Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
NBR.PRA was delisted on the 30th of April, 2021.
23 hedge funds and large institutions have $70.8M invested in Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 3 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
5% more funds holding
Funds holding: 22 → 23 (+1)
33% less capital invested
Capital invested by funds: $106M → $70.8M (-$35.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.28M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$5.42M |
| 3 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$1.86M |
| 4 |
SC
Sculptor Capital
New York
|
+$1.73M |
| 5 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$11.4M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$9.55M |
| 3 |
Barclays
London,
United Kingdom
|
-$2.45M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
-$1.31M |
| 5 |
ES
Equitec Specialists
Chicago,
Illinois
|
-$1.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Ameriprise
Minneapolis,
Minnesota
| – | -$11.4M | -490,000 | Closed |
|
|
CL
27
CSS LLC
Chicago,
Illinois
| – | -$1.31M | -56,685 | Closed |
|
28
Jane Street
New York
| – | -$450K | -20,000 | Closed |
|
NBR.PRA Hedge Fund Activity: Q3 2019 in Review
23 of the 4,561 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 2019, worth a combined $70.8M — down 33% from $106M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new NBR.PRA positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 5 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $6.28M. The largest seller was Ameriprise, exiting entirely with an estimated $11.4M sold.
- 23 institutional investors held Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A (NBR.PRA) as of Q3 2019, up from 22 in Q2 2019.
- Funds reported $70.8M of Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A stock for Q3 2019, down 33% quarter-over-quarter.
- 4 funds opened new Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A positions in Q3 2019 and 3 closed out, a net change of +1 holder.
- The largest Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A buyer in Q3 2019 was Fidelity Investments, an estimated $6.28M added.
- The largest Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A seller in Q3 2019 was Ameriprise, an estimated $11.4M sold.
Based on aggregated 13F filings for Q3 2019.