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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
28
Holders Change
-2
Holders Change %
-6.67%
% of All Funds
0.61%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
10
Reduced
9
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$30.5M
2
Federated Hermes
Federated Hermes
Pennsylvania
+$8.98M
3
SOMRS
State of Michigan Retirement System
Michigan
+$3.93M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$3.68M
5
Capital World Investors
Capital World Investors
California
+$674K

Top Sellers

1
DFO
Duquesne Family Office
New York
-$14.1M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$7.36M
3
ECA
Encompass Capital Advisors
New York
-$5.84M
4
NIM
NXG Investment Management
Texas
-$4.74M
5
Goldman Sachs
Goldman Sachs
New York
-$3.75M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$38.4M +$30.5M +2,128,318 New
Federated Hermes
2
Federated Hermes
Pennsylvania
$33.5M +$8.98M +626,755 +51%
ECA
3
Encompass Capital Advisors
New York
$30.2M -$5.84M -407,875 -20%
Capital World Investors
4
Capital World Investors
California
$30.1M +$674K +47,079 +3%
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$26.3M +$3.68M +257,030 +21%
Schroder Investment Management Group
6
Schroder Investment Management Group
United Kingdom
$19.2M -$7.36M -513,584 -32%
EA
7
Emerald Advisers
Pennsylvania
$14.2M -$960K -67,029 -8%
EMFAT
8
Emerald Mutual Fund Advisers Trust
Pennsylvania
$14M – – –
SOMRS
9
State of Michigan Retirement System
Michigan
$7.81M +$3.93M +274,106 +172%
NIM
10
NXG Investment Management
Texas
$1.37M -$4.74M -330,941 -81%
EWM
11
Endurance Wealth Management
Rhode Island
$974K +$401K +28,000 +108%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$969K -$255K -17,800 -25%
HighTower Advisors
13
HighTower Advisors
Illinois
$945K – – –
TD Asset Management
14
TD Asset Management
Ontario, Canada
$520K +$77.3K +5,400 +23%
Wells Fargo
15
Wells Fargo
California
$327K +$110K +7,669 +73%
TIS
16
Tortoise Index Solutions
Kansas
$319K -$63.4K -4,424 -20%
Millennium Management
17
Millennium Management
New York
$290K -$1.15M -80,256 -83%
WG
18
Winton Group
United Kingdom
$271K +$215K +15,021 New
YCM
19
Yaupon Capital Management
New York
$253K +$201K +14,050 New
Morgan Stanley
20
Morgan Stanley
New York
$195K +$101K +7,064 +188%
BFEC
21
Benjamin F. Edwards & Company
Missouri
$180K – – –
LTFS
22
Ladenburg Thalmann Financial Services
Florida
$59K +$9.35K +653 +25%
TRCT
23
Tower Research Capital (TRC)
New York
$24K -$10.1K -704 -34%
UBS Group
24
UBS Group
Switzerland
$24K +$14.5K +1,015 +313%
AF
25
Advisornet Financial
Minnesota
$15K +$12.2K +850 New
1
2

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.