DNOW Inc
DNOW
239 hedge funds and large institutions have $567M invested in DNOW Inc in 2020 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 82 increasing their positions, 75 reducing their positions, and 59 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 75
1% less ownership
Funds ownership: 101.63% → 100.63% (-1%)
11% less funds holding
Funds holding: 269 → 239 (-30)
46% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 59
54% less capital invested
Capital invested by funds: $1.24B → $567M (-$675M)
82% less call options, than puts
Call options by funds: $153K | Put options by funds: $865K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LM
Luminus Management
Houston,
Texas
|
+$19.1M |
| 2 |
Renaissance Technologies
New York
|
+$7.45M |
| 3 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$6.37M |
| 4 |
CI
Centerstone Investors
New York
|
+$3.95M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$2.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$8.74M |
| 2 |
MAMU
Marathon Asset Management (UK)
London,
United Kingdom
|
-$7.99M |
| 3 |
CSC
Cove Street Capital
El Segundo,
California
|
-$7.89M |
| 4 |
HCM
Hutchinson Capital Management
San Rafael,
California
|
-$7.68M |
| 5 |
Millennium Management
New York
|
-$5.56M |
DNOW Hedge Fund Activity: Q1 2020 in Review
239 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in DNOW Inc (DNOW) for Q1 2020, worth a combined $567M — down 54% from $1.24B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of DNOW and 32 opened new positions — a net loss of 27 holders — while 75 trimmed existing stakes and 82 added.
The largest buyer was Luminus Management, opening a new position worth an estimated $19.1M. The largest seller was Marshall Wace, exiting entirely with an estimated $8.74M sold.
- 239 institutional investors held DNOW Inc (DNOW) as of Q1 2020, down from 269 in Q4 2019.
- Funds reported $567M of DNOW Inc stock for Q1 2020, down 54% quarter-over-quarter.
- 32 funds opened new DNOW Inc positions in Q1 2020 and 59 closed out, a net change of -27 holders.
- The largest DNOW Inc buyer in Q1 2020 was Luminus Management, an estimated $19.1M added.
- The largest DNOW Inc seller in Q1 2020 was Marshall Wace, an estimated $8.74M sold.
Based on aggregated 13F filings for Q1 2020.