CNX Midstream Partners LP
CNXM
CNXM was delisted on the 25th of September, 2020.
89 hedge funds and large institutions have $481M invested in CNX Midstream Partners LP in 2019 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 25 reducing their positions, and 15 closing their positions.
56% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 25
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
3% more funds holding
Funds holding: 86 → 89 (+3)
13% less capital invested
Capital invested by funds: $550M → $481M (-$69.6M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
88% less call options, than puts
Call options by funds: $850K | Put options by funds: $7.09M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$11.2M |
| 2 |
ClearBridge Investments
New York
|
+$9.18M |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$6.68M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.6M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$4.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$36.2M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$24.8M |
| 3 |
Citigroup
New York
|
-$9.93M |
| 4 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$7.04M |
| 5 |
VAIA
Virtus Alternative Investment Advisers
Hartford,
Connecticut
|
-$3.99M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WDL
101
Well Done LLC
Holland,
Michigan
| – | -$19K | -1,196 | Closed |
|
102
Bessemer Group
Woodbridge,
New Jersey
| – | -$6K | -372 | Closed |
|
|
MOS
103
MGO One Seven
Beachwood,
Ohio
| – | -$2K | -162 | Closed |
|
104
Fidelity Investments
Boston,
Massachusetts
| – | +$48 | +3 | +300% |
|
CNXM Hedge Fund Activity: Q1 2019 in Review
89 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in CNX Midstream Partners LP (CNXM) for Q1 2019, worth a combined $481M — down 13% from $550M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CNXM positions and 15 closed out — a net gain of 5 holders — while 39 added to existing stakes and 25 trimmed.
The largest buyer was Eagle Global Advisors, adding an estimated $11.2M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $36.2M.
- 89 institutional investors held CNX Midstream Partners LP (CNXM) as of Q1 2019, up from 86 in Q4 2018.
- Funds reported $481M of CNX Midstream Partners LP stock for Q1 2019, down 13% quarter-over-quarter.
- 20 funds opened new CNX Midstream Partners LP positions in Q1 2019 and 15 closed out, a net change of +5 holders.
- The largest CNX Midstream Partners LP buyer in Q1 2019 was Eagle Global Advisors, an estimated $11.2M added.
- The largest CNX Midstream Partners LP seller in Q1 2019 was Kayne Anderson Capital Advisors, an estimated $36.2M sold.
Based on aggregated 13F filings for Q1 2019.