NuStar Energy L.P.
NS was delisted on the 2nd of May, 2024.
132 hedge funds and large institutions have $973M invested in NuStar Energy L.P. in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 32 reducing their positions, and 16 closing their positions.
250% more call options, than puts
Call options by funds: $5.04M | Put options by funds: $1.44M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
9% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 32
2% less capital invested
Capital invested by funds: $994M → $973M (-$21M)
5% less funds holding
Funds holding: 139 → 132 (-7)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$15.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$4.06M |
| 3 |
JP Morgan Chase
New York
|
+$3.54M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$3.13M |
| 5 |
ClearBridge Investments
New York
|
+$3.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$11.5M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$6.17M |
| 3 |
N
Natixis
Paris,
France
|
-$4.55M |
| 4 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$3.44M |
| 5 |
Blackstone Inc
New York
|
-$2.57M |
NS Hedge Fund Activity: Q1 2023 in Review
132 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in NuStar Energy L.P. (NS) for Q1 2023, worth a combined $973M — down 2.1% from $994M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NS and 10 opened new positions — a net loss of 6 holders — while 32 trimmed existing stakes and 35 added.
The largest buyer was Goldman Sachs, adding an estimated $15.4M. The largest seller was Deutsche Bank, exiting entirely with an estimated $11.5M sold.
- 132 institutional investors held NuStar Energy L.P. (NS) as of Q1 2023, down from 139 in Q4 2022.
- Funds reported $973M of NuStar Energy L.P. stock for Q1 2023, down 2.1% quarter-over-quarter.
- 10 funds opened new NuStar Energy L.P. positions in Q1 2023 and 16 closed out, a net change of -6 holders.
- The largest NuStar Energy L.P. buyer in Q1 2023 was Goldman Sachs, an estimated $15.4M added.
- The largest NuStar Energy L.P. seller in Q1 2023 was Deutsche Bank, an estimated $11.5M sold.
Based on aggregated 13F filings for Q1 2023.