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NOV
NOV

365 hedge funds and large institutions have $7.62B invested in NOV in 2023 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 111 increasing their positions, 139 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

105% more call options, than puts

Call options by funds: $31.2M | Put options by funds: $15.2M

29% more capital invested

Capital invested by funds: $5.89B → $7.62B (+$1.73B)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

7% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 44

0% less funds holding

Funds holding: 366 → 365 (-1)

0.78% less ownership

Funds ownership: 93.25% → 92.48% (-0.78%)

20% less repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 139

Holders
365
Holders Change
-1
Holders Change %
-0.27%
% of All Funds
5.79%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
47
Increased
111
Reduced
139
Closed
44
Calls
$31.2M
Puts
$15.2M
Net Calls
+$16M
Net Calls Change
-$10.2M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$86.9M
2
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
+$53M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
+$33.8M
4
GA
Greenhaven Associates
New York
+$31M
5
AIM
Artemis Investment Management
United Kingdom
+$25.4M

Top Sellers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$44M
2
Pzena Investment Management
Pzena Investment Management
New York
-$43.3M
3
Invesco
Invesco
Georgia
-$28.2M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$23.5M
5
Renaissance Technologies
Renaissance Technologies
New York
-$20.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$819M -$1.99M -100,346 -0.3%
BlackRock
2
BlackRock
New York
$791M +$9.54M +479,851 +1%
First Eagle Investment Management
3
First Eagle Investment Management
New York
$768M -$5.3M -266,603 -0.7%
Pzena Investment Management
4
Pzena Investment Management
New York
$723M -$43.3M -2,176,726 -6%
Hotchkis & Wiley Capital Management
5
Hotchkis & Wiley Capital Management
California
$474M -$13.8M -695,280 -3%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$387M +$86.9M +4,369,540 +31%
State Street
7
State Street
Massachusetts
$297M +$1.74M +87,593 +0.6%
Ameriprise
8
Ameriprise
Minnesota
$276M -$4.81M -242,074 -2%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$197M +$3.67M +184,834 +2%
Thrivent Financial for Lutherans
10
Thrivent Financial for Lutherans
Minnesota
$166M -$547K -27,529 -0.3%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$132M -$7.84M -394,479 -6%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$123M +$2.16M +108,566 +2%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$117M -$23.5M -1,183,209 -17%
VanEck Associates
14
VanEck Associates
New York
$114M -$10.9M -549,377 -9%
SPC
15
Slate Path Capital
New York
$106M +$7.47M +376,000 +8%
EARNEST Partners
16
EARNEST Partners
Georgia
$86.6M +$3.55M +178,375 +4%
Allspring Global Investments
17
Allspring Global Investments
North Carolina
$84M +$1.72M +86,431 +2%
Bank of America
18
Bank of America
North Carolina
$80.7M -$411K -20,669 -0.5%
Artisan Partners
19
Artisan Partners
Wisconsin
$76.8M -$2.45M -123,336 -3%
Ninety One (UK)
20
Ninety One (UK)
United Kingdom
$72.4M -$12.5M -626,773 -15%
New York State Common Retirement Fund
21
New York State Common Retirement Fund
New York
$66.8M -$3.49M -175,448 -5%
N
22
Nuveen
North Carolina
$65.8M +$22.5M +1,131,030 +56%
Northern Trust
23
Northern Trust
Illinois
$62.8M -$751K -37,760 -1%
T. Rowe Price Investment Management
24
T. Rowe Price Investment Management
Maryland
$55.7M +$53M +2,665,646 New
Charles Schwab
25
Charles Schwab
California
$55.3M -$19.5M -980,197 -27%
1
2 3 4 5

NOV Hedge Fund Activity: Q3 2023 in Review

365 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in NOV (NOV) for Q3 2023, worth a combined $7.62B — up 29% from $5.89B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new NOV positions and 44 closed out — a net gain of 3 holders — while 111 added to existing stakes and 139 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $86.9M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $44M.

  • 365 institutional investors held NOV (NOV) as of Q3 2023, down from 366 in Q2 2023.
  • Funds reported $7.62B of NOV stock for Q3 2023, up 29% quarter-over-quarter.
  • 47 funds opened new NOV positions in Q3 2023 and 44 closed out, a net change of +3 holders.
  • The largest NOV buyer in Q3 2023 was Fidelity Investments, an estimated $86.9M added.
  • The largest NOV seller in Q3 2023 was DePrince Race & Zollo Inc (DRZ), an estimated $44M sold.

Based on aggregated 13F filings for Q3 2023.