Approach Resources Inc.
AREX
AREX was delisted on the 11th of November, 2019.
134 hedge funds and large institutions have $596M invested in Approach Resources Inc. in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 53 increasing their positions, 41 reducing their positions, and 28 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 41
11% less funds holding
Funds holding: 151 → 134 (-17)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
42% less capital invested
Capital invested by funds: $1.02B → $596M (-$427M)
53% less call options, than puts
Call options by funds: $6.45M | Put options by funds: $13.6M
57% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
RS Investment Management
San Francisco,
California
|
+$21.1M |
| 2 |
CSC
Cove Street Capital
El Segundo,
California
|
+$9.67M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$8.61M |
| 4 |
BFIC
Bedell Frazier Investment Counselling
Walnut Creek,
California
|
+$4.21M |
| 5 |
RA
Royce & Associates
New York
|
+$4.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JA
JVL Advisors
Houston,
Texas
|
-$35M |
| 2 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
-$26.1M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$17.7M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$10.3M |
| 5 |
FAM
Fred Alger Management
New York
|
-$9.1M |
AREX Hedge Fund Activity: Q3 2014 in Review
134 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Approach Resources Inc. (AREX) for Q3 2014, worth a combined $596M — down 42% from $1.02B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of AREX and 12 opened new positions — a net loss of 16 holders — while 41 trimmed existing stakes and 53 added.
The largest buyer was RS Investment Management, adding an estimated $21.1M. The largest seller was JVL Advisors, exiting entirely with an estimated $35M sold.
- 134 institutional investors held Approach Resources Inc. (AREX) as of Q3 2014, down from 151 in Q2 2014.
- Funds reported $596M of Approach Resources Inc. stock for Q3 2014, down 42% quarter-over-quarter.
- 12 funds opened new Approach Resources Inc. positions in Q3 2014 and 28 closed out, a net change of -16 holders.
- The largest Approach Resources Inc. buyer in Q3 2014 was RS Investment Management, an estimated $21.1M added.
- The largest Approach Resources Inc. seller in Q3 2014 was JVL Advisors, an estimated $35M sold.
Based on aggregated 13F filings for Q3 2014.