Teekay Tankers
71 hedge funds and large institutions have $62.5M invested in Teekay Tankers in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 26 reducing their positions, and 12 closing their positions.
0.08% less ownership
Funds ownership: 4.28% → 4.21% (-0.08%)
5% less funds holding
Funds holding: 75 → 71 (-4)
15% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 26
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
21% less capital invested
Capital invested by funds: $79.3M → $62.5M (-$16.8M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
75% less call options, than puts
Call options by funds: $54K | Put options by funds: $219K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$505K |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$493K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$486K |
| 4 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
+$192K |
| 5 |
EWM
Edge Wealth Management
New York
|
+$137K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$16.3M |
| 2 |
CA
Corrado Advisors
Ramsey,
New Jersey
|
-$1.17M |
| 3 |
SCM
Sterling Capital Management
Charlotte,
North Carolina
|
-$327K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$310K |
| 5 |
State Street
Boston,
Massachusetts
|
-$110K |
TNK Hedge Fund Activity: Q3 2013 in Review
71 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Teekay Tankers (TNK) for Q3 2013, worth a combined $62.5M — down 21% from $79.3M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of TNK and 10 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 22 added.
The largest buyer was Weiss Multi-Strategy Advisers, adding an estimated $505K. The largest seller was Park West Asset Management, exiting entirely with an estimated $16.3M sold.
- 71 institutional investors held Teekay Tankers (TNK) as of Q3 2013, down from 75 in Q2 2013.
- Funds reported $62.5M of Teekay Tankers stock for Q3 2013, down 21% quarter-over-quarter.
- 10 funds opened new Teekay Tankers positions in Q3 2013 and 12 closed out, a net change of -2 holders.
- The largest Teekay Tankers buyer in Q3 2013 was Weiss Multi-Strategy Advisers, an estimated $505K added.
- The largest Teekay Tankers seller in Q3 2013 was Park West Asset Management, an estimated $16.3M sold.
Based on aggregated 13F filings for Q3 2013.