Northern Oil and Gas
NOG
258 hedge funds and large institutions have $2.56B invested in Northern Oil and Gas in 2023 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 122 increasing their positions, 66 reducing their positions, and 51 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 66
11% more capital invested
Capital invested by funds: $2.3B → $2.56B (+$264M)
2.7% more ownership
Funds ownership: 96.28% → 98.98% (+2.7%)
4% less funds holding
Funds holding: 270 → 258 (-12)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
18% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 51
18% less call options, than puts
Call options by funds: $41.3M | Put options by funds: $50.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$197M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$48.7M |
| 3 |
Millennium Management
New York
|
+$22.8M |
| 4 |
Goldman Sachs
New York
|
+$18.6M |
| 5 |
State Street
Boston,
Massachusetts
|
+$15.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACG
Aventail Capital Group
New York
|
-$30M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$24.9M |
| 3 |
AGC
Angelo Gordon & Co
New York
|
-$22.9M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$20.5M |
| 5 |
RCM
Requisite Capital Management
Dallas,
Texas
|
-$17.8M |
NOG Hedge Fund Activity: Q1 2023 in Review
258 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Northern Oil and Gas (NOG) for Q1 2023, worth a combined $2.56B — up 11% from $2.3B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of NOG and 42 opened new positions — a net loss of 9 holders — while 66 trimmed existing stakes and 122 added.
The largest buyer was BlackRock, adding an estimated $197M. The largest seller was Aventail Capital Group, cutting an estimated $30M.
- 258 institutional investors held Northern Oil and Gas (NOG) as of Q1 2023, down from 270 in Q4 2022.
- Funds reported $2.56B of Northern Oil and Gas stock for Q1 2023, up 11% quarter-over-quarter.
- 42 funds opened new Northern Oil and Gas positions in Q1 2023 and 51 closed out, a net change of -9 holders.
- The largest Northern Oil and Gas buyer in Q1 2023 was BlackRock, an estimated $197M added.
- The largest Northern Oil and Gas seller in Q1 2023 was Aventail Capital Group, an estimated $30M sold.
Based on aggregated 13F filings for Q1 2023.