Latest HITE Hedge Asset Management LLC Stock Portfolio

HITE Hedge Asset Management LLC Performance:

2024 Q3: -0.73%YTD: -3.38%2023: -0.87%

Performance for 2024 Q3 is -0.73%, and YTD is -3.38%, and 2023 is -0.87%.

About HITE Hedge Asset Management LLC and 13F Hedge Fund Stock Holdings

HITE Hedge Asset Management LLC is a hedge fund based in QUINCY, MA. On 31-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2.3 Billions. In it's latest 13F Holdings report, HITE Hedge Asset Management LLC reported an equity portfolio of $870.2 Millions as of 30 Sep, 2024.

The top stock holdings of HITE Hedge Asset Management LLC are , DTE, POR. The fund has invested 7.5% of it's portfolio in VEREN INC and 4.8% of portfolio in DTE ENERGY CO.

The fund managers got completely rid off TALOS ENERGY INC (TALO), KODIAK GAS SVCS INC and TARGA RES CORP (TRGP) stocks. They significantly reduced their stock positions in KINETIK HOLDINGS INC (KNTK), BERRY CORP (BRY) and GENERAL MTRS CO (GM). HITE Hedge Asset Management LLC opened new stock positions in VEREN INC, NEXTERA ENERGY INC (NEE) and NXP SEMICONDUCTORS N V (NXPI). The fund showed a lot of confidence in some stocks as they added substantially to LITHIA MTRS INC (LAD), HONDA MOTOR LTD (HMC) and ANTERO RESOURCES CORP (AR).

HITE Hedge Asset Management LLC Annual Return Estimates Vs S&P 500

Our best estimate is that HITE Hedge Asset Management LLC made a return of -0.73% in the last quarter. In trailing 12 months, it's portfolio return was -0.99%.

New Buys

Ticker	$ Bought
veren inc	65,155,100
nextera energy inc	25,800,600
nxp semiconductors n v	13,444,900
cenovus energy inc	11,568,800
range res corp	11,507,600
archrock inc	10,939,400
matador res co	10,525,700
bkv corp	9,406,690

New stocks bought by HITE Hedge Asset Management LLC

Additions

Ticker	% Inc.
lithia mtrs inc	5,233
honda motor ltd	1,392
antero resources corp	537
hess midstream partners lp	525
exelon corp	431
coterra energy inc	406
xcel energy inc	393
ameren corp	264

Additions to existing portfolio by HITE Hedge Asset Management LLC

Reductions

Ticker	% Reduced
kinetik holdings inc	-97.19
berry corp	-90.52
general mtrs co	-86.58
murphy oil corp	-77.22
clearway energy inc	-76.08
aurora innovation inc	-69.95
cms energy corp	-64.77
gulfport energy operating co	-55.68

HITE Hedge Asset Management LLC reduced stake in above stock

Sold off

Ticker	$ Sold
talos energy inc	-30,939,100
kodiak gas svcs inc	-21,279,200
array technologies inc	-7,569,910
comstock res inc	-6,544,160
aes corp	-10,542,000
dana inc	-5,267,110
bp plc	-12,474,200
ishares inc	-9,594,500

HITE Hedge Asset Management LLC got rid off the above stocks

Sector Distribution

HITE Hedge Asset Management LLC has about 34.8% of it's holdings in Utilities sector.

Sector	%
Utilities	34.8
Energy	31.7
Others	20.2
Consumer Cyclical	9.9
Technology	2.3

Market Cap. Distribution

HITE Hedge Asset Management LLC has about 42.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	42.6
MID-CAP	34.5
UNALLOCATED	20.2
SMALL-CAP	1.8

Stocks belong to which Index?

About 61.2% of the stocks held by HITE Hedge Asset Management LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	42.3
Others	38.8
RUSSELL 2000	18.9

Top 5 Winners (%)		%
AUR	aurora innovation inc	70.9 %
HYLN	hyliion holdings corp	33.1 %
EVGO	evgo inc	28.8 %
GPI	group 1 automotive inc	25.2 %
ETR	entergy corp new	17.7 %

Top 5 Winners ($)		$
CMS	cms energy corp	8.5 M
ETR	entergy corp new	8.1 M
NI	nisource inc	7.1 M
POR	portland gen elec co	6.8 M
DTE	dte energy co	6.0 M

Top 5 Losers (%)		%
NFE	new fortress energy inc	-51.2 %
CRMT	americas car-mart inc	-30.4 %
CIVI	civitas resources inc	-24.2 %
CHRD	chord energy corporation	-21.9 %
ACHR	archer aviation inc	-20.9 %

Top 5 Losers ($)		$
NFE	new fortress energy inc	-35.9 M
CHRD	chord energy corporation	-8.5 M
CIVI	civitas resources inc	-4.7 M
OVV	ovintiv inc	-3.3 M
COP	conocophillips	-2.7 M

HITE Hedge Asset Management LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC has 85 stocks in it's portfolio. About 40% of the portfolio is in top 10 stocks. NFE proved to be the most loss making stock for the portfolio. CMS was the most profitable stock for HITE Hedge Asset Management LLC last quarter.

Last Reported on: 14 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACHR	archer aviation inc	0.07	190,600	577,518	new

ADNT	adient plc	0.95	367,014	8,283,510	reduced	-28.42

AEE	ameren corp	1.75	173,771	15,198,000	added	264

AES	aes corp	0.00	0.00	0.00	sold off	-100

AGNG	global x fds	0.03	5,142	243,062	new

ALCC	oklo inc	2.27	2,441,630	19,752,800	reduced	-37.72

ALLY	ally finl inc	0.20	48,328	1,719,990	new

ALV	autoliv inc	1.45	135,424	12,644,500	added	32.85

AM	antero midstream corp	0.34	194,683	2,929,980	added	184

APA	apa corporation	0.83	295,916	7,238,100	new

APTV	aptiv plc	0.56	67,159	4,836,120	added	8.00

AR	antero resources corp	3.14	954,685	27,351,700	added	537

AROC	archrock inc	1.26	540,482	10,939,400	new

ARRY	array technologies inc	0.00	0.00	0.00	sold off	-100

ASH	ashland inc	0.30	29,576	2,572,220	added	137

ASTL	algoma stl group inc	0.11	92,646	947,769	added	7.92

AUR	aurora innovation inc	0.12	182,602	1,081,000	reduced	-69.95

AXTA	axalta coating sys ltd	0.00	0.00	0.00	sold off	-100

BRY	berry corp	0.05	82,665	424,898	reduced	-90.52

BWA	borgwarner inc	1.21	290,317	10,535,600	added	28.35