Verso Corporation
VRS
VRS was delisted on the 30th of March, 2022.
130 hedge funds and large institutions have $333M invested in Verso Corporation in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 52 increasing their positions, 45 reducing their positions, and 25 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
16% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 45
9% less funds holding
Funds holding: 143 → 130 (-13)
36% less capital invested
Capital invested by funds: $517M → $333M (-$184M)
48% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 25
88% less call options, than puts
Call options by funds: $237K | Put options by funds: $1.96M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TG
TCW Group
Los Angeles,
California
|
+$9.79M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$5.38M |
| 3 |
SCM
SCW Capital Management
Dallas,
Texas
|
+$4.99M |
| 4 |
DSC
Donald Smith & Co
New York
|
+$4.65M |
| 5 |
KIM
Kestrel Investment Management
San Mateo,
California
|
+$3.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$12.2M |
| 2 |
MWNA
Marshall Wace North America
New York
|
-$3.26M |
| 3 |
Man Group
London,
United Kingdom
|
-$2.66M |
| 4 |
Two Sigma Investments
New York
|
-$2.61M |
| 5 |
VC
Voss Capital
Houston,
Texas
|
-$2.57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$144K | -7,978 | Closed |
|
|
APA
152
American Portfolios Advisors
Holbrook,
New York
| – | -$4.53K | -251 | Closed |
|
VRS Hedge Fund Activity: Q1 2020 in Review
130 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Verso Corporation (VRS) for Q1 2020, worth a combined $333M — down 36% from $517M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of VRS and 13 opened new positions — a net loss of 12 holders — while 45 trimmed existing stakes and 52 added.
The largest buyer was TCW Group, opening a new position worth an estimated $9.79M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $12.2M sold.
- 130 institutional investors held Verso Corporation (VRS) as of Q1 2020, down from 143 in Q4 2019.
- Funds reported $333M of Verso Corporation stock for Q1 2020, down 36% quarter-over-quarter.
- 13 funds opened new Verso Corporation positions in Q1 2020 and 25 closed out, a net change of -12 holders.
- The largest Verso Corporation buyer in Q1 2020 was TCW Group, an estimated $9.79M added.
- The largest Verso Corporation seller in Q1 2020 was Oaktree Capital Management, an estimated $12.2M sold.
Based on aggregated 13F filings for Q1 2020.