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DNOW Inc
DNOW

227 hedge funds and large institutions have $930M invested in DNOW Inc in 2020 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 87 increasing their positions, 65 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

64% more capital invested

Capital invested by funds: $567M → $930M (+$363M)

34% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 65

1.94% less ownership

Funds ownership: 100.63% → 98.69% (-1.9%)

5% less funds holding

Funds holding: 239 → 227 (-12)

21% less first-time investments, than exits

New positions opened: 37 | Existing positions closed: 47

84% less call options, than puts

Call options by funds: $185K | Put options by funds: $1.17M

Holders
227
Holders Change
-12
Holders Change %
-5.02%
% of All Funds
4.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
37
Increased
87
Reduced
65
Closed
47
Calls
$185K
Puts
$1.17M
Net Calls
-$985K
Net Calls Change
-$273K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$29.9M
2
Renaissance Technologies
Renaissance Technologies
New York
+$9.33M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$9.1M
4
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
+$3.63M
5
Principal Financial Group
Principal Financial Group
Iowa
+$3.48M

Top Sellers

Rank Fund Capital Flow
1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$21.3M
2
First Eagle Investment Management
First Eagle Investment Management
New York
-$15.1M
3
CB
Cooke & Bieler
Pennsylvania
-$14.8M
4
LM
Luminus Management
Texas
-$10.9M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$7.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
State of Tennessee, Department of Treasury
76
State of Tennessee, Department of Treasury
Tennessee
$1.03M +$197K +28,680 +32%
Comerica Bank
77
Comerica Bank
Texas
$1.02M +$369K +53,750 +86%
UBS AM
78
UBS AM
Illinois
$983K +$21.6K +3,148 +3%
Royal Bank of Canada
79
Royal Bank of Canada
Ontario, Canada
$966K +$150K +21,856 +24%
Ensign Peak Advisors
80
Ensign Peak Advisors
Utah
$932K – – –
SOADOR
81
State of Alaska Department of Revenue
Alaska
$889K +$580K +84,400 +451%
Envestnet Asset Management
82
Envestnet Asset Management
Illinois
$842K +$75.8K +11,032 +13%
Thrivent Financial for Lutherans
83
Thrivent Financial for Lutherans
Minnesota
$790K +$433K +63,064 +222%
CS
84
Credit Suisse
Switzerland
$768K +$10.7K +1,561 +2%
TPSF
85
Texas Permanent School Fund
Texas
$745K -$42.8K -6,233 -7%
SO
86
STRS Ohio
Ohio
$696K +$35.7K +5,200 +7%
State Board of Administration of Florida Retirement System
87
State Board of Administration of Florida Retirement System
Florida
$681K – – –
Deutsche Bank
88
Deutsche Bank
Germany
$673K +$132K +19,230 +33%
AIG
89
American International Group
New York
$668K -$1.35M -197,062 -72%
SFI
90
Susquehanna Fundamental Investments
Pennsylvania
$666K +$530K +77,200 New
UBS Group
91
UBS Group
Switzerland
$652K +$445K +64,864 +601%
Franklin Resources
92
Franklin Resources
California
$648K -$341K -49,600 -40%
Voloridge Investment Management
93
Voloridge Investment Management
Florida
$625K -$26.8K -3,908 -5%
SRAM
94
Stone Ridge Asset Management
New York
$600K +$142K +20,700 +42%
Manulife (Manufacturers Life Insurance)
95
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$564K -$1.07M -156,539 -70%
Truist Financial
96
Truist Financial
North Carolina
$527K +$314K +45,723 +296%
Mirae Asset Global Investments
97
Mirae Asset Global Investments
South Korea
$504K +$141K +20,495 +54%
BNP Paribas Financial Markets
98
BNP Paribas Financial Markets
France
$496K -$59.5K -8,669 -13%
SI
99
Stephens Inc
Arkansas
$476K +$152K +22,175 +67%
COPPSERS
100
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$475K +$202K +29,426 +115%
2 3
4
5 6

DNOW Hedge Fund Activity: Q2 2020 in Review

227 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in DNOW Inc (DNOW) for Q2 2020, worth a combined $930M — up 64% from $567M a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of DNOW and 37 opened new positions — a net loss of 10 holders — while 65 trimmed existing stakes and 87 added.

The largest buyer was BlackRock, adding an estimated $29.9M. The largest seller was Massachusetts Financial Services, cutting an estimated $21.3M.

  • 227 institutional investors held DNOW Inc (DNOW) as of Q2 2020, down from 239 in Q1 2020.
  • Funds reported $930M of DNOW Inc stock for Q2 2020, up 64% quarter-over-quarter.
  • 37 funds opened new DNOW Inc positions in Q2 2020 and 47 closed out, a net change of -10 holders.
  • The largest DNOW Inc buyer in Q2 2020 was BlackRock, an estimated $29.9M added.
  • The largest DNOW Inc seller in Q2 2020 was Massachusetts Financial Services, an estimated $21.3M sold.

Based on aggregated 13F filings for Q2 2020.