WhaleCreep

HITE Hedge Asset Management LLC 13F holdings, Q3 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-09-30, filed 2016-10-27

HITE Hedge Asset Management LLC disclosed 52 US equity positions worth $314.3m in its Q3 2016 13F filing. Its largest position is NGL at 7.2% of the reported book, followed by 0E41 and PENNTEX MIDSTREAM PARTNERS L. Versus Q2 2016 it opened 14 new positions, added to 12, reduced 14 and exited 9.

$314m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
52
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.2%
Largest position
The largest single position as a share of the reported equity book.
48.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
28
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 Q2 2016: 14 new, 12 added, 14 reduced, 9 exited

50 of 52
NGL NGL ENERGY PARTNERS LPEnergy7.2%$22.6m1.20m+12%added
0E41 ENLINK MIDSTREAM LLC–6.8%$21.3m1.27m–new
PENNTEX MIDSTREAM PARTNERS L no ticker–6.0%$18.9m1.09m+3.5%added
SPH SUBURBAN PROPANE PARTNERS LUtilities4.6%$14.6m438,236+2.2%added
ARCHROCK PARTNERS L P no ticker–4.6%$14.4m977,541+0.1%held
VTTI ENERGY PARTNERS LP no ticker–4.4%$13.9m733,286+333%added
NBLXUSD NOBLE MIDSTREAM PARTNERS LP–4.3%$13.4m480,868–new
AROC ARCHROCK INCEnergy4.0%$12.5m951,958−29%reduced
TK TEEKAY CORPORATIONEnergy3.4%$10.6m1.38m–new
WESTERN REFNG LOGISTICS LP no ticker–3.2%$10.0m432,792+82%added
EVAUSD ENVIVA PARTNERS LP–3.2%$10.0m369,241−7.1%reduced
GLNG GOLAR LNG LTDEnergy3.2%$9.9m468,466+426%added
ET ENERGY TRANSFER LPEnergy3.1%$9.8m580,989+15%added
GLP GLOBAL PARTNERS LP–3.0%$9.3m579,016−5.3%reduced
WMB WILLIAMS COS INCEnergy2.9%$9.3m301,230–new
RICE MIDSTREAM PARTNERS LP no ticker–2.9%$9.1m373,748−10%reduced
EPD ENTERPRISE PRODS PARTNERS LEnergy2.8%$8.9m321,084+355%added
WLKP WESTLAKE CHEM PARTNERS LP–2.3%$7.3m317,8440.0%held
MMLP MARTIN MIDSTREAM PRTNRS L P–2.2%$6.9m343,104+0.4%held
RICEEUR RICE ENERGY INC–2.0%$6.3m242,712–new
CHENIERE ENERGY PTNRS LP HLD no ticker–2.0%$6.2m273,704−45%reduced
DKL DELEK LOGISTICS PARTNERS LP–2.0%$6.1m214,741+485%added
SANCHEZ MIDSTREAM PARTNERS L no ticker–1.9%$5.8m541,885−2.4%reduced
NUSTAR GP HOLDINGS LLC no ticker–1.8%$5.6m217,705−2.7%reduced
AMIDUSD AMERICAN MIDSTREAM PARTNERS–1.6%$5.2m349,518–new
TRGP TARGA RES CORPEnergy1.6%$5.0m102,794−81%reduced
TEEKAY LNG PARTNERS L P no ticker–1.5%$4.6m306,232−18%reduced
XIFR XPLR INFRASTRUCTURE LPUtilities1.3%$4.1m145,755+21%added
SHLXUSD SHELL MIDSTREAM PARTNERS L P–1.2%$3.9m121,453+740%added
JP ENERGY PARTNERS LP no ticker–1.2%$3.7m501,946−4.7%reduced
TEEKAY OFFSHORE PARTNERS L P no ticker–1.0%$3.1m496,311–new
TRANSMONTAIGNE PARTNERS L P no ticker–0.9%$2.9m70,3440.0%held
SLV ISHARES SILVER TRUST–0.9%$2.7m146,8350.0%held
CVI CVR ENERGY INCEnergy0.7%$2.3m170,040–new
ENLINK MIDSTREAM PARTNERS LP no ticker–0.7%$2.3m127,163–new
MPLX MPLX LPEnergy0.7%$2.2m64,573+140%added
WESTERN GAS EQUITY PARTNERS no ticker–0.5%$1.5m35,871−28%reduced
ALDWUSD ALON USA PARTNERS LP–0.4%$1.2m144,200–new
SUNOCO LOGISTICS PRTNRS L P no ticker–0.3%$1.1m38,234–new
ALLIANCE HOLDINGS GP LP no ticker–0.3%$933k35,800–new
BKEPUSD BLUEKNIGHT ENERGY PARTNERS L–0.3%$831k136,448−69%reduced
RENTECH INC no ticker–0.2%$724k247,9600.0%held
PAA PLAINS ALL AMERN PIPELINE LEnergy0.2%$535k17,022−32%reduced
DOMINION ENERGY MIDSTRM PRTN no ticker–0.2%$485k20,283−72%reduced
ONEOK PARTNERS LP no ticker–0.1%$362k9,070–new
JNJ JOHNSON & JOHNSONHealthcare0.1%$327k2,7710.0%held
ADP AUTOMATIC DATA PROCESSING INTechnology0.10%$300k3,4000.0%held
EEM ISHARES TR–0.08%$253k6,7500.0%held
GEL GENESIS ENERGY L PEnergy0.08%$243k6,400–new
CVS CVS HEALTH CORPHealthcare0.08%$236k2,6500.0%held

Exited since Q2 2016

9 rows
ATLANTICA SUSTAINABLE INFR P no ticker4.9%$12.1m
PEGIEUR PATTERN ENERGY GROUP INC3.2%$7.8m
TESORO LOGISTICS LP no ticker1.5%$3.6m
UAN CVR PARTNERS LP1.4%$3.5m
FORTRESS TRANS INFRST INVS L no ticker1.2%$2.9m
ARC LOGISTICS PARTNERS LP no ticker0.5%$1.3m
BSM BLACK STONE MINERALS L P0.5%$1.3m
HCRSQ HI-CRUSH PARTNERS LP0.5%$1.3m
USDP USD PARTNERS LP0.1%$352k

Sector mix

  • Unclassified63.8%
  • Energy29.9%
  • Utilities5.9%
  • Healthcare0.2%
  • Technology0.10%
  • Financial Services0.07%
  • Industrials0.07%

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