DFX Intelligence

Allocator Intelligence

The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.

Corporate pension

Hess Corporation Employees' Pension Plan

Corporate pensionHouston, TX
Assets
$1.9B
Total assets, Dec 31, 2024 reported
Funded
103.9%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
32
none on the tape
Plan sponsor: Hess Corporation
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
  • Non-interest-bearing cash 0.0%
  • Corporate debt instruments (other) 20.5%
  • Corporate debt instruments (preferred) 0.6%
  • U.S. Government securities 21.2%
  • Other investments 0.5%
  • Partnership/joint venture interests 24.9%
  • 103-12 investment entities 8.3%
  • Common/collective trusts 2.8%
  • Pooled separate accounts 0.7%
  • Common stock 20.1%
  • Preferred stock 0.0%
Consultants and advisers
4 firms
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on the commitment tape
From the plan’s own commitment disclosures
From Schedule C (investment management, code 28)
Commitments
32 rows, 0 dated closings
Disclosed holdings (from the plan’s performance or holdings report, as of the report date)
DateFundManagerBucketAmountVintageStatusSource
as of Dec 31, 2024LSV International Equity Trust103 12 ieLSV Int'l Value Equity TrustPublic equity$72.2M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Adams Street Part Fd-2006 US Fd, LP103 12 ieAdams Street Partners, LLCPooled vehicles$147,173 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024CF Wa Floating Rate High Income Fd103 12 ieWestern Asset ManagementFixed income$1.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Private Advisors Secondary Fd V,lp103 12 iePrivate Advisors Secondary Fund V, LPPrivate equity$29.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024CF Wa Opportunistic US High Yield103 12 ieWestern Asset Management CompanyHedge / diversifiers$1.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Western Asset Mbs Port103 12 ieWestern Asset Management CompanyPooled vehicles$9.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024NT Collective Govt Short Term Invtcollective trustNorthern Trust Collective Eafe IndeCash$52.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Adams Street Part Fd - 2006 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$43,548 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Emerging Markets Equity Group Trust103 12 ieLazard Asset Management SecuritiesPublic equity$42.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2024Principal U.S. Property Sa-Zseparate accountPrincipalReal estate$13.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023LSV International Equity Trust103 12 ieLSV Int'l Value Equity TrustPublic equity$87.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Adams Street Part Fd-2006 US Fd, LP103 12 ieAdams Street Partners, LLCPooled vehicles$1.0M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CF Wa Floating Rate High Income Fd103 12 ieWestern Asset ManagementFixed income$2.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023CF Wa Opportunistic US High Yield103 12 ieWestern Asset Management CompanyHedge / diversifiers$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Western Asset Mbs Port103 12 ieWestern Asset Management CompanyPooled vehicles$12.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023NT Collective Govt Short Term Invtcollective trustNorthern Trust Collective Eafe IndeCash$37.6M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Adams Street Part Fd - 2006 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$339,073 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Emerging Markets Equity Group Trust103 12 ieLazard Asset Management SecuritiesPublic equity$70.5M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Principal U.S. Property Sa-Zseparate accountPrincipalReal estate$52.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2023Private Advisors Secondary Fd V,lp103 12 iePrivate Advisors Secondary Fund V, LPPrivate equity$33.4M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022LSV International Equity Trust103 12 ieLSV Int'l Value Equity TrustPublic equity$106M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Adams Street Part Fd-2006 US Fd, LP103 12 ieAdams Street Partners, LLCPooled vehicles$1.1M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CF Wa Floating Rate High Income Fd103 12 ieWestern Asset ManagementFixed income$4.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Collective Russell 2000 Index Fundcollective trustNorthern Trust Collective Eafe IndePooled vehicles$10.