CNX Resources
264 hedge funds and large institutions have $1.87B invested in CNX Resources in 2020 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 103 increasing their positions, 64 reducing their positions, and 40 closing their positions.
61% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 64
43% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 40
21% more capital invested
Capital invested by funds: $1.55B → $1.87B (+$327M)
6% more funds holding
Funds holding: 248 → 264 (+16)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
6.42% less ownership
Funds ownership: 95.6% → 89.18% (-6.4%)
12% less call options, than puts
Call options by funds: $24.1M | Put options by funds: $27.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$44M |
| 2 |
Bank of New York Mellon
New York
|
+$33.1M |
| 3 |
JP Morgan Chase
New York
|
+$22.3M |
| 4 |
BlackRock
New York
|
+$21.3M |
| 5 |
ClearBridge Investments
New York
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$15M |
| 2 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$14.3M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$11.1M |
| 4 |
ECA
Encompass Capital Advisors
New York
|
-$9.66M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$9.62M |
CNX Hedge Fund Activity: Q3 2020 in Review
264 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in CNX Resources (CNX) for Q3 2020, worth a combined $1.87B — up 21% from $1.55B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new CNX positions and 40 closed out — a net gain of 17 holders — while 103 added to existing stakes and 64 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $44M. The largest seller was State Street, cutting an estimated $15M.
- 264 institutional investors held CNX Resources (CNX) as of Q3 2020, up from 248 in Q2 2020.
- Funds reported $1.87B of CNX Resources stock for Q3 2020, up 21% quarter-over-quarter.
- 57 funds opened new CNX Resources positions in Q3 2020 and 40 closed out, a net change of +17 holders.
- The largest CNX Resources buyer in Q3 2020 was Citadel Advisors, an estimated $44M added.
- The largest CNX Resources seller in Q3 2020 was State Street, an estimated $15M sold.
Based on aggregated 13F filings for Q3 2020.