CNX Resources
248 hedge funds and large institutions have $1.55B invested in CNX Resources in 2020 Q2 according to their latest regulatory filings, with 59 funds opening new positions, 76 increasing their positions, 76 reducing their positions, and 32 closing their positions.
84% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 32
65% more capital invested
Capital invested by funds: $937M → $1.55B (+$610M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
12% more funds holding
Funds holding: 222 → 248 (+26)
1.55% more ownership
Funds ownership: 94.05% → 95.6% (+1.5%)
0% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 76
64% less call options, than puts
Call options by funds: $22.7M | Put options by funds: $63.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$51.2M |
| 2 |
ECA
Encompass Capital Advisors
New York
|
+$33.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$20.4M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$19.2M |
| 5 |
Millennium Management
New York
|
+$14.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$114M |
| 2 |
GC
Greenlight Capital
New York
|
-$43.7M |
| 3 |
State Street
Boston,
Massachusetts
|
-$18.8M |
| 4 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$16.9M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$14.9M |
CNX Hedge Fund Activity: Q2 2020 in Review
248 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in CNX Resources (CNX) for Q2 2020, worth a combined $1.55B — up 65% from $937M a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new CNX positions and 32 closed out — a net gain of 27 holders — while 76 added to existing stakes and 76 trimmed.
The largest buyer was Macquarie Group, opening a new position worth an estimated $51.2M. The largest seller was Southeastern Asset Management, cutting an estimated $114M.
- 248 institutional investors held CNX Resources (CNX) as of Q2 2020, up from 222 in Q1 2020.
- Funds reported $1.55B of CNX Resources stock for Q2 2020, up 65% quarter-over-quarter.
- 59 funds opened new CNX Resources positions in Q2 2020 and 32 closed out, a net change of +27 holders.
- The largest CNX Resources buyer in Q2 2020 was Macquarie Group, an estimated $51.2M added.
- The largest CNX Resources seller in Q2 2020 was Southeastern Asset Management, an estimated $114M sold.
Based on aggregated 13F filings for Q2 2020.