Teekay Tankers
133 hedge funds and large institutions have $208M invested in Teekay Tankers in 2016 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 52 increasing their positions, 38 reducing their positions, and 28 closing their positions.
37% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 38
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.53% less ownership
Funds ownership: 7.1% → 6.57% (-0.53%)
4% less funds holding
Funds holding: 139 → 133 (-6)
21% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 28
24% less capital invested
Capital invested by funds: $272M → $208M (-$64.5M)
42% less call options, than puts
Call options by funds: $461K | Put options by funds: $791K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QF
QVT Financial
New York
|
+$6.55M |
| 2 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$5.26M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.11M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.85M |
| 5 |
HCM
Huber Capital Management
El Segundo,
California
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$15.7M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$6.2M |
| 3 |
Millennium Management
New York
|
-$4.37M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$3.69M |
| 5 |
FLPIM
F.L. Putnam Investment Management
Lynnfield,
Massachusetts
|
-$3.12M |
TNK Hedge Fund Activity: Q2 2016 in Review
133 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Teekay Tankers (TNK) for Q2 2016, worth a combined $208M — down 24% from $272M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of TNK and 22 opened new positions — a net loss of 6 holders — while 38 trimmed existing stakes and 52 added.
The largest buyer was QVT Financial, adding an estimated $6.55M. The largest seller was Bank of America, cutting an estimated $15.7M.
- 133 institutional investors held Teekay Tankers (TNK) as of Q2 2016, down from 139 in Q1 2016.
- Funds reported $208M of Teekay Tankers stock for Q2 2016, down 24% quarter-over-quarter.
- 22 funds opened new Teekay Tankers positions in Q2 2016 and 28 closed out, a net change of -6 holders.
- The largest Teekay Tankers buyer in Q2 2016 was QVT Financial, an estimated $6.55M added.
- The largest Teekay Tankers seller in Q2 2016 was Bank of America, an estimated $15.7M sold.
Based on aggregated 13F filings for Q2 2016.