Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
NBR.PRA was delisted on the 30th of April, 2021.
25 hedge funds and large institutions have $85M invested in Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A in 2018 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
4% more funds holding
Funds holding: 24 → 25 (+1)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
54% less capital invested
Capital invested by funds: $185M → $85M (-$100M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$15.3M |
| 2 |
SC
Sculptor Capital
New York
|
+$10.4M |
| 3 |
Barclays
London,
United Kingdom
|
+$8.99M |
| 4 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$6.06M |
| 5 |
D.E. Shaw & Co
New York
|
+$3.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Camden Asset Management
Los Angeles,
California
|
-$19.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$13.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.18M |
| 4 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$2.43M |
| 5 |
Citigroup
New York
|
-$2.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
26
Advisor Group
Phoenix,
Arizona
| $7K | – | – | – |
|
|
CAM
27
Camden Asset Management
Los Angeles,
California
| – | -$19.1M | -435,286 | Closed |
|
|
28
Invesco
Atlanta,
Georgia
| – | -$13.4M | -304,000 | Closed |
|
|
AIMCA
29
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
| – | -$883K | -20,000 | Closed |
|
30
Bank of Nova Scotia
Toronto,
Ontario, Canada
| – | -$812K | -18,550 | Closed |
|
|
LTI
31
Laffer Tengler Investments
Nashville,
Tennessee
| – | -$434K | -9,890 | Closed |
|
|
WSTAM
32
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$40K | -900 | Closed |
|
NBR.PRA Hedge Fund Activity: Q4 2018 in Review
25 of the 4,489 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 Q4 2018, worth a combined $85M — down 54% from $185M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NBR.PRA positions and 8 closed out — a net gain of 1 holder — while 6 added to existing stakes and 7 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $15.3M. The largest seller was Camden Asset Management, exiting entirely with an estimated $19.1M sold.
- 25 institutional investors held Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A (NBR.PRA) as of Q4 2018, up from 24 in Q3 2018.
- Funds reported $85M of Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A stock for Q4 2018, down 54% quarter-over-quarter.
- 9 funds opened new Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A positions in Q4 2018 and 8 closed out, a net change of +1 holder.
- The largest Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A buyer in Q4 2018 was Wolverine Asset Management, an estimated $15.3M added.
- The largest Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A seller in Q4 2018 was Camden Asset Management, an estimated $19.1M sold.
Based on aggregated 13F filings for Q4 2018.