SCHEDULE 13G/A: ALPS Advisors and Alerian MLP ETF Disclose Significant Stakes in Hess Midstream LP

ALPS Advisors, Inc. and its advised fund, Alerian MLP ETF, have disclosed beneficial ownership exceeding 10% and 9% respectively in Hess Midstream LP's common units as of March 31, 2025.

Summary

• ALPS Advisors, Inc. reported beneficial ownership of 26,356,221 common units of Hess Midstream LP, representing 10.12% of the class.
• Alerian MLP ETF, an investment company advised by ALPS Advisors, Inc., reported beneficial ownership of 25,955,002 common units, representing 9.97% of the class.
• Both reporting entities share voting and dispositive power over their respective holdings.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• ALPS Advisors, Inc. explicitly disclaims beneficial ownership of the securities held by the funds it advises.

Sentiment

Score: 7

Explanation: The disclosure of significant beneficial ownership by a reputable investment advisor and a specialized ETF suggests that Hess Midstream LP's common units are a notable component of institutional portfolios focused on the midstream energy sector. This indicates a degree of institutional confidence or strategic inclusion.

Positives

• Significant institutional ownership by ALPS Advisors, Inc. and Alerian MLP ETF, indicating inclusion in their investment strategies.
• The holdings are for investment purposes in the ordinary course of business, not for control, suggesting a stable, passive investment.

Risks

• No specific operational or financial risks of Hess Midstream LP are disclosed in this ownership filing. The inherent risk related to such a filing is the potential for future large block sales by these institutional investors, which could impact the share price.

Future Outlook

NA

Industry Context

This Schedule 13G filing highlights that Hess Midstream LP's common units are a significant holding for a specialized Master Limited Partnership (MLP) focused ETF and its investment advisor. This suggests that Hess Midstream LP is considered a relevant component within the midstream energy sector for institutional investors focusing on income-generating assets or specific energy infrastructure exposure. Such disclosures provide transparency into the institutional investor landscape for the company.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holders, which can influence market perception and liquidity. The presence of large institutional investors can sometimes provide a degree of stability to the share price.

Key Dates

Keywords

Hess Midstream LP, HESM, ALPS Advisors, Alerian MLP ETF, Schedule 13G, beneficial ownership, common units, limited partner interests, institutional ownership, SEC filing, investment adviser, investment company, midstream, energy infrastructure