Teekay Tankers
123 hedge funds and large institutions have $156M invested in Teekay Tankers in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 40 increasing their positions, 36 reducing their positions, and 26 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 36
0.73% less ownership
Funds ownership: 6.57% → 5.84% (-0.73%)
8% less funds holding
Funds holding: 133 → 123 (-10)
25% less capital invested
Capital invested by funds: $208M → $156M (-$51.8M)
35% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 26
80% less call options, than puts
Call options by funds: $174K | Put options by funds: $851K
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
+$1.91M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$1.8M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$1.15M |
| 4 |
State Street
Boston,
Massachusetts
|
+$735K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$690K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$4.34M |
| 2 |
WCM Investment Management
Laguna Beach,
California
|
-$3.39M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$2.95M |
| 4 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$2.92M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.35M |
TNK Hedge Fund Activity: Q3 2016 in Review
123 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Teekay Tankers (TNK) for Q3 2016, worth a combined $156M — down 25% from $208M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of TNK and 17 opened new positions — a net loss of 9 holders — while 36 trimmed existing stakes and 40 added.
The largest buyer was Columbia Partners Investment Management, adding an estimated $1.91M. The largest seller was Contrarian Capital Management, cutting an estimated $4.34M.
- 123 institutional investors held Teekay Tankers (TNK) as of Q3 2016, down from 133 in Q2 2016.
- Funds reported $156M of Teekay Tankers stock for Q3 2016, down 25% quarter-over-quarter.
- 17 funds opened new Teekay Tankers positions in Q3 2016 and 26 closed out, a net change of -9 holders.
- The largest Teekay Tankers buyer in Q3 2016 was Columbia Partners Investment Management, an estimated $1.91M added.
- The largest Teekay Tankers seller in Q3 2016 was Contrarian Capital Management, an estimated $4.34M sold.
Based on aggregated 13F filings for Q3 2016.