CNX Resources
321 hedge funds and large institutions have $7.65B invested in CNX Resources in 2013 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 118 increasing their positions, 129 reducing their positions, and 40 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
28% more capital invested
Capital invested by funds: $5.98B → $7.65B (+$1.67B)
19% more call options, than puts
Call options by funds: $123M | Put options by funds: $104M
2.69% more ownership
Funds ownership: 116.74% → 119.43% (+2.7%)
9% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 129
3% less funds holding
Funds holding: 332 → 321 (-11)
23% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$220M |
| 2 |
AC
Axon Capital
New York
|
+$74.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$31.4M |
| 4 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$27.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$26.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$59.7M |
| 2 |
Bank of New York Mellon
New York
|
-$57.6M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
-$43.4M |
| 4 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
-$29.4M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$21M |
CNX Hedge Fund Activity: Q3 2013 in Review
321 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in CNX Resources (CNX) for Q3 2013, worth a combined $7.65B — up 28% from $5.98B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of CNX and 31 opened new positions — a net loss of 9 holders — while 129 trimmed existing stakes and 118 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $220M. The largest seller was Southeastern Asset Management, cutting an estimated $59.7M.
- 321 institutional investors held CNX Resources (CNX) as of Q3 2013, down from 332 in Q2 2013.
- Funds reported $7.65B of CNX Resources stock for Q3 2013, up 28% quarter-over-quarter.
- 31 funds opened new CNX Resources positions in Q3 2013 and 40 closed out, a net change of -9 holders.
- The largest CNX Resources buyer in Q3 2013 was T. Rowe Price Associates, an estimated $220M added.
- The largest CNX Resources seller in Q3 2013 was Southeastern Asset Management, an estimated $59.7M sold.
Based on aggregated 13F filings for Q3 2013.