Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
NBR.PRA was delisted on the 30th of April, 2021.
24 hedge funds and large institutions have $185M invested in Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 10 closing their positions.
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
14% less capital invested
Capital invested by funds: $215M → $185M (-$29.5M)
17% less funds holding
Funds holding: 29 → 24 (-5)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$11.1M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$9.68M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$8.74M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$3.65M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Advent Capital Management
New York
|
-$24M |
| 2 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$13.1M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$10.9M |
| 4 |
OTC
Opera Trading Capital
Paris,
France
|
-$8.25M |
| 5 |
Jane Street
New York
|
-$6.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Barclays
London,
United Kingdom
| – | -$6.28M | -136,300 | Closed |
|
|
OCM
27
Oaktree Capital Management
Los Angeles,
California
| – | -$5.07M | -110,000 | Closed |
|
28
Lazard Asset Management
New York
| – | -$2.24M | -49,060 | Closed |
|
|
MA
29
MUFG Americas
New York
| – | -$1.47M | -32,269 | Closed |
|
|
MSU
30
Mizuho Securities USA
New York
| – | -$1.14M | -25,000 | Closed |
|
31
Wells Fargo
San Francisco,
California
| – | -$665K | -14,400 | Closed |
|
|
AGM
32
Alpine Global Management
New York
| – | -$200K | -4,341 | Closed |
|
33
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$6K | -1,290 | Closed |
|
34
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | +$88 | +2 | New |
|
NBR.PRA Hedge Fund Activity: Q3 2018 in Review
24 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A (NBR.PRA) for Q3 2018, worth a combined $185M — down 14% from $215M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NBR.PRA and 5 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was JP Morgan Chase, adding an estimated $11.1M. The largest seller was Advent Capital Management, exiting entirely with an estimated $24M sold.
- 24 institutional investors held Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A (NBR.PRA) as of Q3 2018, down from 29 in Q2 2018.
- Funds reported $185M of Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A stock for Q3 2018, down 14% quarter-over-quarter.
- 5 funds opened new Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A positions in Q3 2018 and 10 closed out, a net change of -5 holders.
- The largest Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A buyer in Q3 2018 was JP Morgan Chase, an estimated $11.1M added.
- The largest Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A seller in Q3 2018 was Advent Capital Management, an estimated $24M sold.
Based on aggregated 13F filings for Q3 2018.