Daqo New Energy
84 hedge funds and large institutions have $635M invested in Daqo New Energy in 2020 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 32 increasing their positions, 23 reducing their positions, and 25 closing their positions.
130% more call options, than puts
Call options by funds: $15.6M | Put options by funds: $6.81M
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
39% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 23
6% less funds holding
Funds holding: 89 → 84 (-5)
9.03% less ownership
Funds ownership: 21.32% → 12.3% (-9%)
20% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 25
22% less capital invested
Capital invested by funds: $816M → $635M (-$182M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$17.3M |
| 2 |
ECP
Electron Capital Partners
New York
|
+$11.6M |
| 3 |
GAMA
Graticule Asia Macro Advisors
New York
|
+$11.6M |
| 4 |
Handelsbanken Fonder
Stockholm,
Sweden
|
+$7.25M |
| 5 |
JP Morgan Chase
New York
|
+$5.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$342M |
| 2 |
Morgan Stanley
New York
|
-$8.15M |
| 3 |
BS
Banco Santander
Madrid,
Spain
|
-$7.53M |
| 4 |
Millennium Management
New York
|
-$5.16M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$4.48M |
DQ Hedge Fund Activity: Q2 2020 in Review
84 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Daqo New Energy (DQ) for Q2 2020, worth a combined $635M — down 22% from $816M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of DQ and 20 opened new positions — a net loss of 5 holders — while 23 trimmed existing stakes and 32 added.
The largest buyer was Canada Pension Plan Investment Board, opening a new position worth an estimated $17.3M. The largest seller was Nomura Holdings, cutting an estimated $342M.
- 84 institutional investors held Daqo New Energy (DQ) as of Q2 2020, down from 89 in Q1 2020.
- Funds reported $635M of Daqo New Energy stock for Q2 2020, down 22% quarter-over-quarter.
- 20 funds opened new Daqo New Energy positions in Q2 2020 and 25 closed out, a net change of -5 holders.
- The largest Daqo New Energy buyer in Q2 2020 was Canada Pension Plan Investment Board, an estimated $17.3M added.
- The largest Daqo New Energy seller in Q2 2020 was Nomura Holdings, an estimated $342M sold.
Based on aggregated 13F filings for Q2 2020.