Range Resources
395 hedge funds and large institutions have $7.57B invested in Range Resources in 2023 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 126 increasing their positions, 138 reducing their positions, and 40 closing their positions.
58% more call options, than puts
Call options by funds: $128M | Put options by funds: $81M
48% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 40
14% more capital invested
Capital invested by funds: $6.66B → $7.57B (+$909M)
4% more funds holding
Funds holding: 378 → 395 (+17)
2.46% more ownership
Funds ownership: 94.09% → 96.55% (+2.5%)
9% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 138
6% less funds holding in top 10
Funds holding in top 10: 16 → 15 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$176M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$134M |
| 3 |
BCM
Bornite Capital Management
New York
|
+$21.9M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$21.7M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$54.8M |
| 2 |
D.E. Shaw & Co
New York
|
-$28.5M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$23.9M |
| 4 |
CFM
Coronation Fund Managers
Cape Town,
South Africa
|
-$22M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$21.7M |
RRC Hedge Fund Activity: Q3 2023 in Review
395 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Range Resources (RRC) for Q3 2023, worth a combined $7.57B — up 14% from $6.66B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new RRC positions and 40 closed out — a net gain of 19 holders — while 126 added to existing stakes and 138 trimmed.
The largest buyer was T. Rowe Price Investment Management, adding an estimated $176M. The largest seller was Renaissance Technologies, cutting an estimated $54.8M.
- 395 institutional investors held Range Resources (RRC) as of Q3 2023, up from 378 in Q2 2023.
- Funds reported $7.57B of Range Resources stock for Q3 2023, up 14% quarter-over-quarter.
- 59 funds opened new Range Resources positions in Q3 2023 and 40 closed out, a net change of +19 holders.
- The largest Range Resources buyer in Q3 2023 was T. Rowe Price Investment Management, an estimated $176M added.
- The largest Range Resources seller in Q3 2023 was Renaissance Technologies, an estimated $54.8M sold.
Based on aggregated 13F filings for Q3 2023.