Teekay Tankers
101 hedge funds and large institutions have $116M invested in Teekay Tankers in 2020 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 25 increasing their positions, 34 reducing their positions, and 42 closing their positions.
10% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 42
6% less funds holding
Funds holding: 107 → 101 (-6)
7.47% less ownership
Funds ownership: 38.45% → 30.98% (-7.5%)
26% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 34
53% less capital invested
Capital invested by funds: $248M → $116M (-$132M)
63% less call options, than puts
Call options by funds: $6.82M | Put options by funds: $18.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
+$12.1M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.57M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$8.75M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$7.7M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$6.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$22.5M |
| 2 |
Renaissance Technologies
New York
|
-$16.8M |
| 3 |
State Street
Boston,
Massachusetts
|
-$7.27M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$6.97M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$5.43M |
TNK Hedge Fund Activity: Q2 2020 in Review
101 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Teekay Tankers (TNK) for Q2 2020, worth a combined $116M — down 53% from $248M a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of TNK and 38 opened new positions — a net loss of 4 holders — while 34 trimmed existing stakes and 25 added.
The largest buyer was Coatue Management, opening a new position worth an estimated $12.1M. The largest seller was BlackRock, cutting an estimated $22.5M.
- 101 institutional investors held Teekay Tankers (TNK) as of Q2 2020, down from 107 in Q1 2020.
- Funds reported $116M of Teekay Tankers stock for Q2 2020, down 53% quarter-over-quarter.
- 38 funds opened new Teekay Tankers positions in Q2 2020 and 42 closed out, a net change of -4 holders.
- The largest Teekay Tankers buyer in Q2 2020 was Coatue Management, an estimated $12.1M added.
- The largest Teekay Tankers seller in Q2 2020 was BlackRock, an estimated $22.5M sold.
Based on aggregated 13F filings for Q2 2020.