Approach Resources Inc.
AREX
AREX was delisted on the 11th of November, 2019.
80 hedge funds and large institutions have $54.1M invested in Approach Resources Inc. in 2017 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 25 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 25
1% less call options, than puts
Call options by funds: $327K | Put options by funds: $329K
6% less funds holding
Funds holding: 85 → 80 (-5)
24% less capital invested
Capital invested by funds: $71M → $54.1M (-$16.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$6.21M |
| 2 |
BlackRock
New York
|
+$3.7M |
| 3 |
Goldman Sachs
New York
|
+$1.67M |
| 4 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$1.2M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
+$970K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Schneider Capital Management
Berwyn,
Pennsylvania
|
-$2.53M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
-$2.07M |
| 3 |
CCPM
Cooper Creek Partners Management
New York
|
-$1.93M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$1.26M |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
-$1.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
EARNEST Partners
Atlanta,
Georgia
| – | -$4K | -1,100 | Closed |
|
|
NFG
102
Next Financial Group
Houston,
Texas
| – | -$3K | -1,000 | Closed |
|
AREX Hedge Fund Activity: Q1 2017 in Review
80 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Approach Resources Inc. (AREX) for Q1 2017, worth a combined $54.1M — down 24% from $71M a quarter earlier.
Fund positioning in AREX was balanced in Q1 2017: 25 funds opened new positions, 25 closed out, 23 added to existing stakes and 15 trimmed.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $6.21M. The largest seller was Schneider Capital Management, cutting an estimated $2.53M.
- 80 institutional investors held Approach Resources Inc. (AREX) as of Q1 2017, down from 85 in Q4 2016.
- Funds reported $54.1M of Approach Resources Inc. stock for Q1 2017, down 24% quarter-over-quarter.
- 25 funds opened new Approach Resources Inc. positions in Q1 2017 and 25 closed out, a net change of 0 holders.
- The largest Approach Resources Inc. buyer in Q1 2017 was Guggenheim Capital, an estimated $6.21M added.
- The largest Approach Resources Inc. seller in Q1 2017 was Schneider Capital Management, an estimated $2.53M sold.
Based on aggregated 13F filings for Q1 2017.