Independence Contract Drilling, Inc.
ICD was delisted on the 28th of August, 2024.
38 hedge funds and large institutions have $15.5M invested in Independence Contract Drilling, Inc. in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 8 closing their positions.
124% more call options, than puts
Call options by funds: $110K | Put options by funds: $49K
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
3% less capital invested
Capital invested by funds: $16M → $15.5M (-$499K)
12% less funds holding
Funds holding: 43 → 38 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
MSD Partners
New York
|
+$1.39M |
| 2 |
TC
Tejara Capital
London,
United Kingdom
|
+$510K |
| 3 |
CM
CastleKnight Management
New York
|
+$409K |
| 4 |
Jane Street
New York
|
+$263K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$137K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$2.32M |
| 2 |
Millennium Management
New York
|
-$419K |
| 3 |
Two Sigma Advisers
New York
|
-$277K |
| 4 |
Two Sigma Investments
New York
|
-$270K |
| 5 |
GCM
Glendon Capital Management
Santa Monica,
California
|
-$168K |
ICD Hedge Fund Activity: Q1 2023 in Review
38 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Independence Contract Drilling, Inc. (ICD) for Q1 2023, worth a combined $15.5M — down 3.1% from $16M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ICD and 3 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 14 added.
The largest buyer was MSD Partners, adding an estimated $1.39M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $2.32M sold.
- 38 institutional investors held Independence Contract Drilling, Inc. (ICD) as of Q1 2023, down from 43 in Q4 2022.
- Funds reported $15.5M of Independence Contract Drilling, Inc. stock for Q1 2023, down 3.1% quarter-over-quarter.
- 3 funds opened new Independence Contract Drilling, Inc. positions in Q1 2023 and 8 closed out, a net change of -5 holders.
- The largest Independence Contract Drilling, Inc. buyer in Q1 2023 was MSD Partners, an estimated $1.39M added.
- The largest Independence Contract Drilling, Inc. seller in Q1 2023 was Adage Capital Partners, an estimated $2.32M sold.
Based on aggregated 13F filings for Q1 2023.