HITE Hedge Asset Management LLC

CIK 0001568939 · Q1 2026

13F Equity AUM

$1.8B

+13.0% QoQ

Positions

126

+5 QoQ

AUM Rank

#1,929

Top 16%

Skill Alpha (FF)

-8.7%/yr^ns

No Clear Edge

Rank #7,893 · Top 96%

vs S&P -16.8%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 28.1%Top 10: 41.6%Top 20: 60.5%

POR8.0%

TBN5.9%

XEL5.2%

ETR4.8%

DTE4.2%

CTRA3.7%

AEE2.6%

FANG2.5%

AEP2.4%

NI2.3%

Others (116)58.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Utilities40.4%

Energy34.4%

Consumer Cyclical8.0%

Industrials7.4%

Unclassified3.4%

Basic Materials2.5%

Other3.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 126Median: 0.29%Avg: 0.79%

0–0.5%

74(11.8%)

0.5–1%

23(15.9%)

1–3%

23(40.5%)

3–5%

3(12.8%)

5%+

3(19.1%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 121Unique: 5vs 20 funds

1.7%Low

126

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

2.2%

BlackRock, Inc.

2.9%

BANK OF AMERICA CORP /DE/

2.3%

STATE STREET CORP

3.2%

VANGUARD CAPITAL MANAGEMENT LLC

3.2%

GEODE CAPITAL MANAGEMENT, LLC

3.1%

JPMORGAN CHASE & CO

2.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.4%

FMR LLC

3.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New45Increased33Decreased36Exited40

New Positions

FANG2.5%

+220K

FORGENT POWER SOLUTI…1.6%

+975K

ED1.6%

+250K

WMB1.6%

+385K

KNTK1.3%

+461K

AM1.0%

+765K

CNM0.8%

+304K

ADP0.8%

+71K

YPF0.7%

+277K

MUR0.7%

+302K

Increased

NPWR0.2%

+2.0M(+269%)

BETA1.6%

+1.3M(+210%)

INVZW0.1%

+1.2M(+99%)

EVGO0.3%

+1.1M(+66%)

F1.6%

+931K(+64%)

MDU1.8%

+860K(+125%)

CTRA3.7%

+664K(+55%)

EE1.0%

+336K(+175%)

EXE2.2%

+318K(+963%)

STLA0.4%

+310K(+39%)

Decreased

CRGY0.7%

-1,803,032(-67%)

AREC0.1%

-1,582,047(-68%)

BTE0.6%

-983,875(-30%)

EQT0.0%

-816,383(-99%)

OVV0.2%

-728,068(-92%)

NESR0.4%

-626,008(-68%)

NI2.3%

-543,388(-38%)

XEL5.2%

-508,644(-30%)

EVEX0.0%

-504,764(-82%)

SU1.0%

-428,008(-61%)

Exited

MGY

-1,454,388

-280,391

-217,384

-143,546

-34,025

-59,944

-182,218

-92,298

-231,116

-67,790

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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