHNSON & JOHNSONHealthcare0.1%$336k2,7710.0%held
ADP AUTOMATIC DATA PROCESSING INTechnology0.1%$312k3,4000.0%held
CVS CVS HEALTH CORPHealthcare0.1%$254k2,6500.0%held
EEM ISHARES TR–0.09%$232k6,7500.0%held
MMM 3M COIndustrials0.09%$224k1,2800.0%held
JPM JPMORGAN CHASE & COFinancial Services0.09%$211k3,3920.0%held

Exited since Q1 2016

19 rows
RENTECH NITROGEN PARTNERS L no ticker4.0%$9.3m
VALERO ENERGY PARTNERS LP no ticker3.2%$7.3m
CST BRANDS INC no ticker3.1%$7.2m
ABENGOA YIELD PLC no ticker2.5%$5.8m
ENERGY TRANSFER PRTNRS L P no ticker1.9%$4.5m
GOLAR LNG PARTNERS LP no ticker1.4%$3.2m
NRG YIELD INC no ticker1.4%$3.2m
ENBRIDGE ENERGY MANAGEMENT L no ticker1.2%$2.8m
TEGPUSD TALLGRASS ENERGY LP0.9%$2.0m
WESTERN GAS PARTNERS LP no ticker0.7%$1.7m
ALLIANCE HOLDINGS GP LP no ticker0.6%$1.3m
GREEN PLAINS PARTNERS LP no ticker0.5%$1.1m
CONE MIDSTREAM PARTNERS LP no ticker0.4%$850k
ENB ENBRIDGE INC0.3%$614k
ENBLUSD ENABLE MIDSTREAM PARTNERS LP0.3%$596k
COLUMBIA PIPELINE PARTNERS L no ticker0.3%$592k
CNX COAL RES LP no ticker0.2%$560k
VIPER ENERGY PARTNERS LP no ticker0.2%$364k
SXCPUSD SUNCOKE ENERGY PARTNERS L P0.2%$364k

Sector mix

  • Unclassified64.2%
  • Energy27.9%
  • Utilities7.3%
  • Healthcare0.2%
  • Technology0.1%
  • Industrials0.09%
  • Financial Services0.09%

Book over time

Every quarter on file (55)
QuarterPositionsEquity book
Q2 2026124$1.8bn
Q1 2026126$1.8bn
Q4 2025119$1.6bn
Q3 2025114$1.8bn
Q2 2025111$1.7bn
Q1 2025107$1.6bn
Q4 202498$1.4bn
Q3 202485$870m
Q2 202496$1.0bn
Q1 202485$998m
Q4 202386$951m
Q3 2023106$931m
Q2 202388$866m
Q1 202395$1.3bn
Q4 202281$1.2bn
Q3 202287$1.2bn
Q2 202286$1.1bn
Q1 2022142$1.0bn
Q4 2021153$869m
Q3 2021147$794m
Q2 2021144$711m
Q1 2021161$666m
Q4 2020120$429m
Q3 2020100$320m
Q2 202092$272m
Q1 202068$312m
Q4 201993$499m
Q3 201970$488m
Q2 201971$633m
Q1 201966$611m
Q4 201856$508m
Q3 201857$601m
Q2 201853$628m
Q1 201855$459m
Q4 201762$562m
Q3 201755$386m
Q2 201747$290m
Q1 201750$407m
Q4 201654$386m
Q3 201652$314m
Q2 201647$246m
Q1 201657$230m
Q4 201556$231m
Q3 201554$237m
Q2 201564$350m
Q1 201560$305m
Q4 201469$262m
Q3 201484$368m
Q2 201466$314m
Q1 201466$315m
Q4 201361$279m
Q3 201360$241m
Q2 201354$214m
Q1 201336$169m
Q4 201224$54.0m

