Permian Resources
121 hedge funds and large institutions have $170M invested in Permian Resources in 2020 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 23 increasing their positions, 49 reducing their positions, and 51 closing their positions.
148% more capital invested
Capital invested by funds: $68.4M → $170M (+$102M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
16% less funds holding
Funds holding: 144 → 121 (-23)
24.85% less ownership
Funds ownership: 93.83% → 68.99% (-25%)
45% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 51
53% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 49
56% less call options, than puts
Call options by funds: $502K | Put options by funds: $1.13M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RH
Riverstone Holdings
New York
|
+$11.6M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$4.08M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.3M |
| 4 |
Millennium Management
New York
|
+$3.22M |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
+$1.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$18.7M |
| 2 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
-$14M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$11.1M |
| 4 |
State Street
Boston,
Massachusetts
|
-$11.1M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$6.31M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$3K | -12,214 | Closed |
|
|
MLICM
152
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$1.22K | -4,619 | Closed |
|
153
Parallax Volatility Advisers
San Francisco,
California
| – | -$3.85K | -4,374 | Closed |
|
|
QT
154
Quantbot Technologies
New York
| – | -$1K | -4,138 | Closed |
|
|
S
155
SignatureFD
Atlanta,
Georgia
| – | -$1K | -3,557 | Closed |
|
|
AIG
156
American International Group
New York
| – | -$1K | -3,101 | Closed |
|
|
WTC
157
WhitTier Trust Company
Reno,
Nevada
| – | -$2.36K | -2,680 | -97% |
|
|
AJ
158
Ashburton (Jersey)
St Helier,
Jersey
| – | -$1K | -2,321 | Closed |
|
159
M&T Bank
Buffalo,
New York
| – | -$263K | -1,000 | Closed |
|
|
IA
160
IFP Advisors
Tampa,
Florida
| – | -$447 | -508 | Closed |
|
|
PCG
161
Private Capital Group
West Hartford,
Connecticut
| – | -$336 | -382 | -67% |
|
PR Hedge Fund Activity: Q2 2020 in Review
121 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Permian Resources (PR) for Q2 2020, worth a combined $170M — up 148% from $68.4M a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of PR and 28 opened new positions — a net loss of 23 holders — while 49 trimmed existing stakes and 23 added.
The largest buyer was Riverstone Holdings, adding an estimated $11.6M. The largest seller was Fidelity Investments, cutting an estimated $18.7M.
- 121 institutional investors held Permian Resources (PR) as of Q2 2020, down from 144 in Q1 2020.
- Funds reported $170M of Permian Resources stock for Q2 2020, up 148% quarter-over-quarter.
- 28 funds opened new Permian Resources positions in Q2 2020 and 51 closed out, a net change of -23 holders.
- The largest Permian Resources buyer in Q2 2020 was Riverstone Holdings, an estimated $11.6M added.
- The largest Permian Resources seller in Q2 2020 was Fidelity Investments, an estimated $18.7M sold.
Based on aggregated 13F filings for Q2 2020.