Approach Resources Inc.
AREX
AREX was delisted on the 11th of November, 2019.
72 hedge funds and large institutions have $73.3M invested in Approach Resources Inc. in 2016 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 31 reducing their positions, and 21 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
57% more capital invested
Capital invested by funds: $46.8M → $73.3M (+$26.5M)
9% less funds holding
Funds holding: 79 → 72 (-7)
33% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 21
55% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 31
63% less call options, than puts
Call options by funds: $282K | Put options by funds: $754K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAMNY
Marathon Asset Management (New York)
New York
|
+$2.78M |
| 2 |
SCM
Schneider Capital Management
Berwyn,
Pennsylvania
|
+$2.01M |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
+$1.62M |
| 4 |
CP
Centerbridge Partners
New York
|
+$1.19M |
| 5 |
WC
Wexford Capital
West Palm Beach,
Florida
|
+$506K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSC
Cove Street Capital
El Segundo,
California
|
-$3.27M |
| 2 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$1.14M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$815K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$763K |
| 5 |
First Manhattan
New York
|
-$726K |
AREX Hedge Fund Activity: Q3 2016 in Review
72 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Approach Resources Inc. (AREX) for Q3 2016, worth a combined $73.3M — up 57% from $46.8M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of AREX and 14 opened new positions — a net loss of 7 holders — while 31 trimmed existing stakes and 14 added.
The largest buyer was Marathon Asset Management (New York), opening a new position worth an estimated $2.78M. The largest seller was Cove Street Capital, cutting an estimated $3.27M.
- 72 institutional investors held Approach Resources Inc. (AREX) as of Q3 2016, down from 79 in Q2 2016.
- Funds reported $73.3M of Approach Resources Inc. stock for Q3 2016, up 57% quarter-over-quarter.
- 14 funds opened new Approach Resources Inc. positions in Q3 2016 and 21 closed out, a net change of -7 holders.
- The largest Approach Resources Inc. buyer in Q3 2016 was Marathon Asset Management (New York), an estimated $2.78M added.
- The largest Approach Resources Inc. seller in Q3 2016 was Cove Street Capital, an estimated $3.27M sold.
Based on aggregated 13F filings for Q3 2016.