Independence Contract Drilling, Inc.
ICD was delisted on the 28th of August, 2024.
33 hedge funds and large institutions have $11.9M invested in Independence Contract Drilling, Inc. in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 11 reducing their positions, and 8 closing their positions.
13% less funds holding
Funds holding: 38 → 33 (-5)
23% less capital invested
Capital invested by funds: $15.5M → $11.9M (-$3.61M)
36% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 11
50% less call options, than puts
Call options by funds: $32K | Put options by funds: $64K
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$274K |
| 2 |
CM
CastleKnight Management
New York
|
+$268K |
| 3 |
EGA
E&G Advisors
Houston,
Texas
|
+$109K |
| 4 |
TC
Tejara Capital
London,
United Kingdom
|
+$74.2K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$42K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
-$562K |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$276K |
| 3 |
Jane Street
New York
|
-$223K |
| 4 |
Millennium Management
New York
|
-$205K |
| 5 |
Two Sigma Investments
New York
|
-$187K |
ICD Hedge Fund Activity: Q2 2023 in Review
33 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Independence Contract Drilling, Inc. (ICD) for Q2 2023, worth a combined $11.9M — down 23% from $15.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ICD and 3 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 7 added.
The largest buyer was Vanguard Group, adding an estimated $274K. The largest seller was Two Sigma Advisers, exiting entirely with an estimated $562K sold.
- 33 institutional investors held Independence Contract Drilling, Inc. (ICD) as of Q2 2023, down from 38 in Q1 2023.
- Funds reported $11.9M of Independence Contract Drilling, Inc. stock for Q2 2023, down 23% quarter-over-quarter.
- 3 funds opened new Independence Contract Drilling, Inc. positions in Q2 2023 and 8 closed out, a net change of -5 holders.
- The largest Independence Contract Drilling, Inc. buyer in Q2 2023 was Vanguard Group, an estimated $274K added.
- The largest Independence Contract Drilling, Inc. seller in Q2 2023 was Two Sigma Advisers, an estimated $562K sold.
Based on aggregated 13F filings for Q2 2023.