CNX Midstream Partners LP
CNXM
CNXM was delisted on the 25th of September, 2020.
74 hedge funds and large institutions have $217M invested in CNX Midstream Partners LP in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 24 reducing their positions, and 22 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 24
12.92% less ownership
Funds ownership: 42.77% → 29.85% (-13%)
16% less funds holding
Funds holding: 88 → 74 (-14)
45% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 22
52% less capital invested
Capital invested by funds: $450M → $217M (-$233M)
90% less call options, than puts
Call options by funds: $1.59M | Put options by funds: $15.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
ALPS Advisors
Denver,
Colorado
|
+$65.7M |
| 2 |
BPSG
Brookfield Public Securities Group
New York
|
+$16.8M |
| 3 |
JP Morgan Chase
New York
|
+$14.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$6.85M |
| 5 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$4.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$54.5M |
| 2 |
ClearBridge Investments
New York
|
-$22.7M |
| 3 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$20.5M |
| 4 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$17.8M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$9.95M |
CNXM Hedge Fund Activity: Q1 2020 in Review
74 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in CNX Midstream Partners LP (CNXM) for Q1 2020, worth a combined $217M — down 52% from $450M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of CNXM and 12 opened new positions — a net loss of 10 holders — while 24 trimmed existing stakes and 27 added.
The largest buyer was ALPS Advisors, adding an estimated $65.7M. The largest seller was Tortoise Capital Advisors, cutting an estimated $54.5M.
- 74 institutional investors held CNX Midstream Partners LP (CNXM) as of Q1 2020, down from 88 in Q4 2019.
- Funds reported $217M of CNX Midstream Partners LP stock for Q1 2020, down 52% quarter-over-quarter.
- 12 funds opened new CNX Midstream Partners LP positions in Q1 2020 and 22 closed out, a net change of -10 holders.
- The largest CNX Midstream Partners LP buyer in Q1 2020 was ALPS Advisors, an estimated $65.7M added.
- The largest CNX Midstream Partners LP seller in Q1 2020 was Tortoise Capital Advisors, an estimated $54.5M sold.
Based on aggregated 13F filings for Q1 2020.