WhaleCreep

HITE Hedge Asset Management LLC 13F holdings, Q1 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-03-31, filed 2024-05-14

HITE Hedge Asset Management LLC disclosed 85 US equity positions worth $998.1m in its Q1 2024 13F filing. Its largest position is NFE at 7.9% of the reported book, followed by CMS and GPOR. Versus Q4 2023 it opened 21 new positions, added to 32, reduced 24 and exited 22.

$998m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
85
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.9%
Largest position
The largest single position as a share of the reported equity book.
51.4%
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 Q4 2023: 21 new, 32 added, 24 reduced, 22 exited

50 of 85
NFE NEW FORTRESS ENERGY INCEnergy7.9%$78.7m2.57m+63%added
CMS CMS ENERGY CORPUtilities6.8%$68.0m1.13m+45%added
GPOR GULFPORT ENERGY CORPEnergy6.1%$60.5m378,123+980%added
POR PORTLAND GEN ELEC COUtilities5.8%$58.3m1.39m+74%added
ETR ENTERGY CORP NEWUtilities4.9%$49.3m466,945−37%reduced
NI NISOURCE INCUtilities4.6%$45.6m1.65m−58%reduced
DTE DTE ENERGY COUtilities4.3%$42.8m381,519+135%added
ERFGBP ENERPLUS CORP–4.2%$42.1m2.14m+278%added
BP BP PLCEnergy3.9%$38.6m1.02m+105%added
TRGP TARGA RES CORPEnergy2.9%$28.9m258,432−51%reduced
ABG ASBURY AUTOMOTIVE GROUP INCConsumer Cyclical2.8%$27.6m117,136+25%added
LNT ALLIANT ENERGY CORPUtilities2.4%$23.9m475,183+4.0%added
EQT EQT CORPORATIONEnergy2.3%$22.8m615,673+14%added
OLN OLIN CORPBasic Materials2.3%$22.7m386,182–new
EVRG EVERGY INCUtilities2.2%$22.1m414,105+944%added
OVV OVINTIV INCEnergy2.2%$21.6m416,481+414%added
COP CONOCOPHILLIPSEnergy2.1%$20.5m161,432+38%added
TALO TALOS ENERGY INCEnergy2.0%$19.9m1.43m+358%added
EXC EXELON CORPUtilities1.9%$18.7m497,376+19%added
CVE Cenovus Energy IncEnergy1.8%$18.2m909,094+74%added
AM ANTERO MIDSTREAM CORPEnergy1.7%$17.3m1.23m–new
MUR MURPHY OIL CORPEnergy1.4%$13.6m297,792+241%added
AEBA ALLETE INC–1.3%$12.9m215,722+40%added
KGS KODIAK GAS SVCS INCEnergy1.2%$12.2m446,514−55%reduced
DINO HF SINCLAIR CORPEnergy1.2%$11.7m194,369–new
XEL XCEL ENERGY INCUtilities1.2%$11.6m215,290+81%added
ADNT ADIENT PLCConsumer Cyclical0.8%$7.5m227,599−59%reduced
CTRA COTERRA ENERGY INC–0.7%$7.3m261,793−42%reduced
PPL PPL CORPUtilities0.7%$7.1m259,337−56%reduced
STEM STEM INCUtilities0.7%$6.7m3.07m+797%added
SAH SONIC AUTOMOTIVE INCConsumer Cyclical0.7%$6.6m115,941+56%added
XOP SPDR SERIES TRUST–0.6%$6.1m39,117−38%reduced
ARRY ARRAY TECHNOLOGIES INCTechnology0.6%$6.0m400,760–new
AESI ATLAS ENERGY SOLUTIONS INCEnergy0.6%$5.9m260,494−77%reduced
CTVA CORTEVA INCBasic Materials0.6%$5.8m100,000−41%reduced
PBA PEMBINA PIPELINE CORPEnergy0.6%$5.8m163,134−83%reduced
GLNG GOLAR LNG LTDEnergy0.5%$5.4m226,219–new
CARR CARRIER GLOBAL CORPORATIONIndustrials0.5%$5.4m92,473–new
MSFT MICROSOFT CORPTechnology0.5%$5.4m12,7420.0%held
AEE AMEREN CORPUtilities0.5%$5.3m71,305–new
PCG PG&E CORPUtilities0.5%$5.0m300,0000.0%held
NESR NATIONAL ENERGY SERVICES REUEnergy0.5%$4.7m591,473−56%reduced
NPWR NET POWER INC–0.4%$4.3m377,637−48%reduced
PPG PPG INDS INCBasic Materials0.4%$4.3m29,349+432%added
DAN DANA INCConsumer Cyclical0.4%$4.3m334,850+1216%added
PNW PINNACLE WEST CAP CORPUtilities0.4%$4.1m55,524+189%added
FLNC FLUENCE ENERGY INCUtilities0.4%$4.1m236,342–new
AMPSUSD ALTUS POWER INC–0.4%$4.1m847,839–new
MRO* MARATHON OIL CORP–0.4%$3.8m134,232−79%reduced
FDX FEDEX CORPIndustrials0.3%$3.5m12,000–new

Exited since Q4 2023

22 rows
DTM DT MIDSTREAM INC5.0%$47.5m
DD DUPONT DE NEMOURS INC1.9%$18.0m
MGY MAGNOLIA OIL & GAS CORP1.6%$15.6m
FANG DIAMONDBACK ENERGY INC1.2%$11.4m
DOW DOW HLDGS INC0.5%$5.1m
CPE* CALLON PETE CO DEL0.4%$4.1m
MBLY MOBILEYE GLOBAL INC0.3%$2.7m
RPM RPM INTL INC0.3%$2.6m
OPAL OPAL FUELS INC0.2%$2.1m
CNP CENTERPOINT ENERGY INC0.2%$1.4m
ARISUSD ARIS WATER SOLUTIONS INC0.10%$937k
AXALTA COATING SYS LTD no ticker0.10%$920k
NTR NUTRIEN LTD0.09%$862k
SO SOUTHERN CO0.08%$807k
NRG NRG ENERGY INC0.07%$694k
GT GOODYEAR TIRE & RUBR CO0.06%$539k
CRK COMSTOCK RES INC0.05%$490k
CSX CSX CORP0.05%$483k
EFXT ENERFLEX LTD0.05%$477k
BWA BORGWARNER INC0.05%$457k
PLL PIEDMONT LITHIUM INC0.04%$403k
NSC NORFOLK SOUTHERN CORP0.03%$329k

Sector mix

  • Energy40.3%
  • Utilities38.0%
  • Unclassified8.9%
  • Consumer Cyclical6.5%
  • Basic Materials3.9%
  • Technology1.4%
  • Industrials0.9%
  • Communication Services0.2%

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