KNOT Offshore Partners
KNOP
46 hedge funds and large institutions have $209M invested in KNOT Offshore Partners in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 9 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
4% less capital invested
Capital invested by funds: $219M → $209M (-$9.47M)
1.45% less ownership
Funds ownership: 35.05% → 33.61% (-1.4%)
8% less funds holding
Funds holding: 50 → 46 (-4)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
65% less call options, than puts
Call options by funds: $1M | Put options by funds: $2.83M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$31.8M |
| 2 |
Renaissance Technologies
New York
|
+$3.63M |
| 3 |
Morgan Stanley
New York
|
+$1.27M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$880K |
| 5 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$794K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
-$31.8M |
| 2 |
EGA
Eagle Global Advisors
Houston,
Texas
|
-$12.1M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.07M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$732K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$705K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
51
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$281K | -14,729 | Closed |
|
|
PI
52
PEAK6 Investments
Chicago,
Illinois
| – | -$23K | -1,213 | Closed |
|
53
Simplex Trading
Chicago,
Illinois
| – | -$14.6K | -767 | Closed |
|
|
CG
54
Cutler Group
San Francisco,
California
| – | -$5K | -300 | Closed |
|
KNOP Hedge Fund Activity: Q3 2019 in Review
46 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in KNOT Offshore Partners (KNOP) for Q3 2019, worth a combined $209M — down 4.3% from $219M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of KNOP and 6 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 16 added.
The largest buyer was Tortoise Capital Advisors, opening a new position worth an estimated $31.8M. The largest seller was Advisory Research, exiting entirely with an estimated $31.8M sold.
- 46 institutional investors held KNOT Offshore Partners (KNOP) as of Q3 2019, down from 50 in Q2 2019.
- Funds reported $209M of KNOT Offshore Partners stock for Q3 2019, down 4.3% quarter-over-quarter.
- 6 funds opened new KNOT Offshore Partners positions in Q3 2019 and 9 closed out, a net change of -3 holders.
- The largest KNOT Offshore Partners buyer in Q3 2019 was Tortoise Capital Advisors, an estimated $31.8M added.
- The largest KNOT Offshore Partners seller in Q3 2019 was Advisory Research, an estimated $31.8M sold.
Based on aggregated 13F filings for Q3 2019.