Approach Resources Inc.
AREX
AREX was delisted on the 11th of November, 2019.
156 hedge funds and large institutions have $272M invested in Approach Resources Inc. in 2014 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 53 increasing their positions, 40 reducing their positions, and 20 closing their positions.
115% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 20
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
33% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 40
16% more funds holding
Funds holding: 134 → 156 (+22)
54% less capital invested
Capital invested by funds: $596M → $272M (-$324M)
65% less call options, than puts
Call options by funds: $4.75M | Put options by funds: $13.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$13.7M |
| 2 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
+$11.7M |
| 3 |
CSC
Cove Street Capital
El Segundo,
California
|
+$9.58M |
| 4 |
Goldman Sachs
New York
|
+$7.33M |
| 5 |
RIM
RS Investment Management
San Francisco,
California
|
+$7.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$34.9M |
| 2 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
-$19.2M |
| 3 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$11.3M |
| 4 |
MG
Mitchell Group
Houston,
Texas
|
-$8.29M |
| 5 |
JP Morgan Chase
New York
|
-$8.06M |
AREX Hedge Fund Activity: Q4 2014 in Review
156 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Approach Resources Inc. (AREX) for Q4 2014, worth a combined $272M — down 54% from $596M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new AREX positions and 20 closed out — a net gain of 23 holders — while 53 added to existing stakes and 40 trimmed.
The largest buyer was State Street, adding an estimated $13.7M. The largest seller was Bank of Montreal, cutting an estimated $34.9M.
- 156 institutional investors held Approach Resources Inc. (AREX) as of Q4 2014, up from 134 in Q3 2014.
- Funds reported $272M of Approach Resources Inc. stock for Q4 2014, down 54% quarter-over-quarter.
- 43 funds opened new Approach Resources Inc. positions in Q4 2014 and 20 closed out, a net change of +23 holders.
- The largest Approach Resources Inc. buyer in Q4 2014 was State Street, an estimated $13.7M added.
- The largest Approach Resources Inc. seller in Q4 2014 was Bank of Montreal, an estimated $34.9M sold.
Based on aggregated 13F filings for Q4 2014.