Ocean Rig UDW Inc. Class A Common Shares
ORIG
ORIG was delisted on the 4th of December, 2018.
67 hedge funds and large institutions have $731M invested in Ocean Rig UDW Inc. Class A Common Shares in 2014 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 16 reducing their positions, and 24 closing their positions.
94% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 16
76% more call options, than puts
Call options by funds: $5.07M | Put options by funds: $2.88M
5% less capital invested
Capital invested by funds: $772M → $731M (-$40.8M)
15% less funds holding
Funds holding: 79 → 67 (-12)
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
46% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$25.1M |
| 2 |
HCM
Huber Capital Management
El Segundo,
California
|
+$25.1M |
| 3 |
AIM
Assured Investment Management
New York
|
+$19M |
| 4 |
BCM
Brigade Capital Management
New York
|
+$11M |
| 5 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$21.2M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$17.2M |
| 3 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$15.7M |
| 4 |
GAM
Goldentree Asset Management
New York
|
-$11M |
| 5 |
SH
Scepter Holdings
Fort Worth,
Texas
|
-$9.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FMA
101
FNY Managed Accounts
New York
| – | -$674K | -4 | Closed |
|
|
DS
102
DRW Securities
Chicago,
Illinois
| – | -$503K | -3 | Closed |
|
103
Natixis Advisors
Boston,
Massachusetts
| – | -$302K | -2 | Closed |
|
|
SCA
104
SAC Capital Advisors
Stamford,
Connecticut
| – | -$416K | -2 | Closed |
|
105
Verition Fund Management
Greenwich,
Connecticut
| – | -$269K | -2 | Closed |
|
|
ZIM
106
Zacks Investment Management
Chicago,
Illinois
| – | -$323K | -2 | Closed |
|
|
MAA
107
Managed Account Advisors
Jersey City,
New Jersey
| – | -$176K | -1 | Closed |
|
ORIG Hedge Fund Activity: Q1 2014 in Review
67 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Ocean Rig UDW Inc. Class A Common Shares (ORIG) for Q1 2014, worth a combined $731M — down 5.3% from $772M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of ORIG and 13 opened new positions — a net loss of 11 holders — while 16 trimmed existing stakes and 31 added.
The largest buyer was Adage Capital Partners, adding an estimated $25.1M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $21.2M sold.
- 67 institutional investors held Ocean Rig UDW Inc. Class A Common Shares (ORIG) as of Q1 2014, down from 79 in Q4 2013.
- Funds reported $731M of Ocean Rig UDW Inc. Class A Common Shares stock for Q1 2014, down 5.3% quarter-over-quarter.
- 13 funds opened new Ocean Rig UDW Inc. Class A Common Shares positions in Q1 2014 and 24 closed out, a net change of -11 holders.
- The largest Ocean Rig UDW Inc. Class A Common Shares buyer in Q1 2014 was Adage Capital Partners, an estimated $25.1M added.
- The largest Ocean Rig UDW Inc. Class A Common Shares seller in Q1 2014 was Lord, Abbett & Co, an estimated $21.2M sold.
Based on aggregated 13F filings for Q1 2014.