HITE Hedge Asset Management LLC
Long book
$1.77B
Q1 2026
Positions
125
Top-10 weight
42%
concentration
Last quarter
-0.3%
SPY +14.8%
Turnover
51%
of book per quarter
Strategy in plain words
auto-generated from filingsHITE Hedge Asset Management LLC is a diversified fundamental manager, running a $1.77B US long book across 125 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: PORTLAND GENERAL ELECTRIC CO, TAMBORAN RESOURCES CORP, XCEL ENERGY INC, ENTERGY CORP, DTE ENERGY COMPANY.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-4.6%
Q2 2024
-1.0%
Q3 2024
+8.6%
Q4 2024
+4.6%
Q1 2025
+2.2%
Q2 2025
+9.2%
Q3 2025
-0.6%
Q4 2025
+17.8%
Q1 2026
-0.3%
Sector allocation
Utilities 46%
Energy 26%
Industrials 11%
Other 5%
Consumer discretionary 4%
Technology 3%
Materials 3%
Financials 1%
Long book by quarter
What does HITE Hedge own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| POR PORTLAND GENERAL ELECTRIC CO | Utilities | 2.7M | $142.0M | 8.0% | +1.4% |
| TBN TAMBORAN RESOURCES CORP | Energy | 2.1M | $103.8M | 5.9% | +1.9% |
| XEL XCEL ENERGY INC | Utilities | 1.2M | $92.2M | 5.2% | -30.5% |
| ETR ENTERGY CORP | Utilities | 763.1K | $85.7M | 4.8% | -28.2% |
| DTE DTE ENERGY COMPANY | Utilities | 511.4K | $74.8M | 4.2% | +8.5% |
| CTRA COTERRA ENERGY INC | — | 1.9M | $65.6M | 3.7% | +55.2% |
| AEE AMEREN CORPORATION | Utilities | 422.3K | $46.4M | 2.6% | -24.3% |
| FANG DIAMONDBACK ENERGY INC | Energy | 219.7K | $43.5M | 2.5% | New |
| AEP AMERICAN ELECTRIC POWER | Utilities | 326.4K | $42.8M | 2.4% | +17.5% |
| NI NISOURCE INC | Utilities | 877.4K | $40.9M | 2.3% | -38.2% |
| EVRG EVERGY INC | Utilities | 480.9K | $39.4M | 2.2% | -18.0% |
| EXE EXPAND ENERGY CORP | Energy | 351.4K | $38.6M | 2.2% | +963.0% |
| CHRD CHORD ENERGY CORP | Energy | 260.1K | $37.0M | 2.1% | +5.3% |
| ADNT ADIENT PLC | Industrials | 1.8M | $36.3M | 2.1% | -6.6% |
| LNT ALLIANT ENERGY CORP | Utilities | 449.6K | $32.3M | 1.8% | -10.2% |
| MDU MDU RESOURCES GROUP INC | Materials | 1.6M | $32.1M | 1.8% | +124.6% |
| GPOR GULFPORT ENERGY CORP | Energy | 148.2K | $31.4M | 1.8% | +411.4% |
| VNOM VIPER ENERGY INC-CL A | Energy | 628.0K | $29.5M | 1.7% | -13.5% |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 974.6K | $28.5M | 1.6% | New |
| ED CONSOLIDATED EDISON INC | Utilities | 250.0K | $28.3M | 1.6% | New |
| WMB WILLIAMS COS INC | Utilities | 385.0K | $28.0M | 1.6% | New |
| BETA BETA TECHNOLOGIES INC -CL A | Industrials | 1.9M | $27.9M | 1.6% | +209.8% |
| F FORD MOTOR CO | Industrials | 2.4M | $27.5M | 1.6% | +64.0% |
| BKV BKV CORPORATION | Energy | 855.5K | $24.4M | 1.4% | -14.5% |
| KRSP RICE ACQUISITION CORP 3-A | Financials | 2.3M | $23.7M | 1.3% | Held |
| KNTK KINETIK HOLDINGS INC | Utilities | 460.9K | $22.3M | 1.3% | New |
| FE FIRSTENERGY CORP | Utilities | 384.5K | $19.5M | 1.1% | +14.9% |
| APH AMPHENOL CORP-CL A | Technology | 146.9K | $18.6M | 1.0% | +1145.6% |
| SU SUNCOR ENERGY INC | Energy | 270.7K | $17.9M | 1.0% | -61.3% |
| EE EXCELERATE ENERGY INC-A | Utilities | 528.0K | $17.6M | 1.0% | +175.1% |
| AM ANTERO MIDSTREAM CORP | Utilities | 765.0K | $17.4M | 1.0% | New |
| IFF INTL FLAVORS & FRAGRANCES | Other | 229.6K | $16.7M | 0.9% | +50.4% |
| PPL PPL CORP | Utilities | 394.4K | $15.1M | 0.9% | Held |
| CNM CORE & MAIN INC-CLASS A | Consumer discretionary | 303.6K | $15.0M | 0.8% | New |
| ADP AUTOMATIC DATA PROCESSING | Technology | 70.6K | $14.3M | 0.8% | New |
| ABG ASBURY AUTOMOTIVE GROUP | Consumer discretionary | 66.8K | $13.0M | 0.7% | +95.9% |
| MUR MURPHY OIL CORP | Energy | 301.7K | $12.4M | 0.7% | New |
| CRGY CRESCENT ENERGY INC-A | Energy | 875.2K | $11.8M | 0.7% | -67.3% |
| SOC SABLE OFFSHORE CORP | Energy | 714.3K | $11.8M | 0.7% | New |
| RAL RALLIANT CORP | Technology | 274.3K | $11.4M | 0.6% | +94.0% |
| GPI GROUP 1 AUTOMOTIVE INC | Consumer discretionary | 33.7K | $11.2M | 0.6% | -4.3% |
| GM GENERAL MOTORS CO | Industrials | 146.5K | $10.9M | 0.6% | -19.7% |
| BTE BAYTEX ENERGY CORP | Energy | 2.3M | $10.4M | 0.6% | -29.7% |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 484.0K | $10.3M | 0.6% | New |
| VST VISTRA CORP | Utilities | 67.8K | $10.2M | 0.6% | New |
| TRGP TARGA RESOURCES CORP | Utilities | 40.2K | $10.1M | 0.6% | New |
| CVE CENOVUS ENERGY INC | Energy | 379.7K | $10.1M | 0.6% | New |
| VLO VALERO ENERGY CORP | Energy | 39.8K | $9.8M | 0.6% | New |
| IDR IDAHO STRATEGIC RESOURCES IN | Materials | 297.1K | $9.5M | 0.5% | +223.2% |
| NRG NRG ENERGY INC | Utilities | 65.0K | $9.5M | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 126 | $1.77B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 121 | $1.57B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 115 | $1.84B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 111 | $1.74B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 107 | $1.61B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 98 | $1.37B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 85 | $870.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 98 | $1.02B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 86 | $998.1M | canonical | SEC ↗ |
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