CNX Midstream Partners LP
CNXM
CNXM was delisted on the 25th of September, 2020.
84 hedge funds and large institutions have $414M invested in CNX Midstream Partners LP in 2019 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 37 increasing their positions, 29 reducing their positions, and 15 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 29
3.33% less ownership
Funds ownership: 49.62% → 46.29% (-3.3%)
6% less funds holding
Funds holding: 89 → 84 (-5)
14% less capital invested
Capital invested by funds: $481M → $414M (-$66.2M)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
77% less call options, than puts
Call options by funds: $2.56M | Put options by funds: $11.2M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$40.5M |
| 2 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$5.09M |
| 3 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$3.72M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.56M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$2.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$12.1M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$10.5M |
| 3 |
JP Morgan Chase
New York
|
-$5.71M |
| 4 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$4.33M |
| 5 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$4.05M |
CNXM Hedge Fund Activity: Q2 2019 in Review
84 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in CNX Midstream Partners LP (CNXM) for Q2 2019, worth a combined $414M — down 14% from $481M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CNXM and 11 opened new positions — a net loss of 4 holders — while 29 trimmed existing stakes and 37 added.
The largest buyer was Invesco, opening a new position worth an estimated $40.5M. The largest seller was Kayne Anderson Capital Advisors, exiting entirely with an estimated $12.1M sold.
- 84 institutional investors held CNX Midstream Partners LP (CNXM) as of Q2 2019, down from 89 in Q1 2019.
- Funds reported $414M of CNX Midstream Partners LP stock for Q2 2019, down 14% quarter-over-quarter.
- 11 funds opened new CNX Midstream Partners LP positions in Q2 2019 and 15 closed out, a net change of -4 holders.
- The largest CNX Midstream Partners LP buyer in Q2 2019 was Invesco, an estimated $40.5M added.
- The largest CNX Midstream Partners LP seller in Q2 2019 was Kayne Anderson Capital Advisors, an estimated $12.1M sold.
Based on aggregated 13F filings for Q2 2019.