PAA NATURAL GAS STORAGE, L.P. COM UNIT LTD PARTNERSHIP
PNG
PNG was delisted on the 31st of December, 2013.
70 hedge funds and large institutions have $443M invested in PAA NATURAL GAS STORAGE, L.P. COM UNIT LTD PARTNERSHIP in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 24 reducing their positions, and 20 closing their positions.
507% more call options, than puts
Call options by funds: $589K | Put options by funds: $97K
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
6% less capital invested
Capital invested by funds: $469M → $443M (-$25.9M)
10% less funds holding
Funds holding: 78 → 70 (-8)
33% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 24
40% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$27.2M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$25.7M |
| 3 |
Citigroup
New York
|
+$20.5M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$15.5M |
| 5 |
Morgan Stanley
New York
|
+$13.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$41.3M |
| 2 |
Neuberger Berman Group
New York
|
-$30.4M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
-$17.5M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$13.2M |
| 5 |
First Eagle Investment Management
New York
|
-$10.9M |
PNG Hedge Fund Activity: Q4 2013 in Review
70 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in PAA NATURAL GAS STORAGE, L.P. COM UNIT LTD PARTNERSHIP (PNG) for Q4 2013, worth a combined $443M — down 5.5% from $469M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PNG and 12 opened new positions — a net loss of 8 holders — while 24 trimmed existing stakes and 16 added.
The largest buyer was Perkins Investment Management, adding an estimated $27.2M. The largest seller was Janus Henderson Investors US, exiting entirely with an estimated $41.3M sold.
- 70 institutional investors held PAA NATURAL GAS STORAGE, L.P. COM UNIT LTD PARTNERSHIP (PNG) as of Q4 2013, down from 78 in Q3 2013.
- Funds reported $443M of PAA NATURAL GAS STORAGE, L.P. COM UNIT LTD PARTNERSHIP stock for Q4 2013, down 5.5% quarter-over-quarter.
- 12 funds opened new PAA NATURAL GAS STORAGE, L.P. COM UNIT LTD PARTNERSHIP positions in Q4 2013 and 20 closed out, a net change of -8 holders.
- The largest PAA NATURAL GAS STORAGE, L.P. COM UNIT LTD PARTNERSHIP buyer in Q4 2013 was Perkins Investment Management, an estimated $27.2M added.
- The largest PAA NATURAL GAS STORAGE, L.P. COM UNIT LTD PARTNERSHIP seller in Q4 2013 was Janus Henderson Investors US, an estimated $41.3M sold.
Based on aggregated 13F filings for Q4 2013.