DNOW Inc
DNOW
427 hedge funds and large institutions have $3.49B invested in DNOW Inc in 2014 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 124 increasing their positions, 197 reducing their positions, and 111 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
15.79% more ownership
Funds ownership: 91.29% → 107.09% (+16%)
1% less capital invested
Capital invested by funds: $3.54B → $3.49B (-$49.7M)
14% less funds holding
Funds holding: 498 → 427 (-71)
37% less repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 197
58% less call options, than puts
Call options by funds: $11.8M | Put options by funds: $27.8M
61% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 111
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$251M |
| 2 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$122M |
| 3 |
Neuberger Berman Group
New York
|
+$106M |
| 4 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
+$81.4M |
| 5 |
First Eagle Investment Management
New York
|
+$51.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Steadfast Capital Management
New York
|
-$39M |
| 2 |
TEC
Tiger Eye Capital
Nashville,
Tennessee
|
-$37.1M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$30.9M |
| 4 |
Harris Associates
Chicago,
Illinois
|
-$27M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$20.4M |
DNOW Hedge Fund Activity: Q3 2014 in Review
427 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in DNOW Inc (DNOW) for Q3 2014, worth a combined $3.49B — down 1.4% from $3.54B a quarter earlier.
Sellers outnumbered buyers: 111 funds closed out of DNOW and 43 opened new positions — a net loss of 68 holders — while 197 trimmed existing stakes and 124 added.
The largest buyer was Baillie Gifford & Co, adding an estimated $251M. The largest seller was Steadfast Capital Management, exiting entirely with an estimated $39M sold.
- 427 institutional investors held DNOW Inc (DNOW) as of Q3 2014, down from 498 in Q2 2014.
- Funds reported $3.49B of DNOW Inc stock for Q3 2014, down 1.4% quarter-over-quarter.
- 43 funds opened new DNOW Inc positions in Q3 2014 and 111 closed out, a net change of -68 holders.
- The largest DNOW Inc buyer in Q3 2014 was Baillie Gifford & Co, an estimated $251M added.
- The largest DNOW Inc seller in Q3 2014 was Steadfast Capital Management, an estimated $39M sold.
Based on aggregated 13F filings for Q3 2014.