Independence Contract Drilling, Inc.
ICD was delisted on the 28th of August, 2024.
30 hedge funds and large institutions have $7.11M invested in Independence Contract Drilling, Inc. in 2024 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 8 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less funds holding
Funds holding: 36 → 30 (-6)
35% less capital invested
Capital invested by funds: $11M → $7.11M (-$3.88M)
43% less call options, than puts
Call options by funds: $4K | Put options by funds: $7K
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
CastleKnight Management
New York
|
+$295K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$123K |
| 3 |
AWM
Avior Wealth Management
Omaha,
Nebraska
|
+$44K |
| 4 |
Morgan Stanley
New York
|
+$38.7K |
| 5 |
XT
XTX Topco
George Town,
Cayman Islands
|
+$30.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFH
Fairfax Financial Holdings
Toronto,
Ontario, Canada
|
-$956K |
| 2 |
TC
Tejara Capital
London,
United Kingdom
|
-$658K |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$263K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$104K |
| 5 |
Squarepoint
New York
|
-$85K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $225 | -$5.69K | -2,905 | -96% |
|
27
Wells Fargo
San Francisco,
California
| $188 | +$2 | +1 | +1% |
|
28
Qube Research & Technologies (QRT)
London,
United Kingdom
| $93 | – | – | – |
|
29
JP Morgan Chase
New York
| $43 | +$8 | +4 | +21% |
|
|
FFH
30
Fairfax Financial Holdings
Toronto,
Ontario, Canada
| – | -$956K | -390,294 | Closed |
|
|
AA
31
Ancora Advisors
Cleveland,
Ohio
| – | -$263K | -107,143 | Closed |
|
|
32
Squarepoint
New York
| – | -$85K | -34,710 | Closed |
|
33
Acadian Asset Management
Boston,
Massachusetts
| – | -$45K | -18,695 | Closed |
|
34
Belvedere Trading
Chicago,
Illinois
| – | -$21.9K | -8,956 | Closed |
|
35
Group One Trading
Chicago,
Illinois
| – | -$979 | -500 | Closed |
|
36
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$241 | -123 | -94% |
|
|
GWS
37
Glassman Wealth Services
Vienna,
Virginia
| – | -$42 | -17 | Closed |
|
38
Bank of America
Charlotte,
North Carolina
| – | -$15 | -6 | Closed |
|
ICD Hedge Fund Activity: Q1 2024 in Review
30 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Independence Contract Drilling, Inc. (ICD) for Q1 2024, worth a combined $7.11M — down 35% from $11M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ICD and 3 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 11 added.
The largest buyer was CastleKnight Management, adding an estimated $295K. The largest seller was Fairfax Financial Holdings, exiting entirely with an estimated $956K sold.
- 30 institutional investors held Independence Contract Drilling, Inc. (ICD) as of Q1 2024, down from 36 in Q4 2023.
- Funds reported $7.11M of Independence Contract Drilling, Inc. stock for Q1 2024, down 35% quarter-over-quarter.
- 3 funds opened new Independence Contract Drilling, Inc. positions in Q1 2024 and 8 closed out, a net change of -5 holders.
- The largest Independence Contract Drilling, Inc. buyer in Q1 2024 was CastleKnight Management, an estimated $295K added.
- The largest Independence Contract Drilling, Inc. seller in Q1 2024 was Fairfax Financial Holdings, an estimated $956K sold.
Based on aggregated 13F filings for Q1 2024.