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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$29.9M |
| 2 |
Renaissance Technologies
New York
|
+$9.33M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$9.1M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$3.63M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$3.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$21.3M |
| 2 |
First Eagle Investment Management
New York
|
-$15.1M |
| 3 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
-$14.8M |
| 4 |
LM
Luminus Management
Houston,
Texas
|
-$10.9M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$7.24M |
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.