CNX Resources
322 hedge funds and large institutions have $3.65B invested in CNX Resources in 2023 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 88 increasing their positions, 123 reducing their positions, and 27 closing their positions.
126% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 27
43% more funds holding in top 10
Funds holding in top 10: 7 → 10 (+3)
34% more capital invested
Capital invested by funds: $2.72B → $3.65B (+$925M)
11% more funds holding
Funds holding: 291 → 322 (+31)
6.95% more ownership
Funds ownership: 92.8% → 99.75% (+6.9%)
9% more call options, than puts
Call options by funds: $11.2M | Put options by funds: $10.3M
28% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 123
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$128M |
| 2 |
UBS AM
Chicago,
Illinois
|
+$42M |
| 3 |
D.E. Shaw & Co
New York
|
+$38.2M |
| 4 |
ACG
Aventail Capital Group
New York
|
+$24.5M |
| 5 |
Morgan Stanley
New York
|
+$19.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$57.7M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$23.6M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$17.3M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$13.4M |
| 5 |
JP Morgan Chase
New York
|
-$13.3M |
CNX Hedge Fund Activity: Q3 2023 in Review
322 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in CNX Resources (CNX) for Q3 2023, worth a combined $3.65B — up 34% from $2.72B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new CNX positions and 27 closed out — a net gain of 34 holders — while 88 added to existing stakes and 123 trimmed.
The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $128M. The largest seller was Southeastern Asset Management, cutting an estimated $57.7M.
- 322 institutional investors held CNX Resources (CNX) as of Q3 2023, up from 291 in Q2 2023.
- Funds reported $3.65B of CNX Resources stock for Q3 2023, up 34% quarter-over-quarter.
- 61 funds opened new CNX Resources positions in Q3 2023 and 27 closed out, a net change of +34 holders.
- The largest CNX Resources buyer in Q3 2023 was Arrowstreet Capital, an estimated $128M added.
- The largest CNX Resources seller in Q3 2023 was Southeastern Asset Management, an estimated $57.7M sold.
Based on aggregated 13F filings for Q3 2023.