California Resources
225 hedge funds and large institutions have $3.27B invested in California Resources in 2023 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 69 increasing their positions, 68 reducing their positions, and 39 closing their positions.
870% more call options, than puts
Call options by funds: $48.2M | Put options by funds: $4.97M
36% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 39
22% more capital invested
Capital invested by funds: $2.68B → $3.27B (+$591M)
6% more funds holding
Funds holding: 213 → 225 (+12)
4.72% more ownership
Funds ownership: 97.8% → 102.51% (+4.7%)
1% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 68
36% less funds holding in top 10
Funds holding in top 10: 14 → 9 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$236M |
| 2 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$46.7M |
| 3 |
State Street
Boston,
Massachusetts
|
+$32.9M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$30.3M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$24.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Corvex Management
New York
|
-$100M |
| 2 |
SCA
Southpoint Capital Advisors
New York
|
-$60.9M |
| 3 |
Millennium Management
New York
|
-$38.1M |
| 4 |
ECA
Encompass Capital Advisors
New York
|
-$35.7M |
| 5 |
GAM
Goldentree Asset Management
New York
|
-$34.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMEF
251
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$441K | -11,464 | Closed |
|
252
Aberdeen Group
Edinburgh,
United Kingdom
| – | -$374K | -9,723 | Closed |
|
|
CAM
253
Connacht Asset Management
New York
| – | -$326K | -8,455 | Closed |
|
|
JFG
254
Jefferies Financial Group
New York
| – | -$291K | -7,560 | Closed |
|
|
MF
255
Magnetar Financial
Evanston,
Illinois
| – | -$283K | -7,340 | Closed |
|
|
QC
256
Quantedge Capital
Singapore
| – | -$258K | -6,700 | Closed |
|
257
HSBC Holdings
London,
United Kingdom
| – | -$206K | -5,340 | Closed |
|
|
QT
258
Quantamental Technologies
White Plains,
New York
| – | -$204K | -5,300 | Closed |
|
|
C
259
Covestor
London,
United Kingdom
| – | -$58.1K | -1,433 | -100% |
|
|
IA
260
IFP Advisors
Tampa,
Florida
| – | -$930 | -62 | Closed |
|
|
SC
261
Schubert & Co
Mckinney,
Texas
| – | -$1.35K | -35 | Closed |
|
|
SFG
262
Steward Financial Group
Colleyville,
Texas
| – | -$1K | -33 | Closed |
|
|
FHA
263
First Horizon Advisors
Memphis,
Tennessee
| – | -$1.08K | -28 | Closed |
|
|
BTI
264
Blue Trust Inc
Alpharetta,
Georgia
| – | -$812 | -20 | -83% |
|
CRC Hedge Fund Activity: Q2 2023 in Review
225 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in California Resources (CRC) for Q2 2023, worth a combined $3.27B — up 22% from $2.68B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new CRC positions and 39 closed out — a net gain of 14 holders — while 69 added to existing stakes and 68 trimmed.
The largest buyer was BlackRock, adding an estimated $236M. The largest seller was Corvex Management, exiting entirely with an estimated $100M sold.
- 225 institutional investors held California Resources (CRC) as of Q2 2023, up from 213 in Q1 2023.
- Funds reported $3.27B of California Resources stock for Q2 2023, up 22% quarter-over-quarter.
- 53 funds opened new California Resources positions in Q2 2023 and 39 closed out, a net change of +14 holders.
- The largest California Resources buyer in Q2 2023 was BlackRock, an estimated $236M added.
- The largest California Resources seller in Q2 2023 was Corvex Management, an estimated $100M sold.
Based on aggregated 13F filings for Q2 2023.