Hite Hedge Asset Management 13F annual report

Hite Hedge Asset Management is an investment fund managing more than $1.01 trillion ran by Howard Rubin. There are currently 93 companies in Mr. Rubin’s portfolio. The largest investments include New Fortress and Portland Gen Elec Co, together worth $134 billion.

Limited to 30 biggest holdings

$1.01 trillion Assets Under Management (AUM)

As of 7th August 2024, Hite Hedge Asset Management’s top holding is 3,192,129 shares of New Fortress currently worth over $70.2 billion and making up 6.9% of the portfolio value. Relative to the number of outstanding shares of New Fortress, Hite Hedge Asset Management owns more than approximately 0.1% of the company. In addition, the fund holds 1,485,099 shares of Portland Gen Elec Co worth $64.2 billion. The third-largest holding is Gulfport worth $60.7 billion and the next is CMS worth $60.1 billion, with 1,009,193 shares owned.

Currently, Hite Hedge Asset Management's portfolio is worth at least $1.01 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Hite Hedge Asset Management

The Hite Hedge Asset Management office and employees reside in Quincy, Massachusetts. According to the last 13-F report filed with the SEC, Howard Rubin serves as the Chief Operating Officer at Hite Hedge Asset Management.

Recent trades

In the most recent 13F filing, Hite Hedge Asset Management revealed that it had opened a new position in Gulfport and bought 402,281 shares worth $60.7 billion. This means they effectively own approximately 0.1% of the company. Gulfport makes up 24.7% of the fund's Energy sector allocation and has grown its share price by 24.4% in the past year.

The investment fund also strengthened its position in New Fortress by buying 2,653,917 additional shares. This makes their stake in New Fortress total 3,192,129 shares worth $70.2 billion. New Fortress dropped 50.4% in the past year.

On the other hand, there are companies that Hite Hedge Asset Management is getting rid of from its portfolio. Hite Hedge Asset Management closed its position in Diamondback Inc on 14th August 2024. It sold the previously owned 405,937 shares for $55.5 billion. Howard Rubin also disclosed a decreased stake in NiSource Inc by 0.6%. This leaves the value of the investment at $46.6 billion and 1,617,919 shares.

One of the average hedge funds

The two most similar investment funds to Hite Hedge Asset Management are Washington Trust Bank and Nantahala Capital Management. They manage $1.01 trillion and $1.01 trillion respectively.


Howard Rubin investment strategy

Hite Hedge Asset Management’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Utilities — making up 30.0% of the total portfolio value. The fund focuses on investments in the United States as 54.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 32% of the total holdings value. On the other hand, small-cap stocks make up only 1.1% of the portfolio. The average market cap of the portfolio companies is close to $47.7 billion.

