Forbes Energy Services Ltd
FES
FES was delisted on the 18th of November, 2016.
31 hedge funds and large institutions have $11.1M invested in Forbes Energy Services Ltd in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 10 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
11% less funds holding
Funds holding: 35 → 31 (-4)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
64% less capital invested
Capital invested by funds: $31.4M → $11.1M (-$20.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$982K |
| 2 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$470K |
| 3 |
Renaissance Technologies
New York
|
+$153K |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$149K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$124K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.02M |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$695K |
| 3 |
Morgan Stanley
New York
|
-$86.7K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$80K |
| 5 |
SIM
Spark Investment Management
New York
|
-$56K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Federated Hermes
Pittsburgh,
Pennsylvania
| $2K | – | – | – |
|
27
Citigroup
New York
| $1K | -$1.49K | -629 | -52% |
|
|
NFA
28
Nationwide Fund Advisors
Columbus,
Ohio
| $1K | – | – | – |
|
|
CRC
29
Curi RMB Capital
Chicago,
Illinois
| – | -$695K | -172,490 | Closed |
|
|
30
Invesco
Atlanta,
Georgia
| – | -$80K | -19,849 | Closed |
|
|
SIM
31
Spark Investment Management
New York
| – | -$56K | -14,100 | Closed |
|
|
PGIM
32
Pacific Global Investment Management
Glendale,
California
| – | -$53K | -13,050 | Closed |
|
|
WS
33
Wedbush Securities
Los Angeles,
California
| – | -$50K | -12,450 | Closed |
|
|
BGIM
34
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$40K | -9,690 | Closed |
|
35
Ameriprise
Minneapolis,
Minnesota
| – | -$8K | -2,080 | Closed |
|
|
OSAM
36
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$3K | -647 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$851 | -360 | -47% |
|
|
BA
38
BlackRock Advisors
Wilmington,
Delaware
| – | -$1K | -271 | Closed |
|
39
Creative Planning
Overland Park,
Kansas
| – | +$721 | +305 | New |
|
FES Hedge Fund Activity: Q4 2014 in Review
31 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Forbes Energy Services Ltd (FES) for Q4 2014, worth a combined $11.1M — down 64% from $31.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of FES and 7 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 10 added.
The largest buyer was Fidelity Investments, adding an estimated $982K. The largest seller was Kennedy Capital Management, cutting an estimated $1.02M.
- 31 institutional investors held Forbes Energy Services Ltd (FES) as of Q4 2014, down from 35 in Q3 2014.
- Funds reported $11.1M of Forbes Energy Services Ltd stock for Q4 2014, down 64% quarter-over-quarter.
- 7 funds opened new Forbes Energy Services Ltd positions in Q4 2014 and 10 closed out, a net change of -3 holders.
- The largest Forbes Energy Services Ltd buyer in Q4 2014 was Fidelity Investments, an estimated $982K added.
- The largest Forbes Energy Services Ltd seller in Q4 2014 was Kennedy Capital Management, an estimated $1.02M sold.
Based on aggregated 13F filings for Q4 2014.