California Resources Corporation
CRC
CRC was delisted on the 15th of July, 2020.
190 hedge funds and large institutions have $24.3M invested in California Resources Corporation in 2020 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 36 increasing their positions, 47 reducing their positions, and 64 closing their positions.
18% less funds holding
Funds holding: 232 → 190 (-42)
23% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 47
61% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 64
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: $5.06M | Put options by funds: $43.4M
92% less capital invested
Capital invested by funds: $298M → $24.3M (-$274M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Coastal Investment Management
Los Angeles,
California
|
+$8.75M |
| 2 |
State Street
Boston,
Massachusetts
|
+$8.47M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.6M |
| 5 |
Barclays
London,
United Kingdom
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Cyrus Capital Partners
New York
|
-$10.9M |
| 2 |
Millennium Management
New York
|
-$10.8M |
| 3 |
MCM
Masters Capital Management
Atlanta,
Georgia
|
-$10.4M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$8.08M |
| 5 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$5.55M |
CRC Hedge Fund Activity: Q1 2020 in Review
190 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in California Resources Corporation (CRC) for Q1 2020, worth a combined $24.3M — down 92% from $298M a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of CRC and 25 opened new positions — a net loss of 39 holders — while 47 trimmed existing stakes and 36 added.
The largest buyer was Coastal Investment Management, opening a new position worth an estimated $8.75M. The largest seller was Cyrus Capital Partners, exiting entirely with an estimated $10.9M sold.
- 190 institutional investors held California Resources Corporation (CRC) as of Q1 2020, down from 232 in Q4 2019.
- Funds reported $24.3M of California Resources Corporation stock for Q1 2020, down 92% quarter-over-quarter.
- 25 funds opened new California Resources Corporation positions in Q1 2020 and 64 closed out, a net change of -39 holders.
- The largest California Resources Corporation buyer in Q1 2020 was Coastal Investment Management, an estimated $8.75M added.
- The largest California Resources Corporation seller in Q1 2020 was Cyrus Capital Partners, an estimated $10.9M sold.
Based on aggregated 13F filings for Q1 2020.