Teekay Tankers
139 hedge funds and large institutions have $267M invested in Teekay Tankers in 2016 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 55 increasing their positions, 41 reducing their positions, and 40 closing their positions.
34% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 41
12% more call options, than puts
Call options by funds: $1.24M | Put options by funds: $1.11M
1.22% less ownership
Funds ownership: 8.18% → 6.97% (-1.2%)
11% less funds holding
Funds holding: 157 → 139 (-18)
43% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 40
55% less capital invested
Capital invested by funds: $589M → $267M (-$322M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
+$32.1M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$5.32M |
| 3 |
Bank of New York Mellon
New York
|
+$2.69M |
| 4 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
+$2.11M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OIM
Oceanic Investment Management
Douglas,
Isle Of Man
|
-$26.2M |
| 2 |
LIM
Lorem Ipsum Management
New York
|
-$22.6M |
| 3 |
Millennium Management
New York
|
-$11.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$11.8M |
| 5 |
ECA
Encompass Capital Advisors
New York
|
-$8.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
SEI Investments
Oaks,
Pennsylvania
| – | -$1K | -26 | Closed |
|
|
HCM
177
Herndon Capital Management
Atlanta,
Georgia
| – | -$1K | -23 | Closed |
|
|
IA
178
IFP Advisors
Tampa,
Florida
| – | -$1K | -12 | Closed |
|
|
CTC
179
Central Trust Company
Jefferson City,
Missouri
| – | +$863 | +25 | New |
|
TNK Hedge Fund Activity: Q1 2016 in Review
139 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Teekay Tankers (TNK) for Q1 2016, worth a combined $267M — down 55% from $589M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of TNK and 23 opened new positions — a net loss of 17 holders — while 41 trimmed existing stakes and 55 added.
The largest buyer was Huber Capital Management, adding an estimated $32.1M. The largest seller was Oceanic Investment Management, exiting entirely with an estimated $26.2M sold.
- 139 institutional investors held Teekay Tankers (TNK) as of Q1 2016, down from 157 in Q4 2015.
- Funds reported $267M of Teekay Tankers stock for Q1 2016, down 55% quarter-over-quarter.
- 23 funds opened new Teekay Tankers positions in Q1 2016 and 40 closed out, a net change of -17 holders.
- The largest Teekay Tankers buyer in Q1 2016 was Huber Capital Management, an estimated $32.1M added.
- The largest Teekay Tankers seller in Q1 2016 was Oceanic Investment Management, an estimated $26.2M sold.
Based on aggregated 13F filings for Q1 2016.