KNOT Offshore Partners
KNOP
30 hedge funds and large institutions have $245M invested in KNOT Offshore Partners in 2014 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
3.18% more ownership
Funds ownership: 79.45% → 82.62% (+3.2%)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
1% less call options, than puts
Call options by funds: $147K | Put options by funds: $148K
3% less funds holding
Funds holding: 31 → 30 (-1)
7% less capital invested
Capital invested by funds: $264M → $245M (-$19.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EGA
Eagle Global Advisors
Houston,
Texas
|
+$4.15M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$4.11M |
| 3 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$3.36M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.78M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$9.72M |
| 2 |
AR
Advisory Research
Chicago,
Illinois
|
-$2.36M |
| 3 |
Renaissance Technologies
New York
|
-$1.5M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.5M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$991K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WRM
26
Westport Resources Management
Westport,
Connecticut
| $51K | -$136K | -6,000 | -72% |
|
27
AllianceBernstein
Nashville,
Tennessee
| $38K | +$38.5K | +1,700 | New |
|
28
Citigroup
New York
| $18K | +$10.1K | +445 | +111% |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $9K | -$11.3K | -500 | -56% |
|
|
AIG
30
American International Group
New York
| $2.82K | – | – | – |
|
|
31
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$1.5M | -59,900 | Closed |
|
|
32
Renaissance Technologies
New York
| – | -$1.5M | -59,900 | Closed |
|
|
NCCM
33
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$797K | -31,900 | Closed |
|
|
VKH
34
Virtu KCG Holdings
New York
| – | -$633K | -25,367 | Closed |
|
|
BRWM
35
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$8K | -350 | Closed |
|
36
Wells Fargo
San Francisco,
California
| – | -$23 | -1 | Closed |
|
KNOP Hedge Fund Activity: Q4 2014 in Review
30 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in KNOT Offshore Partners (KNOP) for Q4 2014, worth a combined $245M — down 7.4% from $264M a quarter earlier.
Fund positioning in KNOP was balanced in Q4 2014: 6 funds opened new positions, 6 closed out, 12 added to existing stakes and 8 trimmed.
The largest buyer was Eagle Global Advisors, adding an estimated $4.15M. The largest seller was HITE Hedge Asset Management, cutting an estimated $9.72M.
- 30 institutional investors held KNOT Offshore Partners (KNOP) as of Q4 2014, down from 31 in Q3 2014.
- Funds reported $245M of KNOT Offshore Partners stock for Q4 2014, down 7.4% quarter-over-quarter.
- 6 funds opened new KNOT Offshore Partners positions in Q4 2014 and 6 closed out, a net change of 0 holders.
- The largest KNOT Offshore Partners buyer in Q4 2014 was Eagle Global Advisors, an estimated $4.15M added.
- The largest KNOT Offshore Partners seller in Q4 2014 was HITE Hedge Asset Management, an estimated $9.72M sold.
Based on aggregated 13F filings for Q4 2014.