ReNew
78 hedge funds and large institutions have $724M invested in ReNew in 2023 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 26 reducing their positions, and 21 closing their positions.
1,362% more call options, than puts
Call options by funds: $1.73M | Put options by funds: $118K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
10.96% more ownership
Funds ownership: 47.85% → 58.81% (+11%)
2% less capital invested
Capital invested by funds: $741M → $724M (-$16.8M)
7% less funds holding
Funds holding: 84 → 78 (-6)
15% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 26
29% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$10.2M |
| 2 |
TCA
Tortoise Capital Advisors
Overland Park,
Kansas
|
+$3.06M |
| 3 |
Millennium Management
New York
|
+$2.92M |
| 4 |
NEI
Northwest & Ethical Investments
Toronto,
Ontario, Canada
|
+$2.39M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZP
Zimmer Partners
New York
|
-$16.8M |
| 2 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$7.03M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$3.4M |
| 4 |
CSCSIM
Clear Sky Carbon Solutions Investment Management
Bellaire,
Texas
|
-$3.12M |
| 5 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$2.88M |
RNW Hedge Fund Activity: Q3 2023 in Review
78 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in ReNew (RNW) for Q3 2023, worth a combined $724M — down 2.3% from $741M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of RNW and 15 opened new positions — a net loss of 6 holders — while 26 trimmed existing stakes and 22 added.
The largest buyer was Rubric Capital Management (New York), adding an estimated $10.2M. The largest seller was Zimmer Partners, cutting an estimated $16.8M.
- 78 institutional investors held ReNew (RNW) as of Q3 2023, down from 84 in Q2 2023.
- Funds reported $724M of ReNew stock for Q3 2023, down 2.3% quarter-over-quarter.
- 15 funds opened new ReNew positions in Q3 2023 and 21 closed out, a net change of -6 holders.
- The largest ReNew buyer in Q3 2023 was Rubric Capital Management (New York), an estimated $10.2M added.
- The largest ReNew seller in Q3 2023 was Zimmer Partners, an estimated $16.8M sold.
Based on aggregated 13F filings for Q3 2023.