The complete list of Hite Hedge Asset Management trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
New Fortress Energy LLC
493.10%
3,192,129
$70,162,995,000 6.93%
Portland Gen Elec Co
88.22%
1,485,099
$64,215,681,000 6.35%
Gulfport Energy Corp.
Opened
402,281
$60,744,431,000 6.00%
CMS Energy Corporation
151.24%
1,009,193
$60,077,259,000 5.94%
Diamondback Energy Inc
Closed
405,937
$55,524,063,000
NiSource Inc
59.58%
1,617,919
$46,612,246,000 4.61%
Entergy Corp.
59.96%
428,323
$45,830,561,000 4.53%
Conocophillips
149.57%
348,299
$39,838,440,000 3.94%
DTE Energy Co.
52.65%
351,332
$39,001,365,000 3.85%
Chord Energy Corporation
73.34%
217,647
$36,495,049,000 3.61%
Oklo Inc
Opened
3,920,419
$33,205,949,000 3.28%
Talos Energy Inc
Opened
2,546,425
$30,939,064,000 3.06%
Enlink Midstream LLC
Opened
2,002,935
$27,560,386,000 2.72%
Firstenergy Corp.
Closed
587,729
$24,649,354,000
Toyota Motor Corporation
293.15%
119,184
$24,429,144,000 2.41%
Northern Oil & Gas Inc Nev
Closed
776,124
$23,920,142,000
Southwestern Energy Company
Closed
3,891,972
$22,768,036,000
Murphy Oil Corp.
162.77%
545,926
$22,513,988,000 2.22%
Kodiak Gas Svcs Inc
Opened
780,600
$21,279,156,000 2.10%
SM Energy Co
Closed
605,558
$21,091,585,000
Ovintiv Inc
65.81%
443,358
$20,780,189,000 2.05%
Evergy Inc
21.47%
389,415
$20,627,313,000 2.04%
Targa Res Corp
85.96%
114,513
$14,746,984,000 1.46%
Civitas Resources Inc
22.56%
210,329
$14,512,701,000 1.43%
PDC Energy Inc
Closed
221,751
$14,076,753,000
Alliant Energy Corp.
836.77%
274,079
$13,950,621,000 1.38%
Kinetik Holdings Inc
Opened
326,989
$13,550,424,000 1.34%
Stem Inc
Closed
1,491,402
$13,333,134,000
Occidental Pete Corp
Closed
210,250
$13,243,648,000
Adient plc
Opened
512,703
$12,668,891,000 1.25%
BP plc
Opened
345,547
$12,474,247,000 1.23%
Freyr Battery
Closed
1,424,703
$12,366,422,000
Linde Plc.
Closed
35,973
$11,733,673,000
Stellantis N.V
Closed
805,983
$11,444,959,000
Autoliv Inc.
35.61%
101,934
$10,905,919,000 1.08%
HF Sinclair Corporation
Opened
204,241
$10,894,215,000 1.08%
Public Svc Enterprise Grp In
Closed
175,536
$10,755,091,000
Rice Acquisition Corp. II
Closed
1,056,927
$10,748,948,000
AES Corp.
Opened
600,000
$10,542,000,000 1.04%
Ishares Inc
Opened
267,629
$9,594,500,000 0.95%
Golar Lng
Opened
289,267
$9,068,520,000 0.90%
PBF Energy Inc
Opened
183,540
$8,446,511,000 0.83%
Transcanada Corp
Closed
200,859
$8,006,736,000
Array Technologies, Inc.
Opened
737,808
$7,569,910,000 0.75%
BorgWarner Inc
Opened
226,191
$7,292,398,000 0.72%
Axalta Coating Sys Ltd
81.54%
211,061
$7,211,954,000 0.71%
PPL Corp
70.26%
246,807
$6,824,214,000 0.67%
Tamboran Res Corp
Opened
300,000
$6,750,000,000 0.67%
Clearway Energy, Inc.
75.12%
272,257
$6,722,025,000 0.66%
National Energy Services Reu
20.86%
701,812
$6,667,214,000 0.66%
Matador Res Co
Closed
114,944
$6,579,395,000
Comstock Res Inc
Opened
630,459
$6,544,164,000 0.65%
Lear Corp.
Closed
51,559
$6,394,347,000
Corteva Inc
Opened
117,034
$6,312,814,000 0.62%
Chesapeake Energy Corp.
56.04%
70,615
$5,803,847,000 0.57%
Tpg Pace Beneficial Ii Corp
Closed
584,955
$5,747,183,000
Microsoft Corporation
5.00%
12,742
$5,695,037,000 0.56%
Berry Corp
Opened
872,447
$5,636,008,000 0.56%
DuPont de Nemours Inc
Opened
70,000
$5,634,300,000 0.56%
United States Stl Corp New
Opened
147,578
$5,578,448,000 0.55%
General Mtrs Co
Opened
117,627
$5,464,950,000 0.54%
Pembina Pipeline Corporation
83.13%
147,169
$5,459,747,000 0.54%
Plains Gp Hldgs L P
Closed
438,102
$5,449,989,000
EQT Corp
62.06%
144,592
$5,347,012,000 0.53%
Dana Inc
Opened
434,580
$5,267,110,000 0.52%
Valero Energy Corp.
Opened
31,818
$4,987,790,000 0.49%
Centerpoint Energy Inc.
46.53%
160,445
$4,970,586,000 0.49%
