Comstock Resources
170 hedge funds and large institutions have $1.22B invested in Comstock Resources in 2014 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 63 increasing their positions, 51 reducing their positions, and 30 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
33% more capital invested
Capital invested by funds: $915M → $1.22B (+$300M)
24% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 51
23% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 30
2% more funds holding
Funds holding: 166 → 170 (+4)
1.25% more ownership
Funds ownership: 20.97% → 22.22% (+1.2%)
20% less call options, than puts
Call options by funds: $10.6M | Put options by funds: $13.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$43.3M |
| 2 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
+$28.1M |
| 3 |
Bank of New York Mellon
New York
|
+$24M |
| 4 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$17.8M |
| 5 |
Renaissance Technologies
New York
|
+$13.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$24.5M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$19.8M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$19.4M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$14.9M |
| 5 |
SAM
Sentinel Asset Management
Montpelier,
Vermont
|
-$11.1M |
CRK Hedge Fund Activity: Q1 2014 in Review
170 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Comstock Resources (CRK) for Q1 2014, worth a combined $1.22B — up 33% from $915M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new CRK positions and 30 closed out — a net gain of 7 holders — while 63 added to existing stakes and 51 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $43.3M. The largest seller was Artisan Partners, exiting entirely with an estimated $24.5M sold.
- 170 institutional investors held Comstock Resources (CRK) as of Q1 2014, up from 166 in Q4 2013.
- Funds reported $1.22B of Comstock Resources stock for Q1 2014, up 33% quarter-over-quarter.
- 37 funds opened new Comstock Resources positions in Q1 2014 and 30 closed out, a net change of +7 holders.
- The largest Comstock Resources buyer in Q1 2014 was Hotchkis & Wiley Capital Management, an estimated $43.3M added.
- The largest Comstock Resources seller in Q1 2014 was Artisan Partners, an estimated $24.5M sold.
Based on aggregated 13F filings for Q1 2014.