Who owns Hess Midstream (HESM)
Which tracked institutional funds hold HESM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See HESM company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
49 tracked funds added or opened HESM while 83 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
HESM’s largest tracked holder by dollar value, ALPS ADVISORS INC, sizes it at 5.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 5.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in HESM divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 266 tracked filers holding HESM, 145 increased or opened the position and 134 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in HESM between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 11
- ExodusPoint Capital Management, LP$5M
- HITE Hedge Asset Management LLC$4M
- HSBC HOLDINGS PLC$4M
- Trexquant Investment LP$4M
- Paralel Advisors LLC$2M
- Jupiter Topco LLC$2M
Full exits 28
- Nearwater Capital Markets, Ltd$35M
- Burkehill Global Management, LP$12M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$7M
- SIR Capital Management, L.P.$5M
- Turas Capital Management LP$3M
- Cambridge Investment Research Advisors, Inc.$3M
Largest adds
- TWO SIGMA INVESTMENTS, LP$55M
- Bank of New York Mellon Corp$32M
- Zimmer Partners, LP$26M
- NEUBERGER BERMAN GROUP LLC$24M
- MILLENNIUM MANAGEMENT LLC$23M
- Qube Research & Technologies Ltd$22M
Largest trims
- ALPS ADVISORS INC$100M
- Blackstone Inc.$84M
- KAYNE ANDERSON CAPITAL ADVISORS LP$43M
- Clearbridge Investments, LLC$30M
- Brookfield Corp /ON/$25M
- MORGAN STANLEY$23M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| ALPS ADVISORS INC trimmed | 29,254,074 | $1.1B | 26.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 8,389,537 | $315M | 7.6% | 2026-Q2 |
| Invesco Ltd. added | 7,535,978 | $283M | 6.8% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed | 7,055,800 | $265M | 6.4% | 2026-Q2 |
| Blackstone Inc. trimmed | 5,786,130 | $218M | 5.2% | 2026-Q2 |
| Bank of New York Mellon Corp added | 4,720,992 | $178M | 4.3% | 2026-Q2 |
| TORTOISE CAPITAL ADVISORS, L.L.C. trimmed | 4,236,214 | $159M | 3.8% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 2,671,592 | $100M | 2.4% | 2026-Q2 |
| TD Asset Management Inc trimmed | 1,984,203 | $75M | 1.8% | 2026-Q2 |
| UBS Group AG added | 1,974,398 | $74M | 1.8% | 2026-Q2 |
| Epoch Investment Partners, Inc. trimmed | 1,945,456 | $73M | 1.8% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,906,588 | $71M | 1.7% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 1,674,699 | $63M | 1.5% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. added | 1,610,000 | $61M | 1.4% | 2026-Q2 |
| MILLER HOWARD INVESTMENTS INC /NY added | 1,558,131 | $59M | 1.4% | 2026-Q2 |
| CI INVESTMENTS INC. trimmed | 1,285,671 | $48M | 1.2% | 2026-Q2 |
| FMR LLC trimmed | 1,206,735 | $45M | 1.1% | 2026-Q2 |
| WESTWOOD HOLDINGS GROUP INC trimmed | 1,170,092 | $44M | 1.1% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,167,570 | $44M | 1.1% | 2026-Q2 |
| Fractal Investments LLC trimmed | 1,160,420 | $44M | 1.0% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC added | 1,110,853 | $42M | 1.0% | 2026-Q2 |
| Zimmer Partners, LP added | 997,643 | $38M | 0.9% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 961,849 | $36M | 0.9% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 956,243 | $36M | 0.9% | 2026-Q2 |
| BlackRock, Inc. trimmed | 887,083 | $33M | 0.8% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 871,091 | $33M | 0.8% | 2026-Q2 |
| EAGLE GLOBAL ADVISORS LLC added | 858,576 | $32M | 0.8% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 849,868 | $32M | 0.8% | 2026-Q2 |
| BARCLAYS PLC added | 794,850 | $30M | 0.7% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 776,769 | $29M | 0.7% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 694,579 | $26M | 0.6% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 654,959 | $25M | 0.6% | 2026-Q2 |
| INFRASTRUCTURE CAPITAL ADVISORS, LLC trimmed | 604,561 | $23M | 0.5% | 2026-Q2 |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC | 570,158 | $21M | 0.5% | 2026-Q2 |
| CIBC Bancorp USA Inc. trimmed | 551,090 | $21M | 0.5% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 537,351 | $20M | 0.5% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 497,700 | $19M | 0.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 446,037 | $17M | 0.4% | 2026-Q2 |
