KNOT Offshore Partners
KNOP
48 hedge funds and large institutions have $269M invested in KNOT Offshore Partners in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 7 closing their positions.
3.56% less ownership
Funds ownership: 45.08% → 41.52% (-3.6%)
6% less funds holding
Funds holding: 51 → 48 (-3)
13% less capital invested
Capital invested by funds: $307M → $269M (-$38.6M)
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
95% less call options, than puts
Call options by funds: $205K | Put options by funds: $4.27M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.06M |
| 2 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$885K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$524K |
| 4 |
JP Morgan Chase
New York
|
+$442K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$398K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$10.2M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.2M |
| 3 |
LCM
Laurion Capital Management
New York
|
-$2.73M |
| 4 |
Renaissance Technologies
New York
|
-$2.55M |
| 5 |
Cohen & Steers
New York
|
-$2.31M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Arrowstreet Capital
Boston,
Massachusetts
| – | -$1.66M | -80,150 | Closed |
|
|
MWNA
52
Marshall Wace North America
New York
| – | -$352K | -16,951 | Closed |
|
53
Citadel Advisors
Miami,
Florida
| – | -$306K | -14,779 | Closed |
|
|
CG
54
Cutler Group
San Francisco,
California
| – | -$198K | -9,588 | -100% |
|
55
Simplex Trading
Chicago,
Illinois
| – | -$22.7K | -1,099 | Closed |
|
KNOP Hedge Fund Activity: Q1 2018 in Review
48 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in KNOT Offshore Partners (KNOP) for Q1 2018, worth a combined $269M — down 13% from $307M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of KNOP and 4 opened new positions — a net loss of 3 holders — while 18 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $1.06M. The largest seller was Tortoise Capital Advisors, exiting entirely with an estimated $10.2M sold.
- 48 institutional investors held KNOT Offshore Partners (KNOP) as of Q1 2018, down from 51 in Q4 2017.
- Funds reported $269M of KNOT Offshore Partners stock for Q1 2018, down 13% quarter-over-quarter.
- 4 funds opened new KNOT Offshore Partners positions in Q1 2018 and 7 closed out, a net change of -3 holders.
- The largest KNOT Offshore Partners buyer in Q1 2018 was Morgan Stanley, an estimated $1.06M added.
- The largest KNOT Offshore Partners seller in Q1 2018 was Tortoise Capital Advisors, an estimated $10.2M sold.
Based on aggregated 13F filings for Q1 2018.