Range Resources
RRC
445 hedge funds and large institutions have $13.3B invested in Range Resources in 2014 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 145 increasing their positions, 171 reducing their positions, and 48 closing their positions.
25% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 48
1% more funds holding
Funds holding: 439 → 445 (+6)
3% less capital invested
Capital invested by funds: $13.7B → $13.3B (-$369M)
1.42% less ownership
Funds ownership: 99.55% → 98.13% (-1.4%)
15% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 171
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
21% less call options, than puts
Call options by funds: $96.1M | Put options by funds: $122M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$126M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$54.9M |
| 3 |
Two Sigma Investments
New York
|
+$42.8M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
+$36.9M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$34.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$135M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$68.1M |
| 3 |
Goldman Sachs
New York
|
-$67.5M |
| 4 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$38.3M |
| 5 |
MGC
Merchants' Gate Capital
New York
|
-$37.9M |
RRC Hedge Fund Activity: Q1 2014 in Review
445 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Range Resources (RRC) for Q1 2014, worth a combined $13.3B — down 2.7% from $13.7B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new RRC positions and 48 closed out — a net gain of 12 holders — while 145 added to existing stakes and 171 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $126M. The largest seller was Wellington Management Group, cutting an estimated $135M.
- 445 institutional investors held Range Resources (RRC) as of Q1 2014, up from 439 in Q4 2013.
- Funds reported $13.3B of Range Resources stock for Q1 2014, down 2.7% quarter-over-quarter.
- 60 funds opened new Range Resources positions in Q1 2014 and 48 closed out, a net change of +12 holders.
- The largest Range Resources buyer in Q1 2014 was Fidelity Investments, an estimated $126M added.
- The largest Range Resources seller in Q1 2014 was Wellington Management Group, an estimated $135M sold.
Based on aggregated 13F filings for Q1 2014.