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MDU Resources
MDU

410 hedge funds and large institutions have $4.4B invested in MDU Resources in 2023 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 129 increasing their positions, 140 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,051% more call options, than puts

Call options by funds: $2.84M | Put options by funds: $247K

35% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 31

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

2% more funds holding

Funds holding: 403 → 410 (+7)

3% more capital invested

Capital invested by funds: $4.25B → $4.4B (+$148M)

8% less repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 140

1.52% less ownership

Funds ownership: 188.05% → 186.53% (-1.5%)

Holders
410
Holders Change
+7
Holders Change %
+1.74%
% of All Funds
6.53%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.11%
New
42
Increased
129
Reduced
140
Closed
31
Calls
$2.84M
Puts
$247K
Net Calls
+$2.6M
Net Calls Change
-$1.07M

Top Buyers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$32.1M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$25M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
+$14.9M
4
Norges Bank
Norges Bank
Norway
+$12.8M
5
CM
Crestline Management
Texas
+$10.6M

Top Sellers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
-$40.7M
2
OCAM
Owl Creek Asset Management
New York
-$32.3M
3
Invesco
Invesco
Georgia
-$30M
4
State Street
State Street
Massachusetts
-$19.7M
5
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$15.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
USAA
251
United Services Automobile Association
Texas
$384K -$302K -25,991 -44%
HNB
252
Huntington National Bank
Ohio
$383K – – –
ACG
253
Aventail Capital Group
New York
$377K +$378K +32,540 New
BNP Paribas Financial Markets
254
BNP Paribas Financial Markets
France
$368K -$1.55M -133,341 -81%
MAP
255
Moody Aldrich Partners
Massachusetts
$367K -$209K -17,980 -36%
KAS
256
Kestra Advisory Services
Texas
$361K -$82.7K -7,114 -19%
FCBT
257
First Citizens Bank & Trust
North Carolina
$361K – – –
LWAM
258
Legacy Wealth Asset Management
Minnesota
$347K – – –
GC
259
Grimes & Company
Massachusetts
$325K +$326K +28,050 New
CB
260
CNB Bank
Pennsylvania
$325K – – –
ECM
261
Elgethun Capital Management
South Dakota
$322K +$1.57K +135 +0.5%
Mackenzie Financial
262
Mackenzie Financial
Ontario, Canada
$315K +$316K +27,182 New
SCM
263
Shelton Capital Management
Colorado
$311K -$14.4K -1,242 -4%
HIM
264
Harbour Investment Management
Washington
$311K -$2.3K -198 -0.7%
AAS
265
Avantax Advisory Services
Texas
$309K +$2.14K +184 +0.7%
State of Tennessee, Department of Treasury
266
State of Tennessee, Department of Treasury
Tennessee
$308K -$20.2K -1,738 -6%
FIM
267
Fernwood Investment Management
Massachusetts
$305K – – –
HCA
268
Horan Capital Advisors
Ohio
$305K – – –
CHC
269
City Holding Co
West Virginia
$304K -$4.59K -395 -1%
AWM
270
Apollon Wealth Management
South Carolina
$297K +$26.7K +2,296 +10%
Koshinski Asset Management
271
Koshinski Asset Management
Illinois
$295K – – –
GT
272
Greenleaf Trust
Michigan
$290K +$9.28K +799 +3%
4WM
273
44 Wealth Management
Oregon
$275K +$1.82K +157 +0.7%
AIM
274
Anchor Investment Management
South Carolina
$274K +$30.6K +2,630 +13%
II
275
Inspire Investing
Idaho
$272K +$35.7K +3,074 +15%
9 10
11
12 13

MDU Hedge Fund Activity: Q1 2023 in Review

410 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in MDU Resources (MDU) for Q1 2023, worth a combined $4.4B — up 3.5% from $4.25B a quarter earlier.

Buyers outnumbered sellers: 42 funds opened new MDU positions and 31 closed out — a net gain of 11 holders — while 129 added to existing stakes and 140 trimmed.

The largest buyer was Adage Capital Partners, opening a new position worth an estimated $32.1M. The largest seller was Goldman Sachs, cutting an estimated $40.7M.

  • 410 institutional investors held MDU Resources (MDU) as of Q1 2023, up from 403 in Q4 2022.
  • Funds reported $4.4B of MDU Resources stock for Q1 2023, up 3.5% quarter-over-quarter.
  • 42 funds opened new MDU Resources positions in Q1 2023 and 31 closed out, a net change of +11 holders.
  • The largest MDU Resources buyer in Q1 2023 was Adage Capital Partners, an estimated $32.1M added.
  • The largest MDU Resources seller in Q1 2023 was Goldman Sachs, an estimated $40.7M sold.

Based on aggregated 13F filings for Q1 2023.