DNOW Inc
DNOW
259 hedge funds and large institutions have $1.16B invested in DNOW Inc in 2023 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 70 increasing their positions, 93 reducing their positions, and 31 closing their positions.
26% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 31
2% more funds holding
Funds holding: 253 → 259 (+6)
2.33% more ownership
Funds ownership: 91.86% → 94.19% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less capital invested
Capital invested by funds: $1.29B → $1.16B (-$131M)
25% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 93
86% less call options, than puts
Call options by funds: $93K | Put options by funds: $650K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$6.53M |
| 2 |
GACM
Global Alpha Capital Management
Montreal,
Quebec, Canada
|
+$6.08M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$5.03M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.92M |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
+$3.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$16.7M |
| 2 |
SG
Sourcerock Group
Denver,
Colorado
|
-$13.1M |
| 3 |
SCA
Southpoint Capital Advisors
New York
|
-$13M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$8.54M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$5.2M |
DNOW Hedge Fund Activity: Q1 2023 in Review
259 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in DNOW Inc (DNOW) for Q1 2023, worth a combined $1.16B — down 10% from $1.29B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new DNOW positions and 31 closed out — a net gain of 8 holders — while 70 added to existing stakes and 93 trimmed.
The largest buyer was Assenagon Asset Management, adding an estimated $6.53M. The largest seller was American Century Companies, cutting an estimated $16.7M.
- 259 institutional investors held DNOW Inc (DNOW) as of Q1 2023, up from 253 in Q4 2022.
- Funds reported $1.16B of DNOW Inc stock for Q1 2023, down 10% quarter-over-quarter.
- 39 funds opened new DNOW Inc positions in Q1 2023 and 31 closed out, a net change of +8 holders.
- The largest DNOW Inc buyer in Q1 2023 was Assenagon Asset Management, an estimated $6.53M added.
- The largest DNOW Inc seller in Q1 2023 was American Century Companies, an estimated $16.7M sold.
Based on aggregated 13F filings for Q1 2023.