Kinetik
KNTK
66 hedge funds and large institutions have $44.1M invested in Kinetik in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 14 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 19
0.21% less ownership
Funds ownership: 8.06% → 7.86% (-0.21%)
10% less funds holding
Funds holding: 73 → 66 (-7)
36% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 14
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
76% less capital invested
Capital invested by funds: $183M → $44.1M (-$139M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$2.26M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.62M |
| 3 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$1.51M |
| 4 |
RHI
Richmond Hill Investments
New York
|
+$817K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$515K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$6.58M |
| 2 |
Cohen & Steers
New York
|
-$2.65M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.43M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$962K |
| 5 |
Fayez Sarofim & Co
Houston,
Texas
|
-$572K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$21K | -752 | Closed |
|
77
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -19 | Closed |
|
|
BCA
78
Berman Capital Advisors
Atlanta,
Georgia
| – | +$807 | +45 | New |
|
|
MAM
79
Meeder Asset Management
Dublin,
Ohio
| – | +$2.64K | +147 | New |
|
KNTK Hedge Fund Activity: Q1 2020 in Review
66 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Kinetik (KNTK) for Q1 2020, worth a combined $44.1M — down 76% from $183M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of KNTK and 9 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 21 added.
The largest buyer was NXG Investment Management, adding an estimated $2.26M. The largest seller was Salient Capital Advisors, exiting entirely with an estimated $6.58M sold.
- 66 institutional investors held Kinetik (KNTK) as of Q1 2020, down from 73 in Q4 2019.
- Funds reported $44.1M of Kinetik stock for Q1 2020, down 76% quarter-over-quarter.
- 9 funds opened new Kinetik positions in Q1 2020 and 14 closed out, a net change of -5 holders.
- The largest Kinetik buyer in Q1 2020 was NXG Investment Management, an estimated $2.26M added.
- The largest Kinetik seller in Q1 2020 was Salient Capital Advisors, an estimated $6.58M sold.
Based on aggregated 13F filings for Q1 2020.