Daqo New Energy
58 hedge funds and large institutions have $184M invested in Daqo New Energy in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 23 increasing their positions, 12 reducing their positions, and 20 closing their positions.
92% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 12
7% more capital invested
Capital invested by funds: $173M → $184M (+$11.3M)
1.41% more ownership
Funds ownership: 5.53% → 6.94% (+1.4%)
8% less funds holding
Funds holding: 63 → 58 (-5)
20% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 20
34% less call options, than puts
Call options by funds: $6.98M | Put options by funds: $10.7M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$31.3M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$7.27M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$6.09M |
| 4 |
Citigroup
New York
|
+$5.76M |
| 5 |
Millennium Management
New York
|
+$4.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$12.3M |
| 2 |
N
Natixis
Paris,
France
|
-$10.2M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$6.96M |
| 4 |
LM
Luminus Management
Houston,
Texas
|
-$6.43M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$4.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QT
76
Quantbot Technologies
New York
| – | -$75K | -6,370 | Closed |
|
77
BlackRock
New York
| – | -$30K | -2,500 | Closed |
|
|
DCM
78
Delpha Capital Management
New York
| – | -$5K | -420 | Closed |
|
DQ Hedge Fund Activity: Q1 2018 in Review
58 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Daqo New Energy (DQ) for Q1 2018, worth a combined $184M — up 6.5% from $173M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of DQ and 16 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 23 added.
The largest buyer was JP Morgan Chase, adding an estimated $31.3M. The largest seller was Bogle Investment Management, cutting an estimated $12.3M.
- 58 institutional investors held Daqo New Energy (DQ) as of Q1 2018, down from 63 in Q4 2017.
- Funds reported $184M of Daqo New Energy stock for Q1 2018, up 6.5% quarter-over-quarter.
- 16 funds opened new Daqo New Energy positions in Q1 2018 and 20 closed out, a net change of -4 holders.
- The largest Daqo New Energy buyer in Q1 2018 was JP Morgan Chase, an estimated $31.3M added.
- The largest Daqo New Energy seller in Q1 2018 was Bogle Investment Management, an estimated $12.3M sold.
Based on aggregated 13F filings for Q1 2018.