NexTier Oilfield Solutions Inc.
NEX was delisted on the 31st of August, 2023.
144 hedge funds and large institutions have $826M invested in NexTier Oilfield Solutions Inc. in 2021 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 46 increasing their positions, 54 reducing their positions, and 23 closing their positions.
5% less funds holding
Funds holding: 151 → 144 (-7)
7% less capital invested
Capital invested by funds: $884M → $826M (-$58.8M)
13% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 23
15% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 54
18% less call options, than puts
Call options by funds: $6.29M | Put options by funds: $7.67M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$14M |
| 2 |
Goldman Sachs
New York
|
+$13.4M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$8.7M |
| 4 |
ACB
Aristotle Capital Boston
Boston,
Massachusetts
|
+$4.25M |
| 5 |
SCM
SIR Capital Management
New York
|
+$3.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$12M |
| 2 |
Citigroup
New York
|
-$9.69M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.01M |
| 4 |
Renaissance Technologies
New York
|
-$5.65M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$5.51M |
NEX Hedge Fund Activity: Q3 2021 in Review
144 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in NexTier Oilfield Solutions Inc. (NEX) for Q3 2021, worth a combined $826M — down 6.7% from $884M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of NEX and 20 opened new positions — a net loss of 3 holders — while 54 trimmed existing stakes and 46 added.
The largest buyer was Pzena Investment Management, adding an estimated $14M. The largest seller was T. Rowe Price Associates, cutting an estimated $12M.
- 144 institutional investors held NexTier Oilfield Solutions Inc. (NEX) as of Q3 2021, down from 151 in Q2 2021.
- Funds reported $826M of NexTier Oilfield Solutions Inc. stock for Q3 2021, down 6.7% quarter-over-quarter.
- 20 funds opened new NexTier Oilfield Solutions Inc. positions in Q3 2021 and 23 closed out, a net change of -3 holders.
- The largest NexTier Oilfield Solutions Inc. buyer in Q3 2021 was Pzena Investment Management, an estimated $14M added.
- The largest NexTier Oilfield Solutions Inc. seller in Q3 2021 was T. Rowe Price Associates, an estimated $12M sold.
Based on aggregated 13F filings for Q3 2021.