McDermott International
MDR
MDR was delisted on the 17th of January, 2020.
244 hedge funds and large institutions have $291M invested in McDermott International in 2019 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 80 increasing their positions, 74 reducing their positions, and 78 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 74
13% less funds holding
Funds holding: 280 → 244 (-36)
26% less call options, than puts
Call options by funds: $47.4M | Put options by funds: $63.7M
45% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 78
82% less capital invested
Capital invested by funds: $1.58B → $291M (-$1.29B)
100% less funds holding in top 10
Funds holding in top 10: 8 → 0 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$42.2M |
| 2 |
Millennium Management
New York
|
+$25.1M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$18M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.3M |
| 5 |
LM
Luminus Management
Houston,
Texas
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FC
Fairpointe Capital
Chicago,
Illinois
|
-$68.3M |
| 2 |
KCM
Kingstown Capital Management
New York
|
-$49.2M |
| 3 |
TC
Towle & Co
Denver,
Colorado
|
-$36.6M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$34.9M |
| 5 |
D.E. Shaw & Co
New York
|
-$20.3M |
MDR Hedge Fund Activity: Q3 2019 in Review
244 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in McDermott International (MDR) for Q3 2019, worth a combined $291M — down 82% from $1.58B a quarter earlier.
Sellers outnumbered buyers: 78 funds closed out of MDR and 43 opened new positions — a net loss of 35 holders — while 74 trimmed existing stakes and 80 added.
The largest buyer was BlackRock, adding an estimated $42.2M. The largest seller was Fairpointe Capital, exiting entirely with an estimated $68.3M sold.
- 244 institutional investors held McDermott International (MDR) as of Q3 2019, down from 280 in Q2 2019.
- Funds reported $291M of McDermott International stock for Q3 2019, down 82% quarter-over-quarter.
- 43 funds opened new McDermott International positions in Q3 2019 and 78 closed out, a net change of -35 holders.
- The largest McDermott International buyer in Q3 2019 was BlackRock, an estimated $42.2M added.
- The largest McDermott International seller in Q3 2019 was Fairpointe Capital, an estimated $68.3M sold.
Based on aggregated 13F filings for Q3 2019.