California Resources
213 hedge funds and large institutions have $2.68B invested in California Resources in 2023 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 84 increasing their positions, 63 reducing their positions, and 37 closing their positions.
142% more call options, than puts
Call options by funds: $23.2M | Put options by funds: $9.57M
33% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 63
19% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 37
3% more funds holding
Funds holding: 206 → 213 (+7)
0.8% more ownership
Funds ownership: 96.99% → 97.8% (+0.8%)
7% less funds holding in top 10
Funds holding in top 10: 15 → 14 (-1)
12% less capital invested
Capital invested by funds: $3.04B → $2.68B (-$361M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSV Asset Management
Chicago,
Illinois
|
+$43.7M |
| 2 |
Millennium Management
New York
|
+$36.8M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$32.8M |
| 4 |
CGIC
Continental General Insurance Company
Austin,
Texas
|
+$24.4M |
| 5 |
SCA
Southpoint Capital Advisors
New York
|
+$20.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Goldentree Asset Management
New York
|
-$140M |
| 2 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$65.9M |
| 3 |
ECA
Encompass Capital Advisors
New York
|
-$52.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$33.1M |
| 5 |
CM
Corvex Management
New York
|
-$18.8M |
CRC Hedge Fund Activity: Q1 2023 in Review
213 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in California Resources (CRC) for Q1 2023, worth a combined $2.68B — down 12% from $3.04B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new CRC positions and 37 closed out — a net gain of 7 holders — while 84 added to existing stakes and 63 trimmed.
The largest buyer was LSV Asset Management, adding an estimated $43.7M. The largest seller was Goldentree Asset Management, cutting an estimated $140M.
- 213 institutional investors held California Resources (CRC) as of Q1 2023, up from 206 in Q4 2022.
- Funds reported $2.68B of California Resources stock for Q1 2023, down 12% quarter-over-quarter.
- 44 funds opened new California Resources positions in Q1 2023 and 37 closed out, a net change of +7 holders.
- The largest California Resources buyer in Q1 2023 was LSV Asset Management, an estimated $43.7M added.
- The largest California Resources seller in Q1 2023 was Goldentree Asset Management, an estimated $140M sold.
Based on aggregated 13F filings for Q1 2023.