Comstock Resources
159 hedge funds and large institutions have $425M invested in Comstock Resources in 2014 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 65 increasing their positions, 42 reducing their positions, and 57 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 42
4.35% more ownership
Funds ownership: 21.82% → 26.17% (+4.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
13% less funds holding
Funds holding: 182 → 159 (-23)
20% less call options, than puts
Call options by funds: $2.83M | Put options by funds: $3.55M
35% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 57
56% less capital invested
Capital invested by funds: $972M → $425M (-$547M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$66.9M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$42.4M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$22.6M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$16.5M |
| 5 |
State Street
Boston,
Massachusetts
|
+$16.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$46.7M |
| 2 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$29.3M |
| 3 |
HCM
Hirzel Capital Management
Dallas,
Texas
|
-$25.2M |
| 4 |
GC
GW Capital
Bellevue,
Washington
|
-$22.3M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$19.7M |
CRK Hedge Fund Activity: Q4 2014 in Review
159 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Comstock Resources (CRK) for Q4 2014, worth a combined $425M — down 56% from $972M a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of CRK and 37 opened new positions — a net loss of 20 holders — while 42 trimmed existing stakes and 65 added.
The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $66.9M. The largest seller was NWQ Investment Management Company, exiting entirely with an estimated $46.7M sold.
- 159 institutional investors held Comstock Resources (CRK) as of Q4 2014, down from 182 in Q3 2014.
- Funds reported $425M of Comstock Resources stock for Q4 2014, down 56% quarter-over-quarter.
- 37 funds opened new Comstock Resources positions in Q4 2014 and 57 closed out, a net change of -20 holders.
- The largest Comstock Resources buyer in Q4 2014 was Hotchkis & Wiley Capital Management, an estimated $66.9M added.
- The largest Comstock Resources seller in Q4 2014 was NWQ Investment Management Company, an estimated $46.7M sold.
Based on aggregated 13F filings for Q4 2014.