Range Resources
RRC
475 hedge funds and large institutions have $6.66B invested in Range Resources in 2017 Q1 according to their latest regulatory filings, with 97 funds opening new positions, 185 increasing their positions, 140 reducing their positions, and 75 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 185 | Existing positions reduced: 140
29% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 75
18% more funds holding in top 10
Funds holding in top 10: 11 → 13 (+2)
3% more funds holding
Funds holding: 462 → 475 (+13)
1.59% more ownership
Funds ownership: 90.69% → 92.28% (+1.6%)
8% less call options, than puts
Call options by funds: $165M | Put options by funds: $180M
14% less capital invested
Capital invested by funds: $7.7B → $6.66B (-$1.04B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$388M |
| 2 |
Millennium Management
New York
|
+$147M |
| 3 |
KL
KGH Ltd
Nassau,
Bahamas
|
+$73.1M |
| 4 |
Goldman Sachs
New York
|
+$60.8M |
| 5 |
SCP
SailingStone Capital Partners
Houston,
Texas
|
+$60.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
-$134M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$107M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$107M |
| 4 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$86.2M |
| 5 |
JP Morgan Chase
New York
|
-$46M |
RRC Hedge Fund Activity: Q1 2017 in Review
475 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Range Resources (RRC) for Q1 2017, worth a combined $6.66B — down 14% from $7.7B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new RRC positions and 75 closed out — a net gain of 22 holders — while 185 added to existing stakes and 140 trimmed.
The largest buyer was BlackRock, adding an estimated $388M. The largest seller was Manning & Napier Advisors, exiting entirely with an estimated $134M sold.
- 475 institutional investors held Range Resources (RRC) as of Q1 2017, up from 462 in Q4 2016.
- Funds reported $6.66B of Range Resources stock for Q1 2017, down 14% quarter-over-quarter.
- 97 funds opened new Range Resources positions in Q1 2017 and 75 closed out, a net change of +22 holders.
- The largest Range Resources buyer in Q1 2017 was BlackRock, an estimated $388M added.
- The largest Range Resources seller in Q1 2017 was Manning & Napier Advisors, an estimated $134M sold.
Based on aggregated 13F filings for Q1 2017.