NGL Energy Partners
103 hedge funds and large institutions have $472M invested in NGL Energy Partners in 2016 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 35 increasing their positions, 34 reducing their positions, and 14 closing their positions.
50% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 14
7% more funds holding
Funds holding: 96 → 103 (+7)
3% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 34
4.73% less ownership
Funds ownership: 63.16% → 58.43% (-4.7%)
37% less capital invested
Capital invested by funds: $746M → $472M (-$274M)
43% less call options, than puts
Call options by funds: $1.88M | Put options by funds: $3.32M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$21.9M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$12.8M |
| 3 |
First Eagle Investment Management
New York
|
+$8.78M |
| 4 |
Goldman Sachs
New York
|
+$7.84M |
| 5 |
Jane Street
New York
|
+$5.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
ALPS Advisors
Denver,
Colorado
|
-$79.5M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$25.8M |
| 3 |
ClearBridge Investments
New York
|
-$7.03M |
| 4 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$6.33M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$5.57M |
NGL Hedge Fund Activity: Q1 2016 in Review
103 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in NGL Energy Partners (NGL) for Q1 2016, worth a combined $472M — down 37% from $746M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NGL positions and 14 closed out — a net gain of 7 holders — while 35 added to existing stakes and 34 trimmed.
The largest buyer was Salient Capital Advisors, adding an estimated $21.9M. The largest seller was ALPS Advisors, exiting entirely with an estimated $79.5M sold.
- 103 institutional investors held NGL Energy Partners (NGL) as of Q1 2016, up from 96 in Q4 2015.
- Funds reported $472M of NGL Energy Partners stock for Q1 2016, down 37% quarter-over-quarter.
- 21 funds opened new NGL Energy Partners positions in Q1 2016 and 14 closed out, a net change of +7 holders.
- The largest NGL Energy Partners buyer in Q1 2016 was Salient Capital Advisors, an estimated $21.9M added.
- The largest NGL Energy Partners seller in Q1 2016 was ALPS Advisors, an estimated $79.5M sold.
Based on aggregated 13F filings for Q1 2016.