Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A
NBR.PRA
NBR.PRA was delisted on the 30th of April, 2021.
22 hedge funds and large institutions have $99M invested in Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 5 closing their positions.
40% more capital invested
Capital invested by funds: $70.8M → $99M (+$28.2M)
4% less funds holding
Funds holding: 23 → 22 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$9.16M |
| 2 |
LP
LMR Partners
London,
United Kingdom
|
+$5.19M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$4.98M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.17M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$2.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$5.51M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$4.64M |
| 3 |
AGC
Angelo Gordon & Co
New York
|
-$2.84M |
| 4 |
SC
Sculptor Capital
New York
|
-$2.63M |
| 5 |
Barclays
London,
United Kingdom
|
-$1.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Millennium Management
New York
| – | -$474K | -29,512 | Closed |
|
|
SPIA
27
Steward Partners Investment Advisory
New York
| – | -$4K | -250 | Closed |
|
NBR.PRA Hedge Fund Activity: Q4 2019 in Review
22 of the 5,076 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 2019, worth a combined $99M — up 40% from $70.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NBR.PRA and 4 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 4 added.
The largest buyer was Fidelity Investments, adding an estimated $9.16M. The largest seller was Credit Suisse, exiting entirely with an estimated $5.51M sold.
- 22 institutional investors held Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A (NBR.PRA) as of Q4 2019, down from 23 in Q3 2019.
- Funds reported $99M of Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A stock for Q4 2019, up 40% quarter-over-quarter.
- 4 funds opened new Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A positions in Q4 2019 and 5 closed out, a net change of -1 holder.
- The largest Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A buyer in Q4 2019 was Fidelity Investments, an estimated $9.16M added.
- The largest Nabors Industries Ltd. 6.00% Mandatory Convertible Preferred Shares, Series A seller in Q4 2019 was Credit Suisse, an estimated $5.51M sold.
Based on aggregated 13F filings for Q4 2019.