The Vanguard Group, First Eagle Investment Management, and Harris Associates L.P. are the three largest institutional investors in National Oilwell Varco (NOV). The Vanguard Group owns 10.9% of National Oilwell Varco’s outstanding shares. First Eagle Investment Management and Harris Associates own 6.1% and 6.0%, respectively, of National Oilwell Varco’s outstanding shares. The Vanguard Group and Harris Associates added 1.2 million and 0.4 million National Oilwell Varco shares, respectively, in the fourth quarter. On the other hand, First Eagle Investment Management sold 1.7 million shares in the fourth quarter.
The above table shows the ten largest investors in National Oilwell Varco. Collectively, the ten investors added 0.8 million National Oilwell Varco shares to their positions in the fourth quarter. Seven of the top ten investors added to their positions in the stock. Dodge & Cox sold 10.5 million shares, which was the largest transaction among the top ten investors.
Together, the top ten investors own 51.5% of National Oilwell Varco’s outstanding shares—close to 51.4% shares owned by the top ten investors at the end of the third quarter.
Recently, Vulcan Value Partners bought 7.1 million National Oilwell Varco shares. Vulcan Value Partners owns 5.7% of the company’s outstanding shares. Hotchkis and Wiley Capital Management bought 4.4 million shares, while Pzena Investment Management bought 3.5 million National Oilwell Varco shares.
Recently, Dodge & Cox sold 10.5 million National Oilwell Varco shares. Now, Dodge & Cox owns 4.2% of National Oilwell Varco’s outstanding shares—down from 7.0% shares owned at the end of the third quarter. Capital Research Global Investors sold 8.4 million shares, while Morgan Stanley Investment Management sold 2.4 million National Oilwell Varco shares.
Next, we’ll discuss the recent institutional investor activity in TechnipFMC (FTI).
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