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.
$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 | |||
| Showing first 500 out of 137 holdings | |||
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