Institutional Insights: Coterra Energy's Hedge Fund Activity Revealed

2024-03-12

Coterra Energy (CTRA) was under close scrutiny by a significant number of hedge funds and ETFs, with 849 hedge funds collectively holding 663,739,115 shares and 60 ETFs holding 254,918,740 shares. Among the top institutional holders were Vanguard Group Inc, BlackRock Inc., Wellington Management Group LLP, State Street Corp, and Aristotle Capital Management, LLC.

During the last quarter, 340 hedge funds were actively buying CTRA, while 342 were selling their shares. Of note, 56 hedge funds decided to double down on their positions in CTRA, while 13 opted to sell at least 90% of their shares. Among the most optimistic institutions regarding CTRA were Balyasny Asset Management L.P., Millennium Management LLC, Qube Research & Technologies Ltd, Point72 Asset Management, L.P., and UBS Asset Management Americas Inc. Conversely, the most pessimistic institutions included VOLORIDGE INVESTMENT MANAGEMENT, LLC, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, Holocene Advisors, LP, CITADEL ADVISORS LLC, and Wellington Management Group LLP.

This insightful data, obtained from sharkstracker.com, offers a data-driven perspective on the market dynamics surrounding Coterra Energy. For those interested in delving deeper into this analysis, the full report is available for purchase.