WhaleCreep

HITE Hedge Asset Management LLC 13F holdings, Q4 2018

Hedge fundSEC filingsCompare with another fundHoldings as of 2018-12-31, filed 2019-02-06

HITE Hedge Asset Management LLC disclosed 56 US equity positions worth $508.2m in its Q4 2018 13F filing. Its largest position is FALCON MINERALS CORP at 10.8% of the reported book, followed by EQMUSD and VIPER ENERGY PARTNERS LP. Versus Q3 2018 it opened 17 new positions, added to 15, reduced 14 and exited 18.

$508m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
56
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.8%
Largest position
The largest single position as a share of the reported equity book.
63.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
19
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 Q3 2018: 17 new, 15 added, 14 reduced, 18 exited

50 of 56
FALCON MINERALS CORP no ticker–10.8%$54.7m6.43m+53%added
EQMUSD EQT MIDSTREAM PARTNERS LP–9.8%$50.0m1.16m+4841%added
VIPER ENERGY PARTNERS LP no ticker–8.9%$45.2m1.74m+221%added
ENB ENBRIDGE INCEnergy6.1%$30.8m992,357–new
ALTUS MIDSTREAM CO no ticker–5.5%$27.9m3.61m–new
CNX MIDSTREAM PARTNERS LP no ticker–5.5%$27.8m1.70m−4.0%reduced
NGL NGL ENERGY PARTNERS LPEnergy5.4%$27.6m2.87m0.0%held
ET ENERGY TRANSFER LPEnergy4.7%$23.9m1.81m–new
LNG CHENIERE ENERGY INCEnergy3.9%$19.8m334,306+28%added
WESTERN GAS EQUITY PARTNERS no ticker–2.9%$14.5m524,438+56%added
WEP MAGELLAN MIDSTREAM PRTNRS LP–2.8%$14.2m249,209–new
WESTERN GAS PARTNERS LP no ticker–2.7%$13.7m325,580–new
NINE NINE ENERGY SERVICE INCEnergy2.7%$13.7m608,774+22%added
EVAUSD ENVIVA PARTNERS LP–2.6%$13.2m474,402+1.2%added
GLNG GOLAR LNG LTDEnergy2.5%$12.5m575,335+54%added
CEIXEUR CONSOL ENERGY INC NEW–1.9%$9.6m303,704–new
OASIS MIDSTREAM PARTNERS LP no ticker–1.9%$9.6m599,169+62%added
HESS MIDSTREAM PARTNERS LP no ticker–1.8%$9.0m527,776−5.1%reduced
CVI CVR ENERGY INCEnergy1.7%$8.8m256,096+2.4%added
EPD ENTERPRISE PRODS PARTNERS LEnergy1.5%$7.7m312,293−60%reduced
UAN CVR PARTNERS LP–1.5%$7.7m2.25m+0.4%held
TORTOISE MLP FD INC no ticker–1.5%$7.4m603,147−54%reduced
MPLX MPLX LPEnergy1.4%$7.0m230,122–new
KYN KAYNE ANDERSON MLP INVT CO–1.4%$6.9m500,110+204%added
KAYNE ANDERSON MDSTM ENERGY no ticker–1.3%$6.7m698,073+463%added
HCC WARRIOR MET COAL INCBasic Materials1.3%$6.5m270,630−42%reduced
TRGP TARGA RES CORPEnergy0.8%$4.2m117,812−85%reduced
GOLDMAN SACHS MLP ENERGY REN no ticker–0.8%$4.1m933,003+194%added
NBLXUSD NOBLE MIDSTREAM PARTNERS LP–0.6%$3.2m110,590−28%reduced
TYGEUR TORTOISE ENERGY INFRSTRCTR C–0.6%$3.1m156,054+131%added
PAGPEUR PLAINS GP HLDGS L P–0.6%$2.8m140,824+17%added
VALERO ENERGY PARTNERS LP no ticker–0.5%$2.4m57,472−59%reduced
KMI KINDER MORGAN INC DELEnergy0.3%$1.5m100,597−83%reduced
DKL DELEK LOGISTICS PARTNERS LP–0.2%$1.2m42,309−14%reduced
USDP USD PARTNERS LP–0.2%$798k76,3810.0%held
ANDEAVOR LOGISTICS LP no ticker–0.1%$735k22,624−21%reduced
AMIDUSD AMERICAN MIDSTREAM PARTNERS–0.1%$665k219,308–new
GOLDMAN SACHS MLP INC OPP FD no ticker–0.1%$627k89,474−36%reduced
NBL2EUR NOBLE ENERGY INC–0.1%$603k32,118−89%reduced
PE1EUR PARSLEY ENERGY INC–0.1%$524k32,799–new
CVX CHEVRON CORPORATIONEnergy0.09%$472k4,342–new
FTSIEUR FTS INTERNATIONAL INC–0.09%$451k63,457–new
ADP AUTOMATIC DATA PROCESSING INTechnology0.09%$446k3,4000.0%held
JNJ JOHNSON & JOHNSONHealthcare0.07%$358k2,7710.0%held
JPM JPMORGAN CHASE & COFinancial Services0.07%$331k3,3920.0%held
TALO TALOS ENERGY INCEnergy0.06%$330k20,233–new
ENCANA CORP no ticker–0.06%$325k56,200–new
MSFT MICROSOFT CORPTechnology0.06%$325k3,2000.0%held
PERMROCK ROYALTY TRUST no ticker–0.06%$316k53,304−87%reduced
PUMP PROPETRO HLDG CORPEnergy0.06%$293k23,770–new

Exited since Q3 2018

18 rows
ENERGY TRANSFER PARTNERS LP no ticker8.9%$53.3m
KAYNE ANDERSON ACQUISITION no ticker5.3%$32.0m
ENBRIDGE ENERGY MANAGEMENT L no ticker4.5%$27.3m
CEQPUSD CRESTWOOD EQUITY PARTNERS LP3.8%$22.7m
SPECTRA ENERGY PARTNERS LP no ticker2.6%$15.5m
ANTERO MIDSTREAM PARTNERS LP no ticker2.0%$11.9m
ENBLUSD ENABLE MIDSTREAM PARTNERS LP1.9%$11.3m
SPH SUBURBAN PROPANE PARTNERS L1.4%$8.4m
KRP KIMBELL RTY PARTNERS LP0.9%$5.2m
GLP GLOBAL PARTNERS LP0.5%$3.3m
ENLINK MIDSTREAM PARTNERS LP no ticker0.4%$2.4m
ANDEAVOR no ticker0.4%$2.3m
SLV ISHARES SILVER TRUST0.3%$1.6m
ATO ATMOS ENERGY CORP0.2%$1.4m
BP MIDSTREAM PARTNERS LP no ticker0.2%$965k
SGU STAR GROUP L P0.1%$826k
FXI ISHARES TR0.03%$209k
CTAS CINTAS CORP0.03%$208k

Sector mix

  • Unclassified67.1%
  • Energy31.2%
  • Basic Materials1.3%
  • Technology0.2%
  • Healthcare0.1%
  • Financial Services0.07%
  • Industrials0.05%

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