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Are Hedge Funds Buying COG, XEC, WMB, CXO, and HAL?

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13F filings: Hedge funds

In this part, we’ll see how hedge funds are positioning themselves in the leading first-half decliners from the Energy Select Sector SPDR ETF (XLE).

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Cabot Oil & Gas

In the first quarter, 43 hedge funds were buyers—either creating new positions or adding to existing positions of Cabot Oil & Gas (COG) stock. In the same quarter, 35 hedge funds were sellers—either closing their entire positions or reducing existing positions of COG stock. 

In the first quarter, the total buying hedge funds outnumbered the total selling hedge funds by eight. On March 31, 65 hedge funds that filed the form 13F held COG in their portfolios. Out of these 65 funds, four hedge funds had COG in their top ten holdings.

With respect to the aggregate number of shares for the first quarter, hedge funds that filed 13F forms increased their aggregate COG holdings by 17.23%. This represents an increase from ~40.47 million shares to ~47.44 million shares.

13F filings: Hedge fund statistics for XEC, WMB, CXO, and HAL

In the first quarter, hedge funds increased their aggregate holdings in Cimarex Energy (XEC), Williams Companies (WMB), and Concho Resources (CXO) by 12.66%, 22.73%, and 71.02%, respectively. However, hedge funds decreased their first-quarter aggregate holdings in Halliburton (HAL) by ~17.61%.

Form 13F is an SEC mandate that must be submitted by all hedge funds that manage more than $100.0 million in assets. Form 13F is due 45 days after the end of each quarter. 

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