Range Resources
399 hedge funds and large institutions have $6.06B invested in Range Resources in 2016 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 125 increasing their positions, 151 reducing their positions, and 60 closing their positions.
28% more capital invested
Capital invested by funds: $4.74B → $6.06B (+$1.32B)
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
0% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 60
0% less funds holding
Funds holding: 400 → 399 (-1)
2.01% less ownership
Funds ownership: 114.15% → 112.14% (-2%)
17% less repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 151
35% less call options, than puts
Call options by funds: $150M | Put options by funds: $229M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
+$202M |
| 2 |
Sanders Capital
West Palm Beach,
Florida
|
+$145M |
| 3 |
SCP
SailingStone Capital Partners
Houston,
Texas
|
+$55.7M |
| 4 |
SC
Sculptor Capital
New York
|
+$55.5M |
| 5 |
Royal London Asset Management
United Kingdom
|
+$34.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$85M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$69.4M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$41.9M |
| 4 |
Renaissance Technologies
New York
|
-$41.8M |
| 5 |
Neuberger Berman Group
New York
|
-$36.5M |
RRC Hedge Fund Activity: Q1 2016 in Review
399 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Range Resources (RRC) for Q1 2016, worth a combined $6.06B — up 28% from $4.74B a quarter earlier.
Fund positioning in RRC was balanced in Q1 2016: 60 funds opened new positions, 60 closed out, 125 added to existing stakes and 151 trimmed.
The largest buyer was Viking Global Investors, adding an estimated $202M. The largest seller was Pennant Capital Management, exiting entirely with an estimated $85M sold.
- 399 institutional investors held Range Resources (RRC) as of Q1 2016, down from 400 in Q4 2015.
- Funds reported $6.06B of Range Resources stock for Q1 2016, up 28% quarter-over-quarter.
- 60 funds opened new Range Resources positions in Q1 2016 and 60 closed out, a net change of 0 holders.
- The largest Range Resources buyer in Q1 2016 was Viking Global Investors, an estimated $202M added.
- The largest Range Resources seller in Q1 2016 was Pennant Capital Management, an estimated $85M sold.
Based on aggregated 13F filings for Q1 2016.