NGL Energy Partners
110 hedge funds and large institutions have $1.19B invested in NGL Energy Partners in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 52 increasing their positions, 33 reducing their positions, and 21 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 33
3.75% less ownership
Funds ownership: 73.94% → 70.2% (-3.7%)
9% less funds holding
Funds holding: 121 → 110 (-11)
39% less call options, than puts
Call options by funds: $3.86M | Put options by funds: $6.33M
40% less capital invested
Capital invested by funds: $1.98B → $1.19B (-$790M)
52% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 21
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
TPH Asset Management
Houston,
Texas
|
+$18.5M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$18.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$12.7M |
| 4 |
DPIM
Duff & Phelps Investment Management
Chicago,
Illinois
|
+$11.6M |
| 5 |
HFA
Harvest Fund Advisors
Wayne,
Pennsylvania
|
+$9.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$80M |
| 2 |
IG
ING Group
Amsterdam,
Netherlands
|
-$25.8M |
| 3 |
Morgan Stanley
New York
|
-$21.5M |
| 4 |
N
Natixis
Paris,
France
|
-$14.8M |
| 5 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$11.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIM
126
Friedberg Investment Management
Houston,
Texas
| – | -$326K | -14,448 | Closed |
|
|
JFGLC
127
Johnson Financial Group LLC (Colorado)
Denver,
Colorado
| – | -$214K | -9,480 | Closed |
|
|
CG
128
CFO4Life Group
Coppell,
Texas
| – | -$208K | -9,187 | Closed |
|
129
Bessemer Group
Woodbridge,
New Jersey
| – | -$13K | -588 | Closed |
|
|
TDC
130
Thompson Davis & Co
Richmond,
Virginia
| – | -$6K | -250 | Closed |
|
131
Envestnet Asset Management
Chicago,
Illinois
| – | -$1K | -42 | Closed |
|
NGL Hedge Fund Activity: Q2 2017 in Review
110 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in NGL Energy Partners (NGL) for Q2 2017, worth a combined $1.19B — down 40% from $1.98B a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of NGL and 10 opened new positions — a net loss of 11 holders — while 33 trimmed existing stakes and 52 added.
The largest buyer was TPH Asset Management, adding an estimated $18.5M. The largest seller was NXG Investment Management, cutting an estimated $80M.
- 110 institutional investors held NGL Energy Partners (NGL) as of Q2 2017, down from 121 in Q1 2017.
- Funds reported $1.19B of NGL Energy Partners stock for Q2 2017, down 40% quarter-over-quarter.
- 10 funds opened new NGL Energy Partners positions in Q2 2017 and 21 closed out, a net change of -11 holders.
- The largest NGL Energy Partners buyer in Q2 2017 was TPH Asset Management, an estimated $18.5M added.
- The largest NGL Energy Partners seller in Q2 2017 was NXG Investment Management, an estimated $80M sold.
Based on aggregated 13F filings for Q2 2017.