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NOV
NOV

366 hedge funds and large institutions have $5.89B invested in NOV in 2023 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 120 increasing their positions, 138 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

253% more call options, than puts

Call options by funds: $36.6M | Put options by funds: $10.4M

0.24% more ownership

Funds ownership: 93.01% → 93.25% (+0.24%)

7% less funds holding

Funds holding: 394 → 366 (-28)

13% less capital invested

Capital invested by funds: $6.77B → $5.89B (-$879M)

13% less repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 138

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

38% less first-time investments, than exits

New positions opened: 42 | Existing positions closed: 68

Holders
366
Holders Change
-28
Holders Change %
-7.11%
% of All Funds
5.75%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
42
Increased
120
Reduced
138
Closed
68
Calls
$36.6M
Puts
$10.4M
Net Calls
+$26.2M
Net Calls Change
-$32.6M

Top Buyers

1
Pzena Investment Management
Pzena Investment Management
New York
+$118M
2
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$87.4M
3
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$36.8M
4
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
+$27.6M
5
Renaissance Technologies
Renaissance Technologies
New York
+$20.7M

Top Sellers

1
Harris Associates
Harris Associates
Illinois
-$117M
2
AllianceBernstein
AllianceBernstein
Tennessee
-$42.3M
3
Marshall Wace
Marshall Wace
United Kingdom
-$36.1M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$34.4M
5
Ameriprise
Ameriprise
Minnesota
-$31.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$630M +$5.68M +348,225 +0.9%
BlackRock
2
BlackRock
New York
$600M -$5.86M -359,734 -1%
First Eagle Investment Management
3
First Eagle Investment Management
New York
$594M -$3.1M -189,916 -0.5%
Pzena Investment Management
4
Pzena Investment Management
New York
$590M +$118M +7,259,286 +25%
Hotchkis & Wiley Capital Management
5
Hotchkis & Wiley Capital Management
California
$375M +$87.4M +5,365,090 +30%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$227M +$9.72M +596,453 +4%
State Street
7
State Street
Massachusetts
$227M +$8.38M +513,846 +4%
Ameriprise
8
Ameriprise
Minnesota
$216M -$31.6M -1,939,140 -13%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$148M -$12.1M -741,596 -7%
Thrivent Financial for Lutherans
10
Thrivent Financial for Lutherans
Minnesota
$128M +$346K +21,237 +0.3%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$109M +$5.59M +343,076 +5%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$108M -$27.2M -1,665,804 -20%
VanEck Associates
13
VanEck Associates
New York
$96.3M +$859K +52,708 +0.9%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$92.6M +$4.23M +259,238 +5%
SPC
15
Slate Path Capital
New York
$75.2M – – –
Ninety One (UK)
16
Ninety One (UK)
United Kingdom
$65.6M -$3.98M -244,301 -6%
EARNEST Partners
17
EARNEST Partners
Georgia
$63.6M +$18.8M +1,151,181 +41%
Allspring Global Investments
18
Allspring Global Investments
North Carolina
$63.1M +$8.87M +543,998 +16%
Bank of America
19
Bank of America
North Carolina
$62.3M +$12.2M +747,009 +24%
Artisan Partners
20
Artisan Partners
Wisconsin
$60.9M -$2.97M -182,169 -5%
Charles Schwab
21
Charles Schwab
California
$58.2M +$352K +21,619 +0.6%
Invesco
22
Invesco
Georgia
$54.1M +$812K +49,843 +1%
New York State Common Retirement Fund
23
New York State Common Retirement Fund
New York
$54.1M +$27.6M +1,694,540 +101%
Northern Trust
24
Northern Trust
Illinois
$48.8M -$229K -14,055 -0.5%
Millennium Management
25
Millennium Management
New York
$45.9M +$13.7M +838,364 +41%
1
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NOV Hedge Fund Activity: Q2 2023 in Review

366 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in NOV (NOV) for Q2 2023, worth a combined $5.89B — down 13% from $6.77B a quarter earlier.

Sellers outnumbered buyers: 68 funds closed out of NOV and 42 opened new positions — a net loss of 26 holders — while 138 trimmed existing stakes and 120 added.

The largest buyer was Pzena Investment Management, adding an estimated $118M. The largest seller was Harris Associates, cutting an estimated $117M.

  • 366 institutional investors held NOV (NOV) as of Q2 2023, down from 394 in Q1 2023.
  • Funds reported $5.89B of NOV stock for Q2 2023, down 13% quarter-over-quarter.
  • 42 funds opened new NOV positions in Q2 2023 and 68 closed out, a net change of -26 holders.
  • The largest NOV buyer in Q2 2023 was Pzena Investment Management, an estimated $118M added.
  • The largest NOV seller in Q2 2023 was Harris Associates, an estimated $117M sold.

Based on aggregated 13F filings for Q2 2023.