New Fortress Energy
27 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, 8 reducing their positions, and 8 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
6.68% less ownership
Funds ownership: 65.38% → 58.7% (-6.7%)
10% less funds holding
Funds holding: 30 → 27 (-3)
24% less capital inflows, than outflows
Capital inflows: $48.9M | Capital outflows: $64M
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$30.5M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$8.98M |
| 3 |
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
|
+$675K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
-$30.3M |
| 2 |
DFO
Duquesne Family Office
New York
|
-$14.1M |
| 3 |
Encompass Capital Advisors
New York
|
-$5.84M |
| 4 |
NXG Investment Management
Dallas,
Texas
|
-$4.74M |
| 5 |
Goldman Sachs
New York
|
-$3.75M |
NFE Hedge Fund Activity: Q3 2019 in Review
27 of the 4,576 institutional investors tracked by Wall St. Rank reported a position in New Fortress Energy (NFE) for Q3 2019, worth a combined $220M — up 38% from $160M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NFE and 5 opened new positions — a net loss of 3 holders — while 8 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 Schroder Investment Management Group, cutting an estimated $30.3M.
- 27 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 38% quarter-over-quarter.
- 5 funds opened new New Fortress Energy positions in Q3 2019 and 8 closed out, a net change of -3 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 Schroder Investment Management Group, an estimated $30.3M sold.
Based on aggregated 13F filings for Q3 2019.