| KAYNE ANDERSON CAPITAL ADVISORS LP trimmed | 411,563 | $15M | 0.4% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 377,010 | $14M | 0.3% | 2026-Q2 |
| STATE STREET CORP added | 365,577 | $14M | 0.3% | 2026-Q2 |
| JENNISON ASSOCIATES LLC trimmed | 360,782 | $14M | 0.3% | 2026-Q2 |
| NEOS Investment Management LLC added | 325,566 | $12M | 0.3% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC added | 275,828 | $10M | 0.2% | 2026-Q2 |
| Allianz Asset Management GmbH trimmed | 266,238 | $10M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 260,797 | $10M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 246,700 | $9M | 0.2% | 2026-Q2 |
| LPL Financial LLC added | 240,412 | $9M | 0.2% | 2026-Q2 |
| NORDEA INVESTMENT MANAGEMENT AB added | 235,854 | $9M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 220,875 | $8M | 0.2% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 212,140 | $8M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 193,600 | $7M | 0.2% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC trimmed | 187,694 | $7M | 0.2% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 186,117 | $7M | 0.2% | 2026-Q2 |
| Americana Partners, LLC | 178,028 | $7M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 177,924 | $7M | 0.2% | 2026-Q2 |
| Advisors Asset Management, Inc. added | 159,390 | $6M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 156,564 | $6M | 0.1% | 2026-Q2 |
| Catalyst Capital Advisors LLC added | 156,351 | $6M | 0.1% | 2026-Q2 |
| Bridgewater Associates, LP added | 149,973 | $6M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 147,778 | $6M | 0.1% | 2026-Q2 |
| Financial Sense Advisors, Inc. added | 145,354 | $5M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 141,250 | $5M | 0.1% | 2026-Q2 |
| ExodusPoint Capital Management, LP trimmed | 137,788 | $5M | 0.1% | 2026-Q2 |
| EVERGREEN CAPITAL MANAGEMENT LLC added | 134,927 | $5M | 0.1% | 2026-Q2 |
| GoodHaven Capital Management, LLC trimmed | 133,735 | $5M | 0.1% | 2026-Q2 |
| Nuveen, LLC added | 126,700 | $5M | 0.1% | 2026-Q2 |
| Maryland State Retirement & Pension System added | 120,868 | $5M | 0.1% | 2026-Q2 |
| SCHRODER INVESTMENT MANAGEMENT GROUP trimmed | 117,513 | $4M | 0.1% | 2026-Q2 |
| Castellan Group added | 113,021 | $4M | 0.1% | 2026-Q2 |
| HITE Hedge Asset Management LLC trimmed | 111,963 | $4M | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 109,596 | $4M | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 108,105 | $4M | 0.1% | 2026-Q2 |
| Squarepoint Ops LLC added | 106,871 | $4M | 0.1% | 2026-Q2 |
| Trexquant Investment LP added | 103,789 | $4M | 0.1% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 101,258 | $4M | 0.1% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 98,668 | $4M | 0.1% | 2026-Q2 |
| Westover Capital Advisors, LLC added | 96,913 | $4M | 0.1% | 2026-Q2 |
| Holocene Advisors, LP added | 92,640 | $3M | 0.1% | 2026-Q2 |
| Heronetta Management, L.P. | 92,505 | $3M | 0.1% | 2026-Q2 |
| Pinnacle Holdings, LLC trimmed | 89,460 | $3M | 0.1% | 2026-Q2 |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY trimmed | 88,337 | $3M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 86,823 | $3M | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 84,484 | $3M | 0.1% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 82,818 | $3M | 0.1% | 2026-Q2 |
| Abacus FCF Advisors LLC added | 81,071 | $3M | 0.1% | 2026-Q2 |
| Inspire Investing, LLC added | 80,829 | $3M | 0.1% | 2026-Q2 |
| Brookfield Corp /ON/ trimmed | 80,544 | $3M | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC added | 79,334 | $3M | 0.1% | 2026-Q2 |
| Y-Intercept (Hong Kong) Ltd trimmed | 77,286 | $3M | 0.1% | 2026-Q2 |
| LGT Fund Management Co Ltd. added | 76,883 | $3M | 0.1% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP | 75,405 | $3M | 0.1% | 2026-Q2 |
| NAPLES GLOBAL ADVISORS, LLC added | 71,116 | $3M | 0.1% | 2026-Q2 |
| Texas Yale Capital Corp. added | 67,400 | $3M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 65,817 | $2M | 0.1% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 64,337 | $2M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 61,670 | $2M | 0.1% | 2026-Q2 |
| Paralel Advisors LLC new | 59,361 | $2M | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 56,416 | $2M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 55,455 | $2M | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.