Forbes Energy Services Ltd
FES
FES was delisted on the 18th of November, 2016.
32 hedge funds and large institutions have $33.2M invested in Forbes Energy Services Ltd in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 18 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
15.14% less ownership
Funds ownership: 48.34% → 33.2% (-15%)
20% less capital invested
Capital invested by funds: $41.6M → $33.2M (-$8.34M)
27% less funds holding
Funds holding: 44 → 32 (-12)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
67% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPH
Steel Partners Holdings
New York
|
+$2.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$671K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$220K |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$128K |
| 5 |
Renaissance Technologies
New York
|
+$102K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$12.8M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$524K |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$500K |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$421K |
| 5 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
-$313K |
FES Hedge Fund Activity: Q3 2013 in Review
32 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Forbes Energy Services Ltd (FES) for Q3 2013, worth a combined $33.2M — down 20% from $41.6M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FES and 6 opened new positions — a net loss of 12 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was Steel Partners Holdings, adding an estimated $2.1M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $12.8M sold.
- 32 institutional investors held Forbes Energy Services Ltd (FES) as of Q3 2013, down from 44 in Q2 2013.
- Funds reported $33.2M of Forbes Energy Services Ltd stock for Q3 2013, down 20% quarter-over-quarter.
- 6 funds opened new Forbes Energy Services Ltd positions in Q3 2013 and 18 closed out, a net change of -12 holders.
- The largest Forbes Energy Services Ltd buyer in Q3 2013 was Steel Partners Holdings, an estimated $2.1M added.
- The largest Forbes Energy Services Ltd seller in Q3 2013 was Raymond James Financial Services Advisors, an estimated $12.8M sold.
Based on aggregated 13F filings for Q3 2013.