Approach Resources Inc.
AREX
AREX was delisted on the 11th of November, 2019.
76 hedge funds and large institutions have $53.5M invested in Approach Resources Inc. in 2017 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 17 reducing their positions, and 16 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 17
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 80 → 76 (-4)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
25% less capital invested
Capital invested by funds: $70.9M → $53.5M (-$17.4M)
79% less call options, than puts
Call options by funds: $443K | Put options by funds: $2.08M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NGA
New Generation Advisors
Manchester,
Massachusetts
|
+$5.59M |
| 2 |
Morgan Stanley
New York
|
+$458K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$330K |
| 4 |
BlackRock
New York
|
+$310K |
| 5 |
VF
Virtu Financial
New York
|
+$246K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$1.93M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.14M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$1.1M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$910K |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$625K |
AREX Hedge Fund Activity: Q3 2017 in Review
76 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Approach Resources Inc. (AREX) for Q3 2017, worth a combined $53.5M — down 25% from $70.9M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of AREX and 13 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 24 added.
The largest buyer was New Generation Advisors, opening a new position worth an estimated $5.59M. The largest seller was Portolan Capital Management, exiting entirely with an estimated $1.93M sold.
- 76 institutional investors held Approach Resources Inc. (AREX) as of Q3 2017, down from 80 in Q2 2017.
- Funds reported $53.5M of Approach Resources Inc. stock for Q3 2017, down 25% quarter-over-quarter.
- 13 funds opened new Approach Resources Inc. positions in Q3 2017 and 16 closed out, a net change of -3 holders.
- The largest Approach Resources Inc. buyer in Q3 2017 was New Generation Advisors, an estimated $5.59M added.
- The largest Approach Resources Inc. seller in Q3 2017 was Portolan Capital Management, an estimated $1.93M sold.
Based on aggregated 13F filings for Q3 2017.