Turquoise Hill Resources Ltd
TRQ was delisted on the 15th of December, 2022.
130 hedge funds and large institutions have $344M invested in Turquoise Hill Resources Ltd in 2019 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 31 increasing their positions, 51 reducing their positions, and 28 closing their positions.
12% less funds holding
Funds holding: 148 → 130 (-18)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
39% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 51
64% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 28
65% less capital invested
Capital invested by funds: $989M → $344M (-$645M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $41K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$26.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$6.5M |
| 3 |
LM
Luminus Management
Houston,
Texas
|
+$4.81M |
| 4 |
SCM
Shah Capital Management
Raleigh,
North Carolina
|
+$4.25M |
| 5 |
KGI
Kopernik Global Investors
Tampa,
Florida
|
+$2.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
SailingStone Capital Partners
Houston,
Texas
|
-$45M |
| 2 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
-$37.2M |
| 3 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$25.4M |
| 4 |
Millennium Management
New York
|
-$4.39M |
| 5 |
PCM
Pentwater Capital Management
Naples,
Florida
|
-$2.78M |
TRQ Hedge Fund Activity: Q3 2019 in Review
130 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Turquoise Hill Resources Ltd (TRQ) for Q3 2019, worth a combined $344M — down 65% from $989M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of TRQ and 10 opened new positions — a net loss of 18 holders — while 51 trimmed existing stakes and 31 added.
The largest buyer was Nomura Holdings, adding an estimated $26.6M. The largest seller was SailingStone Capital Partners, cutting an estimated $45M.
- 130 institutional investors held Turquoise Hill Resources Ltd (TRQ) as of Q3 2019, down from 148 in Q2 2019.
- Funds reported $344M of Turquoise Hill Resources Ltd stock for Q3 2019, down 65% quarter-over-quarter.
- 10 funds opened new Turquoise Hill Resources Ltd positions in Q3 2019 and 28 closed out, a net change of -18 holders.
- The largest Turquoise Hill Resources Ltd buyer in Q3 2019 was Nomura Holdings, an estimated $26.6M added.
- The largest Turquoise Hill Resources Ltd seller in Q3 2019 was SailingStone Capital Partners, an estimated $45M sold.
Based on aggregated 13F filings for Q3 2019.