Exchange Traded Concepts Boosts Stake in Hess Midstream Partners

Asset manager increases holdings in midstream energy company by over 34%

Mar. 31, 2026 at 8:03am

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Exchange Traded Concepts LLC, an investment management firm, has increased its stake in Hess Midstream Partners LP (NYSE: HESM) by 34.2% during the fourth quarter of 2025, according to a recent SEC filing. The firm now owns approximately 176,980 shares of the midstream energy company, valued at around $6.1 million.

Why it matters

Hess Midstream Partners is a key player in the Bakken Shale region, operating critical infrastructure like crude oil gathering and transportation systems, natural gas processing plants, and produced water disposal facilities. The increase in Exchange Traded Concepts' stake suggests continued institutional investor confidence in the company's long-term prospects.

The details

According to the SEC filing, Exchange Traded Concepts purchased an additional 45,116 shares of Hess Midstream Partners during the fourth quarter, bringing its total ownership to approximately 0.09% of the company's outstanding shares. This follows a broader trend of institutional investors increasing their positions in Hess Midstream, with firms like Invesco Ltd. and JPMorgan Chase & Co. also boosting their stakes in recent quarters.

  • Exchange Traded Concepts filed the 13F report disclosing the increased stake on March 31, 2026.
  • The firm's position was as of the end of the fourth quarter of 2025.

The players

Exchange Traded Concepts LLC

An investment management firm that provides exchange-traded fund (ETF) solutions and services.

Hess Midstream Partners LP

A midstream energy partnership that owns and operates crude oil, natural gas, and produced water infrastructure in the Williston Basin, primarily serving producers in the Bakken Shale region.

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The takeaway

The increased stake by Exchange Traded Concepts in Hess Midstream Partners reflects ongoing institutional investor confidence in the midstream company's ability to capitalize on the continued development of the Bakken Shale region. As a key infrastructure provider, Hess Midstream's performance is closely tied to upstream production trends in the basin.