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NOV
NOV

394 hedge funds and large institutions have $6.77B invested in NOV in 2023 Q1 according to their latest regulatory filings, with 52 funds opening new positions, 129 increasing their positions, 147 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

661% more call options, than puts

Call options by funds: $67.7M | Put options by funds: $8.9M

67% more funds holding in top 10

Funds holding in top 10: 3 → 5 (+2)

24% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 42

1% more funds holding

Funds holding: 390 → 394 (+4)

0.25% more ownership

Funds ownership: 92.76% → 93.01% (+0.25%)

9% less capital invested

Capital invested by funds: $7.44B → $6.77B (-$671M)

12% less repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 147

Holders
394
Holders Change
+4
Holders Change %
+1.03%
% of All Funds
6.28%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.08%
New
52
Increased
129
Reduced
147
Closed
42
Calls
$67.7M
Puts
$8.9M
Net Calls
+$58.8M
Net Calls Change
+$40.7M

Top Buyers

1
SPC
Slate Path Capital
New York
+$82.3M
2
Bank of New York Mellon
Bank of New York Mellon
New York
+$66.7M
3
Marshall Wace
Marshall Wace
United Kingdom
+$60M
4
RL
Ruffer LLP
United Kingdom
+$46.9M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$24.5M

Top Sellers

1
Harris Associates
Harris Associates
Illinois
-$146M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$94.8M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
-$49.1M
4
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$40.1M
5
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$31.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$721M -$4.12M -190,878 -0.5%
BlackRock
2
BlackRock
New York
$699M +$6.15M +284,784 +0.8%
First Eagle Investment Management
3
First Eagle Investment Management
New York
$689M +$530K +24,527 +0.1%
Pzena Investment Management
4
Pzena Investment Management
New York
$547M -$809K -37,476 -0.1%
Hotchkis & Wiley Capital Management
5
Hotchkis & Wiley Capital Management
California
$333M +$14.1M +653,680 +4%
Ameriprise
6
Ameriprise
Minnesota
$285M +$3.34M +154,667 +1%
State Street
7
State Street
Massachusetts
$252M +$13M +600,924 +5%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$251M -$94.8M -4,389,453 -24%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$184M -$40.1M -1,855,211 -16%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$155M +$66.7M +3,087,807 +58%
Harris Associates
11
Harris Associates
Illinois
$149M -$146M -6,757,556 -46%
Thrivent Financial for Lutherans
12
Thrivent Financial for Lutherans
Minnesota
$147M +$7.5M +347,235 +5%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$119M -$26.7M -1,237,338 -16%
VanEck Associates
14
VanEck Associates
New York
$110M +$2.21M +102,583 +2%
Geode Capital Management
15
Geode Capital Management
Massachusetts
$102M +$4.04M +186,978 +4%
SPC
16
Slate Path Capital
New York
$86.8M +$82.3M +3,810,000 +433%
Ninety One (UK)
17
Ninety One (UK)
United Kingdom
$80.3M -$4.98M -230,459 -5%
Artisan Partners
18
Artisan Partners
Wisconsin
$73.6M -$4.58M -211,924 -5%
Charles Schwab
19
Charles Schwab
California
$66.7M -$754K -34,947 -1%
Allspring Global Investments
20
Allspring Global Investments
North Carolina
$62.7M -$49.1M -2,273,491 -40%
Invesco
21
Invesco
Georgia
$61.5M +$398K +18,428 +0.6%
Marshall Wace
22
Marshall Wace
United Kingdom
$60.2M +$60M +2,779,214 +585%
AllianceBernstein
23
AllianceBernstein
Tennessee
$58.7M +$14M +649,333 +26%
Bank of America
24
Bank of America
North Carolina
$58.1M +$7.9M +365,718 +13%
Northern Trust
25
Northern Trust
Illinois
$56.5M +$362K +16,759 +0.6%
1
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NOV Hedge Fund Activity: Q1 2023 in Review

394 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in NOV (NOV) for Q1 2023, worth a combined $6.77B — down 9% from $7.44B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new NOV positions and 42 closed out — a net gain of 10 holders — while 129 added to existing stakes and 147 trimmed.

The largest buyer was Slate Path Capital, adding an estimated $82.3M. The largest seller was Harris Associates, cutting an estimated $146M.

  • 394 institutional investors held NOV (NOV) as of Q1 2023, up from 390 in Q4 2022.
  • Funds reported $6.77B of NOV stock for Q1 2023, down 9% quarter-over-quarter.
  • 52 funds opened new NOV positions in Q1 2023 and 42 closed out, a net change of +10 holders.
  • The largest NOV buyer in Q1 2023 was Slate Path Capital, an estimated $82.3M added.
  • The largest NOV seller in Q1 2023 was Harris Associates, an estimated $146M sold.

Based on aggregated 13F filings for Q1 2023.