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022CF Wa Opportunistic US High Yield103 12 ieWestern Asset Management CompanyHedge / diversifiers$2.8M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Western Asset Mbs Port103 12 ieWestern Asset Management CompanyPooled vehicles$18.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022NT Collective Govt Short Term Invtcollective trustNorthern Trust Collective Eafe IndeCash$78.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Adams Street Part Fd - 2006 Non-Us103 12 ieAdams Street Partners, LLCPublic equity$441,722 heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Emerging Markets Equity Group Trust103 12 ieLazard Asset Management SecuritiesPublic equity$103M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Principal U.S. Property Sa-Zseparate accountPrincipalReal estate$64.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Emerging Markets Trust103 12 ieMorgan Stanely Investment ManagementPublic equity$97.3M heldDisclosed holdingaskebsa.dol.gov
as of Dec 31, 2022Private Advisors Secondary Fd V,lp103 12 iePrivate Advisors Secondary Fund V, LPPrivate equity$34.2M heldDisclosed holdingaskebsa.dol.gov
Size and funding
33 readings
Total assets
$1.9B Dec 31, 2024 reported Form 5500
$1.9B (2023-12) · $2.0B (2022-12)
Plan assets
$1.9B Jan 1, 2024 reported Form 5500
$1.9B (2023-01) · $2.4B (2022-01)
Net assets
$1.9B Dec 31, 2024 reported Form 5500
$1.9B (2023-12) · $1.9B (2022-12)
Funded ratio
103.9% Jan 1, 2024 reported Form 5500
103.0% (2023-01) · 123.7% (2022-01)
Funding target
$1.2B Jan 1, 2024 reported Form 5500
$1.3B (2023-01) · $1.4B (2022-01)
Discount rate
5.20% Jan 1, 2024 reported Form 5500
5.36% (2023-01) · 5.51% (2022-01)
Participants
6,467 Jan 1, 2024 reported Form 5500
8,242 (2023-01) · 9,415 (2022-01)
Contributions
$0 Dec 31, 2024 reported Form 5500
$0 (2023-12) · $0 (2022-12)
Benefits paid
$67.0M Dec 31, 2024 reported Form 5500
$204M (2023-12) · $233M (2022-12)
Net investment income
$-18.3M Dec 31, 2024 reported Form 5500
$-40.0M (2023-12) · $-581M (2022-12)
Investment management fees
$5.0M Dec 31, 2024 reported Form 5500
$5.4M (2023-12) · $6.4M (2022-12)
Form 5500 filings
3 plan years
Plan yearParticipantsAssets (SB market)Funding targetFTAPTotal assets (H)Partnerships / JVMaster trustReal estate
2024 to Dec 31, 20246,467$1.9B$1.2B103.9%$1.9B$466Mn/an/a
2023 to Dec 31, 20238,242$1.9B$1.3B103.0%$1.9B$481Mn/an/a
2022 to Dec 31, 20229,415$2.4B$1.4B123.7%$2.0B$450Mn/an/a
Service providers and investment entities as filed (Schedule C and D, latest year first)
What changed
8 events
  • Dec 31, 2024Manager relationship endedinference
    Wedge Capital Management LLP no longer appears on Hess Corporation Employees' Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Wedge Capitalaskebsa.dol.gov
  • Dec 31, 2024Consultant changedinference
    Morgan Stanley no longer appears on Hess Corporation Employees' Pension Plan's Schedule C as general consultant (plan year 2024 vs 2023)
    with Morgan Stanley Smith Barney, LLCaskebsa.dol.gov
  • Dec 31, 2024Manager relationship endedinference
    Timessquare Capital Management, LLC no longer appears on Hess Corporation Employees' Pension Plan's Schedule C as investment manager (plan year 2024 vs 2023)
    with Timessquare Capital Management, LLCaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Hess Corporation Employees' Pension Plan no longer reports Emerging Markets Trust (last held $97M at 2022-12-31; absent from the 2023-12-31 filing)
    with Morgan Stanley Emerging Markets Fdaskebsa.dol.gov
  • Dec 31, 2023Holding endedinference
    Hess Corporation Employees' Pension Plan no longer reports Collective Russell 2000 Index Fund (Northern Trust Collective Eafe Inde) (last held $11M at 2022-12-31; absent from the 2023-12-31 filing)
    with Northern Trust Collective Eafe Indeaskebsa.dol.gov
  • Dec 31, 2023Manager relationship started
    Wellington Management Company LLP appears on Hess Corporation Employees' Pension Plan's Schedule C as investment manager (plan year 2023 vs 2022)
    with Wellington Managementaskebsa.dol.gov
  • Jan 1, 2023Funded status changed
    Hess Corporation Employees' Pension Plan funded ratio 123.7% -> 103.0% (2022-01-01 to 2023-01-01)
    askebsa.dol.gov
  • Jan 1, 2023Assets changed
    Hess Corporation Employees' Pension Plan plan assets $2.4B -> $1.9B (-21.2%, 2022-01-01 to 2023-01-01)
    askebsa.dol.gov
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 134921002-333
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 16, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.