Global X (HESM) discloses 7.06M Class A shares, 5.5% ownership

Rhea-AI Filing Summary

Hess Midstream LP ownership disclosure: Global X Management Company LLC reported beneficial ownership of 7,058,116 Class A shares, representing 5.5% of the Class A limited partner interests as of 03/31/2026. The filing uses the Schedule 13G passive-investor format.

The filing states GXMC has sole voting and dispositive power over the reported 7,058,116 shares. It also notes that certain investment companies managed by GXMC have the right to receive dividends or sale proceeds related to these shares. The signature block is dated 05/15/2026.

Insights

Institutional Ownership Analyst

GXMC reports a passive 5.5% stake in Hess Midstream as of 03/31/2026.

Global X Management Company LLC filed a Schedule 13G reporting beneficial ownership of 7,058,116 Class A shares, representing 5.5% of the class. The filing indicates sole voting and dispositive power for GXMC over those shares.

Ownership is disclosed in the context of certain investment companies managed by GXMC that may receive dividends or sale proceeds. The filing is passive in form; any future active changes would require different reporting. Subsequent filings would show changes to the position.

Key Figures

Reported shares beneficially owned: 7,058,116 shares Percent of class: 5.5% Reporting form: Schedule 13G +2 more

5 metrics

Reported shares beneficially owned 7,058,116 shares Class A shares representing limited partner interests, as of 03/31/2026

Percent of class 5.5% Percentage of Class A limited partner interests reported on Schedule 13G

Reporting form Schedule 13G Passive institutional ownership disclosure

CUSIP 428103105 Class A shares CUSIP for Hess Midstream

Signature date 05/15/2026 Date on filing signature by Ryan O'Connor

Key Terms

Schedule 13G, beneficially owned, Class A shares representing limited partner interests, Investment Company Act of 1940

4 terms

Schedule 13G regulatory

"The header indicates the filing type used to report passive beneficial ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Item 4(a) references the amount 'beneficially owned' and related voting/dispositive powers"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Class A shares representing limited partner interests market

"Title of class of securities reported in Item 2(d)"

Investment Company Act of 1940 regulatory

"Note about investment companies registered under Section 8 and their shareholders"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Hess Midstream LP

(Name of Issuer)

Class A shares representing limited partner interests

(Title of Class of Securities)

428103105

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 428103105

1

Names of Reporting Persons

Global X Management CO LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,058,116.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,058,116.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,058,116.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: See Item 4 of this Filing

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hess Midstream LP
(b)	Address of issuer's principal executive offices: 1400 Smith Street, Houston, Texas, 77002
Item 2.
(a)	Name of person filing: Global X Management Company LLC ("GXMC")
(b)	Address or principal business office or, if none, residence: 605 3rd Avenue, 43rd Floor New York, NY 10158
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A shares representing limited partner interests
(e)	CUSIP Number(s): 428103105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information in items 1 and 5 through 11 on the cover page (p. 2) on Schedule 13G is hereby incorporated by reference.
(b)	Percent of class: 5.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7,058,116.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7,058,116.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Certain investment companies registered under Section 8 of the Investment Company Act of 1940 managed by GXMC have the right to receive any dividends from, or the proceeds from the sale of, the securities reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Global X Management CO LLC

Signature:	/s/ Ryan O'Connor
Name/Title:	Ryan O'Connor, Chief Executive Officer
Date:	05/15/2026

FAQ

What stake does Global X Management (HESM) report?

Global X Management reports beneficial ownership of 7,058,116 Class A shares, equal to 5.5% of the Class A limited partner interests as of 03/31/2026. The position is disclosed on a Schedule 13G filing.

Does GXMC control voting or disposition of the shares?

The filing states GXMC has sole voting power and sole dispositive power over the 7,058,116 shares. It reports zero shared voting or dispositive power in the cover-page entries.

Are the shares held for other clients or funds?

Yes. The filing notes that certain investment companies managed by GXMC have the right to receive dividends or proceeds from sale related to these securities, indicating holdings on behalf of managed funds.

What form was used to report this ownership and why does it matter?

GXMC filed a Schedule 13G, which is used by passive institutional investors to report holdings. This indicates the filer states a passive intent rather than an active acquisition purpose.

What are the key dates in the filing for HESM?

The ownership position is reported as of 03/31/2026 and the filing bears a signature date of 05/15/2026 by GXMC's CEO, Ryan O'Connor, per the cover information.