National Energy Services Reunited Corp
NESR
11 hedge funds and large institutions have $121M invested in National Energy Services Reunited Corp in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 25 closing their positions.
7% more capital invested
Capital invested by funds: $113M → $121M (+$8.02M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
62% less funds holding
Funds holding: 29 → 11 (-18)
72% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SP
SCF Partners
Houston,
Texas
|
+$46.2M |
| 2 |
ECA
Encompass Capital Advisors
New York
|
+$20.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$9.62M |
| 4 |
CRCM
Crystal Rock Capital Management
Bannockburn,
Illinois
|
+$1.51M |
| 5 |
SCM
SIR Capital Management
New York
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$17.1M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$13.6M |
| 3 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
-$9.93M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$8.91M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$5.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCA
26
Castle Creek Arbitrage
Avon,
Colorado
| – | -$1.83M | -183,948 | Closed |
|
|
HIM
27
HGC Investment Management
Toronto,
Ontario, Canada
| – | -$1.72M | -173,100 | Closed |
|
|
VOAM
28
Vertex One Asset Management
Vancouver,
British Columbia, Canada
| – | -$1.66M | -166,650 | Closed |
|
|
GCL
29
Glazer Capital LLC
New York
| – | -$700K | -70,452 | Closed |
|
|
BCM
30
Basso Capital Management
Stamford,
Connecticut
| – | -$688K | -69,400 | Closed |
|
|
HCMT
31
Highland Capital Management (Texas)
Dallas,
Texas
| – | -$500K | -50,304 | Closed |
|
|
WAM
32
Wolverine Asset Management
Chicago,
Illinois
| – | -$357K | -36,000 | Closed |
|
|
KJHP
33
K.J. Harrison & Partners
Toronto,
Ontario, Canada
| – | -$249K | -25,125 | Closed |
|
|
GI
34
GAMCO Investors
Greenwich,
Connecticut
| – | -$206K | -20,793 | Closed |
|
35
UBS Group
Zurich,
Switzerland
| – | -$14K | -1,458 | Closed |
|
|
TRCT
36
Tower Research Capital (TRC)
New York
| – | +$356 | +35 | New |
|
NESR Hedge Fund Activity: Q2 2018 in Review
11 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in National Energy Services Reunited Corp (NESR) for Q2 2018, worth a combined $121M — up 7.1% from $113M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of NESR and 7 opened new positions — a net loss of 18 holders — while 2 trimmed existing stakes and 1 added.
The largest buyer was SCF Partners, opening a new position worth an estimated $46.2M. The largest seller was K2 Principal Fund, exiting entirely with an estimated $17.1M sold.
- 11 institutional investors held National Energy Services Reunited Corp (NESR) as of Q2 2018, down from 29 in Q1 2018.
- Funds reported $121M of National Energy Services Reunited Corp stock for Q2 2018, up 7.1% quarter-over-quarter.
- 7 funds opened new National Energy Services Reunited Corp positions in Q2 2018 and 25 closed out, a net change of -18 holders.
- The largest National Energy Services Reunited Corp buyer in Q2 2018 was SCF Partners, an estimated $46.2M added.
- The largest National Energy Services Reunited Corp seller in Q2 2018 was K2 Principal Fund, an estimated $17.1M sold.
Based on aggregated 13F filings for Q2 2018.