ProPetro Holding
PUMP
166 hedge funds and large institutions have $200M invested in ProPetro Holding in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 61 increasing their positions, 55 reducing their positions, and 62 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 55
12.38% less ownership
Funds ownership: 88.4% → 76.02% (-12%)
21% less funds holding
Funds holding: 211 → 166 (-45)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
68% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 62
80% less capital invested
Capital invested by funds: $998M → $200M (-$798M)
89% less call options, than puts
Call options by funds: $44K | Put options by funds: $390K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$18.9M |
| 2 |
KL
KGH Ltd
Nassau,
Bahamas
|
+$11.5M |
| 3 |
Morgan Stanley
New York
|
+$6.26M |
| 4 |
FQ
First Quadrant
Glendale,
California
|
+$5.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$4.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Encompass Capital Advisors
New York
|
-$45.2M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$13.8M |
| 3 |
DBC
Deep Basin Capital
Stamford,
Connecticut
|
-$11.8M |
| 4 |
SAM
Silvercrest Asset Management
New York
|
-$10.8M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$9.25M |
PUMP Hedge Fund Activity: Q1 2020 in Review
166 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in ProPetro Holding (PUMP) for Q1 2020, worth a combined $200M — down 80% from $998M a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of PUMP and 20 opened new positions — a net loss of 42 holders — while 55 trimmed existing stakes and 61 added.
The largest buyer was Adage Capital Partners, adding an estimated $18.9M. The largest seller was Encompass Capital Advisors, exiting entirely with an estimated $45.2M sold.
- 166 institutional investors held ProPetro Holding (PUMP) as of Q1 2020, down from 211 in Q4 2019.
- Funds reported $200M of ProPetro Holding stock for Q1 2020, down 80% quarter-over-quarter.
- 20 funds opened new ProPetro Holding positions in Q1 2020 and 62 closed out, a net change of -42 holders.
- The largest ProPetro Holding buyer in Q1 2020 was Adage Capital Partners, an estimated $18.9M added.
- The largest ProPetro Holding seller in Q1 2020 was Encompass Capital Advisors, an estimated $45.2M sold.
Based on aggregated 13F filings for Q1 2020.