Nordic American Tanker
120 hedge funds and large institutions have $227M invested in Nordic American Tanker in 2014 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 30 increasing their positions, 64 reducing their positions, and 29 closing their positions.
3.18% less ownership
Funds ownership: 35.3% → 32.12% (-3.2%)
4% less funds holding
Funds holding: 125 → 120 (-5)
14% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 29
23% less capital invested
Capital invested by funds: $293M → $227M (-$66.8M)
35% less call options, than puts
Call options by funds: $5.35M | Put options by funds: $8.26M
53% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
+$16.6M |
| 2 |
FIG
Fortress Investment Group
New York
|
+$5.84M |
| 3 |
Millennium Management
New York
|
+$2.69M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$2.14M |
| 5 |
LMGAM
Liberty Mutual Group Asset Management
Boston,
Massachusetts
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$11.7M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$6.12M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$5.4M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.71M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$2.99M |
NAT Hedge Fund Activity: Q3 2014 in Review
120 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Nordic American Tanker (NAT) for Q3 2014, worth a combined $227M — down 23% from $293M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of NAT and 25 opened new positions — a net loss of 4 holders — while 64 trimmed existing stakes and 30 added.
The largest buyer was Huber Capital Management, adding an estimated $16.6M. The largest seller was Renaissance Technologies, cutting an estimated $11.7M.
- 120 institutional investors held Nordic American Tanker (NAT) as of Q3 2014, down from 125 in Q2 2014.
- Funds reported $227M of Nordic American Tanker stock for Q3 2014, down 23% quarter-over-quarter.
- 25 funds opened new Nordic American Tanker positions in Q3 2014 and 29 closed out, a net change of -4 holders.
- The largest Nordic American Tanker buyer in Q3 2014 was Huber Capital Management, an estimated $16.6M added.
- The largest Nordic American Tanker seller in Q3 2014 was Renaissance Technologies, an estimated $11.7M sold.
Based on aggregated 13F filings for Q3 2014.