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DNOW Inc
DNOW

298 hedge funds and large institutions have $1.79B invested in DNOW Inc in 2015 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 92 increasing their positions, 115 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

4.38% more ownership

Funds ownership: 108.61% → 112.99% (+4.4%)

8% more call options, than puts

Call options by funds: $3.59M | Put options by funds: $3.33M

5% less funds holding

Funds holding: 314 → 298 (-16)

20% less repeat investments, than reductions

Existing positions increased: 92 | Existing positions reduced: 115

23% less capital invested

Capital invested by funds: $2.31B → $1.79B (-$524M)

29% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 41

Holders
298
Holders Change
-16
Holders Change %
-5.1%
% of All Funds
8.32%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.08%
New
29
Increased
92
Reduced
115
Closed
41
Calls
$3.59M
Puts
$3.33M
Net Calls
+$263K
Net Calls Change
-$3.6M

Top Buyers

1
FCM
Fairholme Capital Management
Florida
+$118M
2
AVC
Arlington Value Capital
Utah
+$32.7M
3
Fidelity International
Fidelity International
Bermuda
+$30.6M
4
KCM
Kingstown Capital Management
New York
+$29.6M
5
Harris Associates
Harris Associates
Illinois
+$25.5M

Top Sellers

1
OH
Orbis Holdings
Bermuda
-$111M
2
Neuberger Berman Group
Neuberger Berman Group
New York
-$31M
3
O
OppenheimerFunds
New York
-$26.5M
4
WA
Wasatch Advisors
Utah
-$17.2M
5
Wellington Management Group
Wellington Management Group
Massachusetts
-$13.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Baillie Gifford & Co
1
Baillie Gifford & Co
United Kingdom
$203M +$1.25M +71,623 +0.5%
First Eagle Investment Management
2
First Eagle Investment Management
New York
$125M -$1.27M -73,145 -0.9%
Neuberger Berman Group
3
Neuberger Berman Group
New York
$105M -$31M -1,781,291 -20%
FCM
4
Fairholme Capital Management
Florida
$99.9M +$118M +6,752,400 New
Harris Associates
5
Harris Associates
Illinois
$99.1M +$25.5M +1,466,707 +28%
Vanguard Group
6
Vanguard Group
Pennsylvania
$99M +$1.39M +79,948 +1%
ClearBridge Investments
7
ClearBridge Investments
New York
$84.4M +$6.22M +357,096 +7%
AVC
8
Arlington Value Capital
Utah
$81.7M +$32.7M +1,877,293 +52%
OH
9
Orbis Holdings
Bermuda
$51.2M -$111M -6,377,625 -65%
BFA
10
BlackRock Fund Advisors
California
$49.4M +$238K +13,642 +0.4%
Dodge & Cox
11
Dodge & Cox
California
$46.6M +$224K +12,875 +0.4%
BIT
12
BlackRock Institutional Trust
California
$45.8M +$1.5M +85,864 +3%
Massachusetts Financial Services
13
Massachusetts Financial Services
Massachusetts
$43.3M -$601K -34,493 -1%
State Street
14
State Street
Massachusetts
$40.7M -$2.14M -122,781 -4%
Fidelity International
15
Fidelity International
Bermuda
$38.9M +$30.6M +1,756,943 +202%
SCM
16
Shapiro Capital Management
Georgia
$36M +$3.65M +209,550 +9%
Norges Bank
17
Norges Bank
Norway
$30.9M -$418K -24,015 -1%
WA
18
Wasatch Advisors
Utah
$28.8M -$17.2M -986,506 -34%
JHIU
19
Janus Henderson Investors US
Colorado
$27.9M +$10.8M +620,619 +49%
Berkshire Hathaway
20
Berkshire Hathaway
Nebraska
$27M – – –
KCM
21
Kingstown Capital Management
New York
$25.2M +$29.6M +1,700,000 New
Mitsubishi UFJ Trust & Banking
22
Mitsubishi UFJ Trust & Banking
Japan
$20.6M -$408K -23,430 -2%
CCP
23
Clarkston Capital Partners
Michigan
$18.9M +$14M +805,268 +170%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$17.3M +$536K +30,785 +3%
Wellington Management Group
25
Wellington Management Group
Massachusetts
$16.4M -$13.7M -786,573 -42%
1
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DNOW Hedge Fund Activity: Q3 2015 in Review

298 of the 3,581 institutional investors tracked by Wall St. Rank reported a position in DNOW Inc (DNOW) for Q3 2015, worth a combined $1.79B — down 23% from $2.31B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of DNOW and 29 opened new positions — a net loss of 12 holders — while 115 trimmed existing stakes and 92 added.

The largest buyer was Fairholme Capital Management, opening a new position worth an estimated $118M. The largest seller was Orbis Holdings, cutting an estimated $111M.

  • 298 institutional investors held DNOW Inc (DNOW) as of Q3 2015, down from 314 in Q2 2015.
  • Funds reported $1.79B of DNOW Inc stock for Q3 2015, down 23% quarter-over-quarter.
  • 29 funds opened new DNOW Inc positions in Q3 2015 and 41 closed out, a net change of -12 holders.
  • The largest DNOW Inc buyer in Q3 2015 was Fairholme Capital Management, an estimated $118M added.
  • The largest DNOW Inc seller in Q3 2015 was Orbis Holdings, an estimated $111M sold.

Based on aggregated 13F filings for Q3 2015.