Kinetik
KNTK
42 hedge funds and large institutions have $454M invested in Kinetik in 2018 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 29 closing their positions.
38% more capital invested
Capital invested by funds: $329M → $454M (+$125M)
7.84% more ownership
Funds ownership: 0% → 7.84% (+7.8%)
3% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 29
2% less funds holding
Funds holding: 43 → 42 (-1)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$140M |
| 2 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$81.2M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$73.7M |
| 4 |
ACG
Anchorage Capital Group
New York
|
+$34.1M |
| 5 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$31.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$23.8M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$22.8M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$17.2M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$17M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
-$16.7M |
KNTK Hedge Fund Activity: Q4 2018 in Review
42 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Kinetik (KNTK) for Q4 2018, worth a combined $454M — up 38% from $329M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of KNTK and 28 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 5 added.
The largest buyer was Kayne Anderson Capital Advisors, opening a new position worth an estimated $140M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $23.8M sold.
- 42 institutional investors held Kinetik (KNTK) as of Q4 2018, down from 43 in Q3 2018.
- Funds reported $454M of Kinetik stock for Q4 2018, up 38% quarter-over-quarter.
- 28 funds opened new Kinetik positions in Q4 2018 and 29 closed out, a net change of -1 holder.
- The largest Kinetik buyer in Q4 2018 was Kayne Anderson Capital Advisors, an estimated $140M added.
- The largest Kinetik seller in Q4 2018 was Fir Tree Capital Management, an estimated $23.8M sold.
Based on aggregated 13F filings for Q4 2018.