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CNX Resources
CNX

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
321
Holders Change
-11
Holders Change %
-3.31%
% of All Funds
10.41%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.26%
New
31
Increased
118
Reduced
129
Closed
40
Calls
$123M
Puts
$104M
Net Calls
+$19.5M
Net Calls Change
+$25.1M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$220M
2
AC
Axon Capital
New York
+$74.2M
3
Citadel Advisors
Citadel Advisors
Florida
+$31.4M
4
SCA
SAC Capital Advisors
Connecticut
+$27.5M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$26.1M

Top Sellers

1
SAM
Southeastern Asset Management
Tennessee
-$59.7M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$57.6M
3
Ninety One (UK)
Ninety One (UK)
United Kingdom
-$43.4M
4
BIM
BlackRock Investment Management
Delaware
-$29.4M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$21M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$866M +$220M +8,434,094 +38%
SAM
2
Southeastern Asset Management
Tennessee
$749M -$59.7M -2,282,799 -8%
Franklin Resources
3
Franklin Resources
California
$582M -$2.05M -78,380 -0.4%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$538M -$21M -804,797 -4%
Vanguard Group
5
Vanguard Group
Pennsylvania
$512M +$16.5M +631,170 +4%
Capital World Investors
6
Capital World Investors
California
$503M – – –
State Street
7
State Street
Massachusetts
$348M +$1.53M +58,381 +0.5%
Lazard Asset Management
8
Lazard Asset Management
New York
$216M -$6.79M -259,795 -3%
BIT
9
BlackRock Institutional Trust
California
$198M -$3.88M -148,537 -2%
SC
10
Sasco Capital
Connecticut
$140M +$1.12M +42,720 +0.9%
VanEck Associates
11
VanEck Associates
New York
$134M +$636K +24,323 +0.5%
Jennison Associates
12
Jennison Associates
New York
$127M +$2.82M +107,996 +2%
BFA
13
BlackRock Fund Advisors
California
$107M +$1.9M +72,620 +2%
Northern Trust
14
Northern Trust
Illinois
$96.4M -$4M -153,080 -4%
Massachusetts Financial Services
15
Massachusetts Financial Services
Massachusetts
$96M +$7.27M +278,268 +9%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$90.3M -$57.6M -2,205,810 -41%
Westfield Capital Management
17
Westfield Capital Management
Massachusetts
$87.5M +$3.5M +133,920 +4%
AC
18
Axon Capital
New York
$79.6M +$74.2M +2,840,099 New
BG
19
BlackRock Group
United Kingdom
$79.2M +$2.32M +88,903 +3%
AIM
20
Assured Investment Management
New York
$76.9M +$24.6M +943,173 +52%
Norges Bank
21
Norges Bank
Norway
$70.9M -$13.1M -500,000 -17%
GF
22
Gabelli Funds
New York
$70.1M +$90.9K +3,480 +0.1%
CLM
23
ClearBridge LLC (Maryland)
Maryland
$69.3M -$1.05M -40,212 -2%
BA
24
BlackRock Advisors
Delaware
$61.2M -$13.9M -530,397 -20%
Millennium Management
25
Millennium Management
New York
$59.7M -$6.31M -241,542 -10%
1
2 3 4 5

CNX Hedge Fund Activity: Q3 2013 in Review

321 of the 3,084 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.