KLX Energy Services
KLXE
161 hedge funds and large institutions have $485M invested in KLX Energy Services in 2018 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 61 increasing their positions, 41 reducing their positions, and 54 closing their positions.
72% more call options, than puts
Call options by funds: $424K | Put options by funds: $246K
49% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 41
1.51% more ownership
Funds ownership: 16.94% → 18.45% (+1.5%)
7% less funds holding
Funds holding: 173 → 161 (-12)
19% less capital invested
Capital invested by funds: $599M → $485M (-$114M)
22% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 54
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Paradice Investment Management
Denver,
Colorado
|
+$32.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$15M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
+$10.2M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$8.36M |
| 5 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
-$10.9M |
| 2 |
SAM
Sandell Asset Management
New York
|
-$10.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.67M |
| 4 |
SCC
Spring Creek Capital
Wichita,
Kansas
|
-$6.21M |
| 5 |
CC
Carlson Capital
Dallas,
Texas
|
-$4.32M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WSTAM
201
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$3K | -17 | Closed |
|
202
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$3K | -16 | Closed |
|
|
SPIA
203
Steward Partners Investment Advisory
New York
| – | -$1K | -9 | Closed |
|
|
ST
204
Smithfield Trust
Pittsburgh,
Pennsylvania
| – | -$1K | -3 | Closed |
|
|
LFG
205
Larson Financial Group
St Louis,
Missouri
| – | +$139 | +1 | New |
|
206
Simplex Trading
Chicago,
Illinois
| – | +$139 | +1 | New |
|
|
PMFA
207
Plante Moran Financial Advisors
Southfield,
Michigan
| – | +$416 | +3 | New |
|
|
BBHC
208
Brown Brothers Harriman & Co
New York
| – | +$554 | +4 | New |
|
|
LC
209
Lindbrook Capital
Calabasas,
California
| – | +$1.11K | +8 | New |
|
KLXE Hedge Fund Activity: Q4 2018 in Review
161 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in KLX Energy Services (KLXE) for Q4 2018, worth a combined $485M — down 19% from $599M a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of KLXE and 42 opened new positions — a net loss of 12 holders — while 41 trimmed existing stakes and 61 added.
The largest buyer was Paradice Investment Management, adding an estimated $32.2M. The largest seller was First Eagle Investment Management, exiting entirely with an estimated $10.9M sold.
- 161 institutional investors held KLX Energy Services (KLXE) as of Q4 2018, down from 173 in Q3 2018.
- Funds reported $485M of KLX Energy Services stock for Q4 2018, down 19% quarter-over-quarter.
- 42 funds opened new KLX Energy Services positions in Q4 2018 and 54 closed out, a net change of -12 holders.
- The largest KLX Energy Services buyer in Q4 2018 was Paradice Investment Management, an estimated $32.2M added.
- The largest KLX Energy Services seller in Q4 2018 was First Eagle Investment Management, an estimated $10.9M sold.
Based on aggregated 13F filings for Q4 2018.