WhaleCreep

HITE Hedge Asset Management LLC 13F holdings, Q1 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-15

HITE Hedge Asset Management LLC disclosed 95 US equity positions worth $1.3bn in its Q1 2023 13F filing. Its largest position is NI at 6.5% of the reported book, followed by ETR and DTE. Versus Q4 2022 it opened 35 new positions, added to 22, reduced 27 and exited 21.

$1.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
95
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.5%
Largest position
The largest single position as a share of the reported equity book.
44.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
33
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 Q4 2022: 35 new, 22 added, 27 reduced, 21 exited

50 of 95
NI NISOURCE INCUtilities6.5%$86.5m3.09m−23%reduced
ETR ENTERGY CORP NEWUtilities6.3%$84.1m780,898−27%reduced
DTE DTE ENERGY COUtilities5.4%$72.2m659,213−11%reduced
TRGP TARGA RES CORPEnergy5.3%$71.4m978,374+20%added
NFE NEW FORTRESS ENERGY INCEnergy5.2%$69.9m2.37m+341%added
COP CONOCOPHILLIPSEnergy3.5%$46.7m470,731+237%added
PBA PEMBINA PIPELINE CORPEnergy3.4%$45.6m1.41m+61%added
MUR MURPHY OIL CORPEnergy3.4%$45.2m1.22m+488%added
POR PORTLAND GEN ELEC COUtilities3.0%$39.7m812,571+3.0%added
CWEN CLEARWAY ENERGY INCUtilities2.8%$37.4m1.19m+9.1%added
PDCEUSD PDC ENERGY INC–2.8%$37.1m577,779+161%added
LNT ALLIANT ENERGY CORPUtilities2.7%$35.6m667,480+2181%added
EXC EXELON CORPUtilities2.7%$35.5m846,480−2.1%reduced
NOG NORTHERN OIL & GAS INCEnergy2.4%$32.7m1.08m–new
CVE Cenovus Energy IncEnergy2.4%$31.8m1.82m+720%added
FANG DIAMONDBACK ENERGY INCEnergy2.3%$31.0m229,476−43%reduced
PPL PPL CORPUtilities2.1%$28.5m1.03m+24%added
EVRG EVERGY INCUtilities2.1%$27.5m449,301−9.4%reduced
XEL XCEL ENERGY INCUtilities2.0%$27.2m403,812+28%added
OVV OVINTIV INCEnergy2.0%$26.5m734,646−43%reduced
AEE AMEREN CORPUtilities1.8%$23.5m271,591−16%reduced
EQT EQT CORPORATIONEnergy1.7%$22.6m707,307+86%added
RRC RANGE RES CORPEnergy1.6%$21.5m811,962–new
AESI ATLAS ENERGY SOLUTIONS INC–1.5%$20.4m1.20m–new
CNP CENTERPOINT ENERGY INCUtilities1.5%$20.1m681,289+127%added
WMB WILLIAMS COS INCEnergy1.0%$13.5m451,199–new
LEA LEAR CORPConsumer Cyclical1.0%$13.4m95,844+86%added
PEG PUBLIC SVC ENTERPRISE GROUPUtilities0.8%$10.9m174,039−0.9%reduced
RICE ACQUISITION CORP II no ticker–0.8%$10.5m1.03m−2.7%reduced
CNX CNX RESOURCES CORPORATIONEnergy0.7%$10.0m621,545–new
CMS CMS ENERGY CORPUtilities0.7%$9.2m149,255−63%reduced
GM General Motors CorpConsumer Cyclical0.7%$9.0m246,684–new
AM ANTERO MIDSTREAM CORPEnergy0.7%$8.7m831,615–new
DOW DOW HLDGS INCBasic Materials0.6%$7.8m143,079–new
NXPI NXP SEMICONDUCTORS N VTechnology0.6%$7.8m41,985+174%added
SM SM ENERGY COMPANYEnergy0.6%$7.7m272,964−55%reduced
NSC NORFOLK SOUTHERN CORPIndustrials0.6%$7.7m36,220–new
VC VISTEON CORPConsumer Cyclical0.6%$7.5m47,952−14%reduced
CF CF Industries Holdings IncBasic Materials0.6%$7.5m102,937–new
ALV AUTOLIV INCConsumer Cyclical0.6%$7.4m79,571+5.9%added
DAN DANA INCConsumer Cyclical0.5%$7.2m475,276–new
FDX FEDEX CORPIndustrials0.5%$6.9m30,000–new
DINO HF SINCLAIR CORPEnergy0.5%$6.5m134,985–new
STLA STELLANTIS N.VConsumer Cyclical0.5%$6.2m338,332−58%reduced
FREYR BATTERY no ticker–0.5%$6.1m686,862−52%reduced
OLN OLIN CORPBasic Materials0.4%$6.0m107,513−29%reduced
DCH DAUCH CORPConsumer Cyclical0.4%$5.9m760,467+230%added
MGA MAGNA INTL INCConsumer Cyclical0.4%$5.9m110,486–new
TPG PACE BENEFICIAL II CORP no ticker–0.4%$5.8m584,9550.0%held
NEE NEXTERA ENERGY INCUtilities0.4%$5.8m75,600–new

Exited since Q4 2022

21 rows
NOG1EUR NORTHERN OIL & GAS INC NEV2.0%$23.9m
EXE EXPAND ENERGY CORPORATION1.3%$15.2m
OXY OCCIDENTAL PETE CORP1.1%$13.2m
CIVI CIVITAS RESOURCES INC0.8%$9.9m
DVN DEVON ENERGY CORP NEW0.8%$9.9m
TRANSCANADA CORP no ticker0.7%$8.0m
MTDR MATADOR RES CO0.5%$6.6m
CNQ CANADIAN NAT RES LTD MED TER0.2%$2.4m
GPRE GREEN PLAINS INC0.2%$2.4m
DTM DT MIDSTREAM INC0.2%$2.4m
FIRST RESERVE SUSTAINABLE GW no ticker0.2%$2.4m
DO1USD DIAMOND OFFSHORE DRILLING IN0.1%$1.8m
RIG TRANSOCEAN LTD0.07%$885k
ADP AUTOMATIC DATA PROCESSING IN0.07%$812k
HP HELMERICH & PAYNE INC0.06%$752k
JNJ JOHNSON & JOHNSON0.04%$489k
JPM JPMORGAN CHASE & CO0.04%$455k
ABBV ABBVIE INC0.03%$414k
ABT ABBOTT LABORATORIES0.02%$263k
EEM ISHARES TR0.02%$256k
EMR Emerson Electric Inc.0.02%$202k

Sector mix

  • Utilities42.2%
  • Energy38.1%
  • Unclassified7.3%
  • Consumer Cyclical5.6%
  • Basic Materials3.2%
  • Industrials1.8%
  • Technology1.7%
  • Consumer Defensive0.2%
  • Healthcare0.02%

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