CVR Refining, LP
CVRR
CVRR was delisted on the 28th of January, 2019.
73 hedge funds and large institutions have $361M invested in CVR Refining, LP in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 25 reducing their positions, and 26 closing their positions.
14% more capital invested
Capital invested by funds: $316M → $361M (+$45M)
14% less funds holding
Funds holding: 85 → 73 (-12)
24% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 25
35% less call options, than puts
Call options by funds: $9.4M | Put options by funds: $14.5M
42% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 26
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$23.4M |
| 2 |
Goldman Sachs
New York
|
+$10.7M |
| 3 |
Citigroup
New York
|
+$9.26M |
| 4 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$5.26M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$5.39M |
| 2 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
-$3.34M |
| 3 |
Renaissance Technologies
New York
|
-$2.83M |
| 4 |
Morgan Stanley
New York
|
-$2.65M |
| 5 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
-$2.44M |
CVRR Hedge Fund Activity: Q1 2014 in Review
73 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in CVR Refining, LP (CVRR) for Q1 2014, worth a combined $361M — up 14% from $316M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of CVRR and 15 opened new positions — a net loss of 11 holders — while 25 trimmed existing stakes and 19 added.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $23.4M. The largest seller was Invesco, exiting entirely with an estimated $5.39M sold.
- 73 institutional investors held CVR Refining, LP (CVRR) as of Q1 2014, down from 85 in Q4 2013.
- Funds reported $361M of CVR Refining, LP stock for Q1 2014, up 14% quarter-over-quarter.
- 15 funds opened new CVR Refining, LP positions in Q1 2014 and 26 closed out, a net change of -11 holders.
- The largest CVR Refining, LP buyer in Q1 2014 was Fidelity Investments, an estimated $23.4M added.
- The largest CVR Refining, LP seller in Q1 2014 was Invesco, an estimated $5.39M sold.
Based on aggregated 13F filings for Q1 2014.