Kinetik
KNTK
73 hedge funds and large institutions have $183M invested in Kinetik in 2019 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 32 increasing their positions, 20 reducing their positions, and 12 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 20
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
0.28% less ownership
Funds ownership: 8.34% → 8.06% (-0.28%)
5% less capital invested
Capital invested by funds: $193M → $183M (-$10M)
8% less funds holding
Funds holding: 79 → 73 (-6)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$10.5M |
| 2 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$6.25M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$2.88M |
| 4 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$2.39M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$11.6M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$8.49M |
| 3 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
-$6.57M |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$2.42M |
| 5 |
Goldman Sachs
New York
|
-$1.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IHL
76
Investment House LLC
Redondo Beach,
California
| – | -$255K | -9,000 | Closed |
|
|
LI
77
Leap Investments
Chicago,
Illinois
| – | -$77K | -2,720 | Closed |
|
78
Envestnet Asset Management
Chicago,
Illinois
| – | -$74K | -2,618 | Closed |
|
79
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$67K | -2,360 | Closed |
|
|
SO
80
STRS Ohio
Columbus,
Ohio
| – | -$37K | -1,340 | Closed |
|
|
TRCT
81
Tower Research Capital (TRC)
New York
| – | -$3K | -123 | Closed |
|
82
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$207 | +9 | New |
|
KNTK Hedge Fund Activity: Q4 2019 in Review
73 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Kinetik (KNTK) for Q4 2019, worth a combined $183M — down 5.2% from $193M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of KNTK and 6 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 32 added.
The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $10.5M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $11.6M.
- 73 institutional investors held Kinetik (KNTK) as of Q4 2019, down from 79 in Q3 2019.
- Funds reported $183M of Kinetik stock for Q4 2019, down 5.2% quarter-over-quarter.
- 6 funds opened new Kinetik positions in Q4 2019 and 12 closed out, a net change of -6 holders.
- The largest Kinetik buyer in Q4 2019 was Hotchkis & Wiley Capital Management, an estimated $10.5M added.
- The largest Kinetik seller in Q4 2019 was Kayne Anderson Capital Advisors, an estimated $11.6M sold.
Based on aggregated 13F filings for Q4 2019.