KNOT Offshore Partners
KNOP
31 hedge funds and large institutions have $264M invested in KNOT Offshore Partners in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 1 reducing their positions, and 5 closing their positions.
1,600% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 1
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
11.92% more ownership
Funds ownership: 67.52% → 79.45% (+12%)
7% more funds holding
Funds holding: 29 → 31 (+2)
5% more capital invested
Capital invested by funds: $252M → $264M (+$12.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
+$11.7M |
| 2 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
+$6.69M |
| 3 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$5.9M |
| 4 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$5.52M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$4.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$444K |
| 2 |
Neuberger Berman Group
New York
|
-$387K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$242K |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$44K |
| 5 |
TAM
Tocqueville Asset Management
New York
|
-$42K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WRM
26
Westport Resources Management
Westport,
Connecticut
| $207K | +$62.7K | +2,300 | +38% |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $22K | +$13.6K | +499 | +124% |
|
28
Citigroup
New York
| $10K | +$10.9K | +400 | New |
|
|
BRWM
29
B. Riley Wealth Management
Memphis,
Tennessee
| $8K | +$9.55K | +350 | New |
|
|
AIG
30
American International Group
New York
| $3.17K | – | – | – |
|
|
31
Jennison Associates
New York
| – | -$444K | -15,695 | Closed |
|
|
32
Neuberger Berman Group
New York
| – | -$387K | -13,691 | Closed |
|
|
33
Acadian Asset Management
Boston,
Massachusetts
| – | -$44K | -1,556 | Closed |
|
|
TAM
34
Tocqueville Asset Management
New York
| – | -$42K | -1,500 | Closed |
|
|
PMFA
35
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$14K | -500 | Closed |
|
36
Wells Fargo
San Francisco,
California
| – | +$27 | +1 | New |
|
KNOP Hedge Fund Activity: Q3 2014 in Review
31 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in KNOT Offshore Partners (KNOP) for Q3 2014, worth a combined $264M — up 5% from $252M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new KNOP positions and 5 closed out — a net gain of 2 holders — while 17 added to existing stakes and 1 trimmed.
The largest buyer was OppenheimerFunds, adding an estimated $11.7M. The largest seller was Jennison Associates, exiting entirely with an estimated $444K sold.
- 31 institutional investors held KNOT Offshore Partners (KNOP) as of Q3 2014, up from 29 in Q2 2014.
- Funds reported $264M of KNOT Offshore Partners stock for Q3 2014, up 5% quarter-over-quarter.
- 7 funds opened new KNOT Offshore Partners positions in Q3 2014 and 5 closed out, a net change of +2 holders.
- The largest KNOT Offshore Partners buyer in Q3 2014 was OppenheimerFunds, an estimated $11.7M added.
- The largest KNOT Offshore Partners seller in Q3 2014 was Jennison Associates, an estimated $444K sold.
Based on aggregated 13F filings for Q3 2014.