New Fortress Energy
NFE
28 hedge funds and large institutions have $220M invested in New Fortress Energy in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 7 closing their positions.
57% more capital invested
Capital invested by funds: $141M → $220M (+$79.6M)
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
1.02% more ownership
Funds ownership: 57.69% → 58.7% (+1%)
7% less funds holding
Funds holding: 30 → 28 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$30.5M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$8.98M |
| 3 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$3.93M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$3.68M |
| 5 |
Capital World Investors
Los Angeles,
California
|
+$674K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFO
Duquesne Family Office
New York
|
-$14.1M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$7.36M |
| 3 |
ECA
Encompass Capital Advisors
New York
|
-$5.84M |
| 4 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$4.74M |
| 5 |
Goldman Sachs
New York
|
-$3.75M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $11K | – | – | – |
|
|
AG
27
Advisor Group
Phoenix,
Arizona
| $10K | +$7.82K | +546 | New |
|
|
DFO
28
Duquesne Family Office
New York
| – | -$14.1M | -1,200,000 | Closed |
|
|
29
Goldman Sachs
New York
| – | -$3.75M | -320,034 | Closed |
|
30
Barclays
London,
United Kingdom
| – | -$2.23M | -190,100 | Closed |
|
31
Stifel Financial
St. Louis,
Missouri
| – | -$399K | -34,000 | Closed |
|
32
Citadel Advisors
Miami,
Florida
| – | -$183K | -15,610 | Closed |
|
|
PCM
33
Prelude Capital Management
New York
| – | -$13K | -1,096 | Closed |
|
34
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$3K | -300 | Closed |
|
|
TCA
35
Tortoise Capital Advisors
Overland Park,
Kansas
| – | -$2.54K | -177 | -92% |
|
NFE Hedge Fund Activity: Q3 2019 in Review
28 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in New Fortress Energy (NFE) for Q3 2019, worth a combined $220M — up 57% from $141M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NFE and 5 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 10 added.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $30.5M. The largest seller was Duquesne Family Office, exiting entirely with an estimated $14.1M sold.
- 28 institutional investors held New Fortress Energy (NFE) as of Q3 2019, down from 30 in Q2 2019.
- Funds reported $220M of New Fortress Energy stock for Q3 2019, up 57% quarter-over-quarter.
- 5 funds opened new New Fortress Energy positions in Q3 2019 and 7 closed out, a net change of -2 holders.
- The largest New Fortress Energy buyer in Q3 2019 was Fidelity Investments, an estimated $30.5M added.
- The largest New Fortress Energy seller in Q3 2019 was Duquesne Family Office, an estimated $14.1M sold.
Based on aggregated 13F filings for Q3 2019.