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Halliburton’s Latest Changes in Institutional Ownership

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May. 20 2019, Published 11:06 a.m. ET

Top transactions

Together, the top ten institutional investors in Halliburton (HAL) added 4.5 million shares to their positions in the first quarter. However, the stock saw some big sell-offs too. Capital World Investors held 21.5 million Haliburton shares at the end of 2018, which represented a 2.5% stake. Capital World Investors sold off its entire stake in the first quarter. Wellington Management Company sold 8.1 million Halliburton shares and reduced its stake from 4.4% to 3.5%.

Among the notable “buy” transactions, Pzena Investment Management bought 6.1 million shares, which increased its stake to 1.4% of Halliburton’s outstanding shares. Two Sigma Investments bought 5.1 million Halliburton shares.

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Top investors

The Vanguard Group and State Street Global Advisors, the two largest institutional investors in Halliburton, added to their respective holdings during the first quarter. The top ten investors owned 35.9% of Halliburton’s outstanding shares—down from 37.2% at the end of 2018. The above table shows the ten largest investors in Halliburton and their latest position changes. Dodge & Cox, Sanders Capital, and Macquarie Investment Management bought 2.2 million, 1.6 million, and 2.9 million Halliburton shares, respectively, in the first quarter.

Halliburton stock has fallen ~4% in 2019 and underperformed the VanEck Vectors Oil Services ETF (OIH). Halliburton forms 14.8% of OIH.

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