Kinetik
KNTK
43 hedge funds and large institutions have $329M invested in Kinetik in 2018 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
34% more funds holding
Funds holding: 32 → 43 (+11)
30% more capital invested
Capital invested by funds: $253M → $329M (+$75.9M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
+$31.9M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
+$16.7M |
| 3 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
+$15.2M |
| 4 |
FBCM
Fort Baker Capital Management
Larkspur,
California
|
+$11.9M |
| 5 |
HCM
Highbridge Capital Management
New York
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$13.6M |
| 2 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$10.3M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$10.2M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$8.93M |
| 5 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$8.32M |
KNTK Hedge Fund Activity: Q3 2018 in Review
43 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Kinetik (KNTK) for Q3 2018, worth a combined $329M — up 30% from $253M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new KNTK positions and 7 closed out — a net gain of 11 holders — while 8 added to existing stakes and 11 trimmed.
The largest buyer was HITE Hedge Asset Management, opening a new position worth an estimated $31.9M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $13.6M sold.
- 43 institutional investors held Kinetik (KNTK) as of Q3 2018, up from 32 in Q2 2018.
- Funds reported $329M of Kinetik stock for Q3 2018, up 30% quarter-over-quarter.
- 18 funds opened new Kinetik positions in Q3 2018 and 7 closed out, a net change of +11 holders.
- The largest Kinetik buyer in Q3 2018 was HITE Hedge Asset Management, an estimated $31.9M added.
- The largest Kinetik seller in Q3 2018 was Weiss Asset Management, an estimated $13.6M sold.
Based on aggregated 13F filings for Q3 2018.