Equal-WT
WhaleScore 2.0
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Hite Hedge Asset Management is based out of Quincy. Hite Hedge Asset Management is a hedge fund with 5 clients and discretionary assets under management (AUM) of $1,878,932,034 (Form ADV from 2024-03-28). Their last reported 13F filing for Q3 2024 included $870,199,363 in managed 13F securities
and a top 10 holdings concentration of 39.95%. Hite Hedge Asset Management's largest holding is Veren Inc with shares held of 10,579,297. Whalewisdom has at least 50 13F filings, 14 13G filings, and 12 Form 4 filings
Business Description
The advisory business focuses on providing investment advice and management services to clients. They offer a range of services, including performance-based fees, side-by-side management, and various investment strategies. The business also discloses information about their methods of analysis, risk of loss, disciplinary information, and code of ethics.
The advisory business compensates third-party marketing firms for client referrals, ensuring transparency and compliance with regulations. They have complete discretion in selecting brokers and dealers for client transactions, and may utilize both commission-based and principal-based arrangements. The business also provides information about their custody practices, investment discretion, voting client securities, and financial information.
Investment Strategy
The Funds are designed to be flexible and opportunistic, allowing the Adviser to implement whatever strategies they believe are best suited to prevailing market conditions. This means the Funds can invest in a wide range of assets and employ various investment techniques, including those not explicitly described in the provided documents.
The Adviser aims to control risks and diversify the portfolio, but recognizes that risks associated with different assets may be correlated in unexpected ways. Additionally, the competitive nature of the hedge fund industry, with many funds pursuing similar strategies, creates the risk of forced liquidations, reduced liquidity, increased volatility, and exacerbated losses. While the Adviser attempts to identify, monitor, and manage significant risks, there is no guarantee that these efforts will be effective.
Owners
- RUBIN, HOWARD, BRUCE - CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, CHIEF COMPLIANCE OFFICER
- JAMPEL, JAMES, MEYERS - FOUNDER
- Niblack, Robert, Matthew - MANAGING MEMBER
- HITE HEDGE ASSET MANAGEMENT LP - GENERAL PARTNER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-09-30
Top Buys (13F)
Name | % Change |
---|---|
VRN Veren Inc | 7.49% |
LAD Lithia Motors Inc, C | 3.88% |
NEE NextEra Energy Inc | 2.96% |
AR Antero Resources Cor | 2.66% |
XEL Xcel Energy, Inc. | 2.04% |
2024-09-30
Top Sells (13F)
Name | % Change |
---|---|
NFE New Fortress Energy | 4.93% |
TALO Talos Energy Inc | 3.03% |
CMS CMS Energy Corporati | 2.99% |
GPOR Gulfport Energy Corp | 2.84% |
POR Portland General Ele | 2.13% |
2024-09-30
13F Holdings Summary
Name | $ Change |
---|---|
VRN Veren Inc | 7.49% |
DTE DTE Energy Co. | 4.8% |
POR Portland General Ele | 4.16% |
LAD Lithia Motors Inc, C | 3.93% |
ETR Entergy Corp | 3.62% |
2024-09-30
13F Activity
Market Value | $0.87b, Prior: $1.02b |
Inflows (Outflows) as % of Total MV | (-11.9887)% |
New Purchases | 22 stocks |
Added To | 37 stocks |
Sold out of | 35 stocks |
Reduced holdings in | 24 stocks |
Top 10 Holdings % | 39.95% |
Turnover %[1] | 47.5% |
Turnover Alt %[2] | 41.54% |
Time Held Top 20 | 3.35 quarters |
Time Held Top 10 | 4.7 quarters |
Time Held All | 5.39 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-09-30
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30