Where HITE Hedge Asset Management LLC was early

58 rows
MPLX MPLX LPQ1 20131 of 500.4%6.9%22Exited by Q4 2020−58%
KNOP KNOT OFFSHORE PARTNERS LPQ2 20131 of 242.0%3.1%12Exited by Q2 2017+5.8%
OKE ONEOK INC NEWQ2 20131 of 1360.9%3.1%7Exited by Q1 2026+103%
EPD ENTERPRISE PRODS PARTNERS LQ2 20134 of 650.8%7.9%17Exited by Q4 2020−49%
KYN KAYNE ANDERSN MLP MIDS INVTQ3 20131 of 360.1%2.2%7Exited by Q4 2019−60%
PAA PLAINS ALL AMERN PIPELINE LQ4 20131 of 471.6%6.5%14Exited by Q4 2020−88%
TK TEEKAY CORPORATIONQ4 20133 of 870.9%7.5%10Exited by Q1 2017−83%
0E41 ENLINK MIDSTREAM LLCQ1 20141 of 811.8%6.8%14Exited by Q1 2025–
CQP CHENIERE ENERGY PARTNERS LPQ1 20142 of 280.3%1.7%9Exited by Q2 2018−3.0%
WEP MAGELLAN MIDSTREAM PRTNRS LPQ1 20143 of 331.1%3.7%6Exited by Q4 2020−51%
XLF SELECT SECTOR SPDR TRQ1 20147 of 1522.3%3.0%5Exited by Q2 2015+7.9%
SLV ISHARES SILVER TRQ1 20148 of 1140.9%1.1%21Exited by Q4 2020+14%
GLNG GOLAR LNG LTDQ2 20147 of 1670.7%12.0%31Held at last filing, Q2 2026−17%
XIFR NEXTERA ENERGY PARTNERS LPQ3 20145 of 1120.09%2.8%5Exited by Q4 2016−19%
SUN SUNOCO LP/SUNOCO FIN CORPQ4 20142 of 381.1%1.1%4Exited by Q4 2020−51%
NI NISOURCE INCQ1 20153 of 1105.9%10.9%24Held at last filing, Q2 2026+174%
ENB ENBRIDGE INCQ3 20154 of 1022.7%6.1%7Exited by Q2 2025+19%
AROC ARCHROCK INCQ2 20162 of 1075.1%5.1%9Exited by Q4 2025+179%
CVI CVR ENERGY INCQ3 20162 of 830.7%1.7%9Exited by Q1 2022+22%
KRP KIMBELL RTY PARTNERS LPQ1 20175 of 470.5%1.4%15Exited by Q2 2022−17%
HCC WARRIOR MET COAL INCQ2 20178 of 1320.2%2.8%8Exited by Q1 2020+23%
AR ANTERO RESOURCES CORPQ2 201710 of 1930.5%3.9%18Exited by Q1 2026+59%
EQT EQT CORPQ2 201723 of 2314.5%5.0%25Exited by Q2 2026+100%
NINE NINE ENERGY SVC INCQ1 20181 of 452.5%2.7%7Exited by Q4 2019−83%
TALO TALOS ENERGY INCQ4 201812 of 1120.07%3.0%14Exited by Q3 2024−26%
NGS NATURAL GAS SERVICES GROUPQ1 20191 of 470.10%1.7%8Exited by Q1 2021−45%
MGY MAGNOLIA OIL & GAS CORPQ1 201910 of 1020.07%2.0%5Exited by Q1 2026+82%
OXY OCCIDENTAL PETE CORPQ1 201920 of 1920.08%2.7%6Exited by Q1 2023−4.9%
WES WESTERN MIDSTREAM PARTNERS LQ2 20194 of 363.9%3.9%3Exited by Q1 2020−36%
MUR MURPHY OIL CORPQ2 20197 of 1090.07%3.4%11Exited by Q2 2026+67%
SM SM ENERGY COMPANYQ2 20197 of 1260.08%2.9%15Exited by Q2 2026+149%
SU SUNCOR ENERGY INC NEWQ3 201911 of 1360.1%2.6%11Held at last filing, Q2 2026+70%
CMS CMS ENERGY CORPQ1 20206 of 910.2%6.8%14Exited by Q2 2025+28%
ED CONSOLIDATED EDISON INCQ1 202010 of 940.2%1.6%4Held at last filing, Q2 2026+42%
VCLT VANGUARD SCOTTSDALE FDSQ2 20201 of 292.5%3.6%9Exited by Q3 2022−24%
POR PORTLAND GEN ELEC COQ2 20203 of 810.4%8.1%24Held at last filing, Q2 2026+24%
OVV OVINTIV INCQ2 20204 of 1560.09%7.6%21Exited by Q2 2026+522%
ETR ENTERGY CORP NEWQ2 20209 of 1290.4%9.9%24Held at last filing, Q2 2026+145%
DTE DTE ENERGY COQ2 202010 of 910.4%8.5%19Held at last filing, Q2 2026+67%
RUN SUNRUN INCQ2 202012 of 1740.4%1.0%6Exited by Q4 2021+123%
VCIT VANGUARD SCOTTSDALE FDSQ3 20202 of 451.6%3.0%7Exited by Q2 2022−10%
LNT ALLIANT ENERGY CORPQ4 20206 of 982.4%2.7%22Held at last filing, Q2 2026+48%
AES AES CORPQ4 20209 of 1691.8%1.8%5Exited by Q1 2026−39%
XEL XCEL ENERGY INCQ1 20212 of 1161.7%7.9%21Held at last filing, Q2 2026+21%
MDU MDU RES GROUP INCQ1 20213 of 1081.5%3.6%6Held at last filing, Q2 2026+76%
STEM STEM INCQ2 20212 of 912.8%2.8%12Exited by Q2 2024−94%
DTM DT MIDSTREAM INCQ3 20214 of 1061.1%5.0%6Exited by Q2 2025+109%
CHRD CHORD ENERGY CORPORATIONQ3 20217 of 1341.3%3.6%16Held at last filing, Q2 2026+15%
AEBA ALLETE INCQ4 20213 of 970.7%1.3%4Exited by Q2 2024+35%
NFE NEW FORTRESS ENERGY INCQ4 202110 of 1290.3%9.9%11Exited by Q4 2024−62%

Concentration and tenure

8.2%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
50.5%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
2
Median completed holding, quarters