The Changing Face of Hedge Fund Holdings: HITE Hedge Asset Management LLC Q3 2022 vs. Q4 2022

Over the past few months, HITE Hedge Asset Management LLC saw significant changes in their holdings. In the third quarter of 2022, the fund held shares in companies such as Entergy Corp, Nisource Inc, DTE Energy Co, and more. However, by the fourth quarter, the company's holdings looked quite different.

Let's take a closer look at the changes made to HITE Hedge Asset Management LLC's holdings and what this could mean for the future of the fund.

Main Body:

Entergy Corp:

During Q3 2022, HITE Hedge Asset Management LLC held 1,008,646 shares in Entergy Corp. However, by Q4 2022, the fund increased its holdings to 1,069,788 shares, an 18.6% increase. The value of the fund's holdings also rose from $101,500 to $120,351.

Nisource Inc:

Similarly, HITE Hedge Asset Management LLC saw an increase in its holdings of Nisource Inc. The fund's shares increased from 3,940,727 to 4,002,784, resulting in a 10.6% increase. The value of the fund's holdings also rose from $99,267 to $109,756.

DTE Energy Co:

One of the most significant changes made by HITE Hedge Asset Management LLC was its holdings in DTE Energy Co. In Q3 2022, the fund held 306,781 shares in the company. However, by Q4 2022, the fund increased its holdings to 742,036 shares, resulting in a massive 147.1% increase. The value of the fund's holdings also increased significantly, from $35,295 to $87,211.

Ovintiv Inc:

While many companies saw an increase in the fund's holdings, Ovintiv Inc saw a significant decrease. The fund's shares decreased from 1,761,643 to 1,296,647, resulting in an 18.9% decrease. The value of the fund's holdings also decreased from $81,036 to $65,752.

Targa Res Corp:

Another significant decrease in holdings was seen in Targa Res Corp. HITE Hedge Asset Management LLC held 1,390,125 shares in Q3 2022. However, by Q4 2022, the fund decreased its holdings to 815,812 shares, resulting in a 28.5% decrease. The value of the fund's holdings also decreased from $83,880 to $59,962.

Conclusion:

HITE Hedge Asset Management LLC made significant changes to its holdings in Q4 2022 compared to Q3 2022. While the fund saw an increase in some companies' holdings, it also saw a significant decrease in others. However, it's essential to note that these changes may not be indicative of a long-term investment strategy. Nonetheless, the changes could reflect the fund's outlook on specific industries or the market.

As always, it's essential to conduct thorough research and analysis before making any investment decisions. Understanding the market and the companies you're investing in can help you make informed decisions and mitigate risks.