CNX Midstream Partners LP
CNXM
CNXM was delisted on the 25th of September, 2020.
92 hedge funds and large institutions have $387M invested in CNX Midstream Partners LP in 2019 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 27 increasing their positions, 38 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
10% more funds holding
Funds holding: 84 → 92 (+8)
7% less capital invested
Capital invested by funds: $415M → $387M (-$27.5M)
29% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 38
88% less call options, than puts
Call options by funds: $2.9M | Put options by funds: $25M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$11.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$6.47M |
| 3 |
Morgan Stanley
New York
|
+$5.23M |
| 4 |
ClearBridge Investments
New York
|
+$3.61M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$2.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$17M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$10.5M |
| 3 |
Citigroup
New York
|
-$7.66M |
| 4 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$6.97M |
| 5 |
Cohen & Steers
New York
|
-$5.75M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -39 | Closed |
|
|
CI
102
CX Institutional
Auburn,
Indiana
| – | -$1K | -37 | Closed |
|
CNXM Hedge Fund Activity: Q3 2019 in Review
92 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in CNX Midstream Partners LP (CNXM) for Q3 2019, worth a combined $387M — down 6.6% from $415M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new CNXM positions and 10 closed out — a net gain of 8 holders — while 27 added to existing stakes and 38 trimmed.
The largest buyer was Tortoise Capital Advisors, adding an estimated $11.8M. The largest seller was HITE Hedge Asset Management, cutting an estimated $17M.
- 92 institutional investors held CNX Midstream Partners LP (CNXM) as of Q3 2019, up from 84 in Q2 2019.
- Funds reported $387M of CNX Midstream Partners LP stock for Q3 2019, down 6.6% quarter-over-quarter.
- 18 funds opened new CNX Midstream Partners LP positions in Q3 2019 and 10 closed out, a net change of +8 holders.
- The largest CNX Midstream Partners LP buyer in Q3 2019 was Tortoise Capital Advisors, an estimated $11.8M added.
- The largest CNX Midstream Partners LP seller in Q3 2019 was HITE Hedge Asset Management, an estimated $17M sold.
Based on aggregated 13F filings for Q3 2019.