Nordic American Tanker
127 hedge funds and large institutions have $67M invested in Nordic American Tanker in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 52 increasing their positions, 29 reducing their positions, and 33 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 29
4.01% less ownership
Funds ownership: 28.75% → 24.74% (-4%)
14% less funds holding
Funds holding: 147 → 127 (-20)
33% less capital invested
Capital invested by funds: $99.8M → $67M (-$32.8M)
61% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 33
70% less call options, than puts
Call options by funds: $1.9M | Put options by funds: $6.38M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFIC
City Financial Investment Company
London,
United Kingdom
|
+$4.58M |
| 2 |
BlackRock
New York
|
+$4.53M |
| 3 |
GIM
Greylin Investment Management
Orange,
Virginia
|
+$1.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.43M |
| 5 |
State Street
Boston,
Massachusetts
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QF
QVT Financial
New York
|
-$8.48M |
| 2 |
KSCM
Key Square Capital Management
Stamford,
Connecticut
|
-$5.77M |
| 3 |
Morgan Stanley
New York
|
-$5.31M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$3.55M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.94M |
NAT Hedge Fund Activity: Q1 2018 in Review
127 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Nordic American Tanker (NAT) for Q1 2018, worth a combined $67M — down 33% from $99.8M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of NAT and 13 opened new positions — a net loss of 20 holders — while 29 trimmed existing stakes and 52 added.
The largest buyer was City Financial Investment Company, opening a new position worth an estimated $4.58M. The largest seller was QVT Financial, exiting entirely with an estimated $8.48M sold.
- 127 institutional investors held Nordic American Tanker (NAT) as of Q1 2018, down from 147 in Q4 2017.
- Funds reported $67M of Nordic American Tanker stock for Q1 2018, down 33% quarter-over-quarter.
- 13 funds opened new Nordic American Tanker positions in Q1 2018 and 33 closed out, a net change of -20 holders.
- The largest Nordic American Tanker buyer in Q1 2018 was City Financial Investment Company, an estimated $4.58M added.
- The largest Nordic American Tanker seller in Q1 2018 was QVT Financial, an estimated $8.48M sold.
Based on aggregated 13F filings for Q1 2018.