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PR

Permian Resources
PR

55 hedge funds and large institutions have $694M invested in Permian Resources in 2016 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more capital invested

Capital invested by funds: $427M → $694M (+$267M)

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

15% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 20

6% more funds holding

Funds holding: 52 → 55 (+3)

Holders
55
Holders Change
+3
Holders Change %
+5.77%
% of All Funds
1.47%
Holding in Top 10
4
Holding in Top 10 Change
+4
Holding in Top 10 Change %
% of All Funds
0.11%
New
23
Increased
15
Reduced
13
Closed
20
Calls
$7.61M
Puts
–
Net Calls
+$7.61M
Net Calls Change
+$7.61M

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$50.2M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$49.3M
3
FWCM
Ferguson Wellman Capital Management
Oregon
+$20.6M
4
TPCM
Tide Point Capital Management
Connecticut
+$19.9M
5
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$14.1M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$30.9M
2
GL
Governors Lane
New York
-$20M
3
MP
MSD Partners
New York
-$19.6M
4
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$17.4M
5
FTCM
Fir Tree Capital Management
New York
-$14.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
T. Rowe Price Associates
1
T. Rowe Price Associates
Maryland
$94.2M +$50.2M +4,106,235 +365%
TPCM
2
Tide Point Capital Management
Connecticut
$69.8M +$19.9M +1,627,565 +71%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$63.5M +$49.3M +4,030,818 New
BG
4
Baupost Group
Massachusetts
$59.1M – – –
TD Asset Management
5
TD Asset Management
Ontario, Canada
$49.7M +$211K +17,278 +0.6%
Adage Capital Partners
6
Adage Capital Partners
Massachusetts
$37.4M -$5.2M -425,000 -17%
KCM
7
Kensico Capital Management
Connecticut
$31.5M – – –
FWCM
8
Ferguson Wellman Capital Management
Oregon
$28.5M +$20.6M +1,683,420 New
ECA
9
Encompass Capital Advisors
New York
$27.9M +$13.4M +1,096,508 +163%
BCM
10
Brenham Capital Management
Texas
$25.2M +$3.67M +300,000 +27%
Lord, Abbett & Co
11
Lord, Abbett & Co
New Jersey
$23.3M +$14.1M +1,153,662 +840%
Wellington Management Group
12
Wellington Management Group
Massachusetts
$17.6M -$30.9M -2,522,317 -72%
LWCA
13
Locust Wood Capital Advisers
New York
$14.5M -$3.21M -262,472 -25%
Millennium Management
14
Millennium Management
New York
$13.7M +$10.3M +845,059 +3,413%
MCM
15
Moore Capital Management
New York
$12.2M -$12.5M -1,024,000 -57%
OIMU
16
Orbis Investment Management (US)
California
$11.6M +$8.98M +734,060 New
PI
17
Putnam Investments
Massachusetts
$9.04M -$2.94M -240,258 -32%
AIMCA
18
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$8.66M -$2.45M -200,000 -27%
OAG
19
Orbis Allan Gray
Bermuda
$8.41M +$6.53M +533,851 New
HHC
20
Hutchin Hill Capital
New York
$7.88M -$6.12M -500,000 -50%
PC
21
PointState Capital
New York
$7.55M -$6.06M -495,800 -54%
ACH
22
ArrowMark Colorado Holdings
Colorado
$7.2M -$68.4K -5,592 -1%
CI
23
Cowen Inc
New York
$6.86M +$4.4M +360,062 +1,224%
Invesco
24
Invesco
Georgia
$6.13M +$4.76M +389,041 New
Alyeska Investment Group
25
Alyeska Investment Group
Illinois
$5.91M -$17.4M -1,425,000 -79%
1
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PR Hedge Fund Activity: Q3 2016 in Review

55 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Permian Resources (PR) for Q3 2016, worth a combined $694M — up 63% from $427M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new PR positions and 20 closed out — a net gain of 3 holders — while 15 added to existing stakes and 13 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $50.2M. The largest seller was Wellington Management Group, cutting an estimated $30.9M.

  • 55 institutional investors held Permian Resources (PR) as of Q3 2016, up from 52 in Q2 2016.
  • Funds reported $694M of Permian Resources stock for Q3 2016, up 63% quarter-over-quarter.
  • 23 funds opened new Permian Resources positions in Q3 2016 and 20 closed out, a net change of +3 holders.
  • The largest Permian Resources buyer in Q3 2016 was T. Rowe Price Associates, an estimated $50.2M added.
  • The largest Permian Resources seller in Q3 2016 was Wellington Management Group, an estimated $30.9M sold.

Based on aggregated 13F filings for Q3 2016.