CNX Midstream Partners LP
CNXM
CNXM was delisted on the 25th of September, 2020.
88 hedge funds and large institutions have $450M invested in CNX Midstream Partners LP in 2019 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 31 increasing their positions, 31 reducing their positions, and 17 closing their positions.
16% more capital invested
Capital invested by funds: $387M → $450M (+$62.6M)
0% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 31
4% less funds holding
Funds holding: 92 → 88 (-4)
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
90% less call options, than puts
Call options by funds: $4.9M | Put options by funds: $51M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$17.9M |
| 2 |
ClearBridge Investments
New York
|
+$7.33M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$6.51M |
| 4 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$3.4M |
| 5 |
Jane Street
New York
|
+$2.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$7.89M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$7.12M |
| 3 |
Cohen & Steers
New York
|
-$7.01M |
| 4 |
JP Morgan Chase
New York
|
-$6.52M |
| 5 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$3.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$30K | -2,135 | Closed |
|
|
PFO
102
Pathstone Family Office
Englewood,
New Jersey
| – | -$6K | -421 | Closed |
|
|
BCA
103
Berman Capital Advisors
Atlanta,
Georgia
| – | -$1K | -80 | Closed |
|
|
FGAM
104
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$1K | -51 | Closed |
|
105
Fidelity Investments
Boston,
Massachusetts
| – | +$14 | +1 | New |
|
CNXM Hedge Fund Activity: Q4 2019 in Review
88 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CNX Midstream Partners LP (CNXM) for Q4 2019, worth a combined $450M — up 16% from $387M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CNXM and 14 opened new positions — a net loss of 3 holders — while 31 trimmed existing stakes and 31 added.
The largest buyer was Mirae Asset Global Investments, opening a new position worth an estimated $17.9M. The largest seller was Goldman Sachs, cutting an estimated $7.89M.
- 88 institutional investors held CNX Midstream Partners LP (CNXM) as of Q4 2019, down from 92 in Q3 2019.
- Funds reported $450M of CNX Midstream Partners LP stock for Q4 2019, up 16% quarter-over-quarter.
- 14 funds opened new CNX Midstream Partners LP positions in Q4 2019 and 17 closed out, a net change of -3 holders.
- The largest CNX Midstream Partners LP buyer in Q4 2019 was Mirae Asset Global Investments, an estimated $17.9M added.
- The largest CNX Midstream Partners LP seller in Q4 2019 was Goldman Sachs, an estimated $7.89M sold.
Based on aggregated 13F filings for Q4 2019.