NexTier Oilfield Solutions Inc.
NEX was delisted on the 31st of August, 2023.
150 hedge funds and large institutions have $225M invested in NexTier Oilfield Solutions Inc. in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 51 increasing their positions, 56 reducing their positions, and 43 closing their positions.
9% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 56
15% less funds holding
Funds holding: 176 → 150 (-26)
20% less call options, than puts
Call options by funds: $28K | Put options by funds: $35K
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
58% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 43
83% less capital invested
Capital invested by funds: $1.32B → $225M (-$1.09B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$25.9M |
| 2 |
JP Morgan Chase
New York
|
+$15.5M |
| 3 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$12M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.2M |
| 5 |
Pzena Investment Management
New York
|
+$8.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$23.4M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$18.1M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$17M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$7.03M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$6.9M |
NEX Hedge Fund Activity: Q1 2020 in Review
150 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in NexTier Oilfield Solutions Inc. (NEX) for Q1 2020, worth a combined $225M — down 83% from $1.32B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of NEX and 18 opened new positions — a net loss of 25 holders — while 56 trimmed existing stakes and 51 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $25.9M. The largest seller was Citadel Advisors, cutting an estimated $23.4M.
- 150 institutional investors held NexTier Oilfield Solutions Inc. (NEX) as of Q1 2020, down from 176 in Q4 2019.
- Funds reported $225M of NexTier Oilfield Solutions Inc. stock for Q1 2020, down 83% quarter-over-quarter.
- 18 funds opened new NexTier Oilfield Solutions Inc. positions in Q1 2020 and 43 closed out, a net change of -25 holders.
- The largest NexTier Oilfield Solutions Inc. buyer in Q1 2020 was T. Rowe Price Associates, an estimated $25.9M added.
- The largest NexTier Oilfield Solutions Inc. seller in Q1 2020 was Citadel Advisors, an estimated $23.4M sold.
Based on aggregated 13F filings for Q1 2020.