Verso Corporation
VRS
VRS was delisted on the 30th of March, 2022.
20 hedge funds and large institutions have $140M invested in Verso Corporation in 2022 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 119 closing their positions.
300% more call options, than puts
Call options by funds: $4K | Put options by funds: $1K
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
78% less capital invested
Capital invested by funds: $635M → $140M (-$495M)
85% less funds holding
Funds holding: 134 → 20 (-114)
95% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 119
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$19.8M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$11.5M |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$11M |
| 4 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
+$1.46M |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$215K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$69.5M |
| 2 |
SCM
SCW Capital Management
Dallas,
Texas
|
-$54.2M |
| 3 |
BlackRock
New York
|
-$50M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$36.3M |
| 5 |
Charles Schwab
San Francisco,
California
|
-$21.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Legal & General Group
London,
United Kingdom
| – | -$58K | -2,146 | Closed |
|
127
Koshinski Asset Management
Decatur,
Illinois
| – | -$50K | -1,849 | Closed |
|
|
CG
128
Cutler Group
San Francisco,
California
| – | -$39K | -1,445 | Closed |
|
129
Osaic Holdings
Scottsdale,
Arizona
| – | -$36K | -1,350 | Closed |
|
|
QT
130
Quantbot Technologies
New York
| – | -$13K | -500 | Closed |
|
|
TC
131
Truvestments Capital
Sarasota,
Florida
| – | -$7K | -250 | Closed |
|
|
QCG
132
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$4K | -150 | Closed |
|
133
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$4K | -148 | Closed |
|
134
US Bancorp
Minneapolis,
Minnesota
| – | -$1K | -48 | Closed |
|
|
EI
135
Ellevest Inc
New York
| – | -$642 | -24 | -39% |
|
|
AAS
136
Annex Advisory Services
Brookfield,
Wisconsin
| – | +$4.3K | +161 | New |
|
137
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | +$15.3K | +573 | +150% |
|
VRS Hedge Fund Activity: Q1 2022 in Review
20 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Verso Corporation (VRS) for Q1 2022, worth a combined $140M — down 78% from $635M a quarter earlier.
Sellers outnumbered buyers: 119 funds closed out of VRS and 6 opened new positions — a net loss of 113 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Gardner Lewis Asset Management, opening a new position worth an estimated $19.8M. The largest seller was Dimensional Fund Advisors, exiting entirely with an estimated $69.5M sold.
- 20 institutional investors held Verso Corporation (VRS) as of Q1 2022, down from 134 in Q4 2021.
- Funds reported $140M of Verso Corporation stock for Q1 2022, down 78% quarter-over-quarter.
- 6 funds opened new Verso Corporation positions in Q1 2022 and 119 closed out, a net change of -113 holders.
- The largest Verso Corporation buyer in Q1 2022 was Gardner Lewis Asset Management, an estimated $19.8M added.
- The largest Verso Corporation seller in Q1 2022 was Dimensional Fund Advisors, an estimated $69.5M sold.
Based on aggregated 13F filings for Q1 2022.