DNOW Inc
DNOW
265 hedge funds and large institutions have $1.56B invested in DNOW Inc in 2017 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 105 increasing their positions, 78 reducing their positions, and 38 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 78
3.22% more ownership
Funds ownership: 101.64% → 104.86% (+3.2%)
4% less funds holding
Funds holding: 275 → 265 (-10)
11% less capital invested
Capital invested by funds: $1.76B → $1.56B (-$200M)
24% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 38
42% less call options, than puts
Call options by funds: $345K | Put options by funds: $596K
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
+$39.9M |
| 2 |
QI
QV Investors
Calgary,
Alberta, Canada
|
+$9.19M |
| 3 |
SCM
Schneider Capital Management
Berwyn,
Pennsylvania
|
+$8.78M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$7.18M |
| 5 |
ECM
Ensemble Capital Management
San Francisco,
California
|
+$5.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AVC
Arlington Value Capital
Salt Lake City,
Utah
|
-$42.7M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$8.13M |
| 3 |
TA
Teachers Advisors
New York
|
-$7.38M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.86M |
| 5 |
Millennium Management
New York
|
-$6.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VWA
276
V Wealth Advisors
Overland Park,
Kansas
| – | -$2K | -137 | Closed |
|
|
WA
277
Winfield Associates
Cleveland,
Ohio
| – | -$1K | -60 | Closed |
|
|
AAP
278
Arax Advisory Partners
Denver,
Colorado
| – | -$1K | -51 | Closed |
|
|
GI
279
Gradient Investments
Arden Hills,
Minnesota
| – | -$1K | -50 | Closed |
|
280
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$572 | -42 | -89% |
|
|
CAW
281
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$1K | -32 | Closed |
|
|
FWM
282
Focused Wealth Management
Newburgh,
New York
| – | -$109 | -8 | -32% |
|
|
AC
283
Alexandria Capital
Arlington,
Virginia
| – | +$109 | +8 | +62% |
|
|
ZB
284
Zions Bancorporation
Salt Lake City,
Utah
| – | +$300 | +22 | New |
|
|
NFG
285
Next Financial Group
Houston,
Texas
| – | +$327 | +24 | +1,200% |
|
286
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | +$600 | +44 | New |
|
|
CTC
287
Central Trust Company
Jefferson City,
Missouri
| – | +$682 | +50 | New |
|
DNOW Hedge Fund Activity: Q3 2017 in Review
265 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in DNOW Inc (DNOW) for Q3 2017, worth a combined $1.56B — down 11% from $1.76B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of DNOW and 29 opened new positions — a net loss of 9 holders — while 78 trimmed existing stakes and 105 added.
The largest buyer was Ninety One (UK), opening a new position worth an estimated $39.9M. The largest seller was Arlington Value Capital, exiting entirely with an estimated $42.7M sold.
- 265 institutional investors held DNOW Inc (DNOW) as of Q3 2017, down from 275 in Q2 2017.
- Funds reported $1.56B of DNOW Inc stock for Q3 2017, down 11% quarter-over-quarter.
- 29 funds opened new DNOW Inc positions in Q3 2017 and 38 closed out, a net change of -9 holders.
- The largest DNOW Inc buyer in Q3 2017 was Ninety One (UK), an estimated $39.9M added.
- The largest DNOW Inc seller in Q3 2017 was Arlington Value Capital, an estimated $42.7M sold.
Based on aggregated 13F filings for Q3 2017.