Antero Resources Corp
Opened
149,834
$4,889,083,000 0.48%
Spire Inc.
Closed
70,978
$4,887,545,000
RPM International, Inc.
Closed
46,814
$4,562,024,000
Aptiv PLC
Opened
62,186
$4,379,138,000 0.43%
Tetra Technologies, Inc.
Opened
1,262,476
$4,368,167,000 0.43%
Cenovus Energy Inc
Closed
221,889
$4,304,722,000
Devon Energy Corp.
46.07%
86,626
$4,106,072,000 0.41%
Rivian Automotive, Inc.
423.20%
305,626
$4,101,501,000 0.41%
Coterra Energy Inc
Opened
139,795
$3,728,333,000 0.37%
Net Power Inc
Opened
377,637
$3,712,172,000 0.37%
Bloom Energy Corp
Closed
183,348
$3,505,614,000
Group 1 Automotive, Inc.
Opened
11,707
$3,480,257,000 0.34%
Xcel Energy Inc.
79.67%
64,324
$3,435,545,000 0.34%
Ameren Corp.
85.22%
47,614
$3,385,832,000 0.33%
Liberty Energy Inc
Opened
161,493
$3,373,589,000 0.33%
Nutrien Ltd
Opened
64,169
$3,266,844,000 0.32%
Atlas Energy Solutions Inc
Opened
153,729
$3,063,819,000 0.30%
Ford Mtr Co Del
Opened
229,007
$2,871,748,000 0.28%
Huntington Ingalls Inds Inc
Opened
11,017
$2,713,818,000 0.27%
Exelon Corp.
91.38%
74,507
$2,578,687,000 0.25%
Rockwell Automation Inc
Opened
9,272
$2,552,396,000 0.25%
Canadian Nat Res Ltd
Closed
43,970
$2,441,551,000
Green Plains Inc
Closed
79,798
$2,433,839,000
Nxp Semiconductors N V
Closed
15,340
$2,424,180,000
Dt Midstream Inc
Closed
43,852
$2,423,262,000
First Reserve Sustainable Gw
Closed
238,626
$2,398,191,000
Pinnacle West Cap Corp
49.74%
25,556
$1,951,967,000 0.19%
American Axle & Mfg Hldgs In
Closed
230,451
$1,802,127,000
Diamond Offshore Drilling In
Closed
170,148
$1,769,539,000
Cars.com
Opened
89,493
$1,763,012,000 0.17%
Aurora Innovation Inc
52.26%
607,606
$1,683,069,000 0.17%
Spdr S&p 500 Etf Tr
Opened
3,000
$1,632,660,000 0.16%
Piedmont Lithium Inc
Opened
148,662
$1,483,647,000 0.15%
Americas Car Mart, Inc.
Opened
24,059
$1,448,592,000 0.14%
Algonquin Pwr Utils Corp
Closed
201,400
$1,315,609,000
Clean Energy Fuels Corp
74.85%
475,821
$1,270,442,000 0.13%
Ashland Inc
Opened
12,436
$1,175,078,000 0.12%
Phinia Inc
Opened
28,789
$1,133,135,000 0.11%
Visteon Corp.
82.04%
9,967
$1,063,479,000 0.11%
Sonic Automotive, Inc.
Opened
19,147
$1,042,937,000 0.10%
Antero Midstream Corp
Opened
68,446
$1,008,894,000 0.10%
Olin Corp.
87.00%
19,626
$925,366,000 0.09%
Transocean Ltd
Closed
194,015
$884,708,000
Automatic Data Processing In
Closed
3,400
$812,124,000
Helmerich & Payne, Inc.
Closed
15,178
$752,373,000
Hyliion Holdings Corp.
Opened
404,909
$655,953,000 0.06%
Noble Corp Plc
Opened
14,229
$635,325,000 0.06%
Algoma Stl Group Inc
81.14%
85,843
$597,467,000 0.06%
Zeekr Intelligent Technology
Opened
31,638
$596,060,000 0.06%
Ppg Inds Inc
Opened
4,456
$560,966,000 0.06%
Permian Resources Corp
Opened
34,283
$553,670,000 0.05%
Oceaneering International, Inc.
Opened
22,248
$526,388,000 0.05%
Lithia Mtrs Inc
Opened
2,018
$509,444,000 0.05%
Evgo Inc
Opened
201,902
$494,660,000 0.05%
Johnson & Johnson
Closed
2,771
$489,497,000
Eastman Chem Co
Opened
4,965
$486,421,000 0.05%
Li Auto Inc.
Opened
26,728
$477,897,000 0.05%
JPMorgan Chase & Co.
Closed
3,392
$454,867,000
Abbvie Inc
Closed
2,560
$413,722,000
Li-cycle Holdings Corp
Closed
77,827
$370,457,000
Swvl Holdings Corp
Opened
54,960
$349,546,000 0.03%
Costco Whsl Corp New
Closed
670
$305,855,000
Honda Motor
Opened
9,280
$299,187,000 0.03%
Solaris Oilfield Infrastruct
Opened
34,061
$292,243,000 0.03%
Unitedhealth Group Inc
Closed
550
$291,599,000
Lam Research Corp.
Closed
675
$283,703,000
Abbott Labs
Closed
2,400
$263,496,000
Ishares Tr
Closed
6,750
$255,825,000
Cintas Corporation
Closed
450
$203,229,000
Emerson Elec Co
Closed
2,100
$201,726,000
No transactions found
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