Vault-13

EARTHSTONE ENERGY INC ESTE

CL A · Common Stock · CUSIP 27032D304

176 institutional holders -15 vs Q3 2022
95,150,33595.2m shares reported held*
$1.4bnreported value*
16 new 56 added 63 reduced 37 sold out net sold ≈ $90.0m (-6.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.23. Options: 11 managers hold calls ($19.3m notional), 9 hold puts ($11.0m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 191Q4 22: 176176Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022191
Q4 2022176

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15m$20mQ3 22 calls: $9.9mQ3 22 puts: $6.1mQ3 22P/C 0.61Q4 22 calls: $19.3mQ4 22 puts: $11.0mQ4 22P/C 0.57
Numbers
QuarterCallsPutsP/C
Q3 2022$9.9m$6.1m0.61
Q4 2022$19.3m$11.0m0.57

Biggest buyers

STATE STREET CORP Added +1,026,258+1.0m
MILLENNIUM MANAGEMENT LLC Added +906,847+906.8k
AMERICAN CENTURY COMPANIES INC Added +569,102+569.1k
MACQUARIE GROUP LTD Added +521,024+521.0k
CITADEL ADVISORS LLC Added +448,449+448.4k
FIRST TRUST ADVISORS LP Added +403,641+403.6k
VANGUARD GROUP INC Added +388,161+388.2k
Point72 Asset Management, L.P. Added +377,376+377.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +310,211+310.2k
GOLDMAN SACHS GROUP INC Added +254,141+254.1k

Biggest sellers

WARBURG PINCUS LLC Reduced -6,750,000-6.8m
G.F.W. Energy XII, L.P. Sold out -957,108-957.1k
Invesco Ltd. Reduced -508,381-508.4k
Cubist Systematic Strategies, LLC Reduced -428,562-428.6k
ONTARIO TEACHERS PENSION PLAN BOARD Reduced -379,718-379.7k
CAAS CAPITAL MANAGEMENT LP Sold out -271,600-271.6k
ExodusPoint Capital Management, LP Sold out -247,561-247.6k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Sold out -238,835-238.8k
DIMENSIONAL FUND ADVISORS LP Reduced -233,502-233.5k
CREDIT SUISSE AG/ Reduced -232,773-232.8k

Biggest calls

CITADEL ADVISORS LLC Added $9.6m676.6k shares
GROUP ONE TRADING LLC Added $2.3m161.6k shares
D. E. Shaw & Co., Inc. Added $2.1m150.0k shares
WOLVERINE TRADING, LLC New $1.7m116.4k shares
JANE STREET GROUP, LLC Added $1.3m90.3k shares
SIMPLEX TRADING, LLC Added $1.1m78.1k shares
PEAK6 Investments LLC New $569.2k40.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $482.4k33.9k shares
Cubist Systematic Strategies, LLC New $167.9k11.8k shares
Cutler Group LLC / CA Added $10.0k7.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.5m455.2k shares
BANK OF AMERICA CORP /DE/ Reduced $3.7m261.5k shares
SIMPLEX TRADING, LLC Added $210.0k14.8k shares
PEAK6 Investments LLC New $195.0k13.7k shares
CITADEL ADVISORS LLC Reduced $173.6k12.2k shares
GROUP ONE TRADING LLC Reduced $156.5k11.0k shares
BANK OF MONTREAL /CAN/ Unchanged $52.7k3.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Added $01.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 EnCap Energy Capital Fund XI, L.P. 100.00% of their portfolio Houston, TX 19,819,82019.8m $282.0m $282.0m 100.00% Unchanged
2 WARBURG PINCUS LLC 10.00% of their portfolio New York, NY 11,379,13411.4m $161.9m $161.9m 10.00% Reduced -6.8m -6,750,000
3 Post Oak Energy Holdings, LLC 54.48% of their portfolio HOUSTON, TX 11,167,21311.2m $158.9m $158.9m 54.48% First filing
4 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,674,1365.7m $80.7m $80.7m 0.00% Added +1.0m +1,026,258
5 OnyxPoint Global Management LP 60.23% of their portfolio NEW YORK, NY 5,463,2185.5m $77.7m $77.7m 60.23% First filing
6 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 3,213,2683.2m $45.7m $45.7m 0.00% Added +388.2k +388,161
7 BlackRock Inc. 0.00% of their portfolio New York, NY 2,970,4523.0m $42.3m $42.3m 0.00% Added +169.4k +169,420
8 Ranger Investment Management, L.P. 3.03% of their portfolio DALLAS, TX 2,869,1092.9m $40.8m $40.8m 3.03% Added +87.6k +87,645
9 MACQUARIE GROUP LTD 0.05% of their portfolio Sydney, NSW 2000, C3 2,687,4552.7m $38.2m $38.2m 0.05% Added +521.0k +521,024
10 EnCap Energy Capital Fund VIII, L.P. 21.55% of their portfolio Houston, TX 2,303,0002.3m $32.8m $32.8m 21.55% Unchanged
11 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 2,104,8802.1m $30.0m $30.0m 0.02% Added +569.1k +569,102
12 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio CHICAGO, IL 1,758,4391.8m $25.0m $25.0m 0.10% Added +239.2k +239,189
13 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 1,668,6511.7m $23.7m $23.7m 0.03% Added +906.8k +906,847
14 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 1,659,8711.7m $23.6m $23.6m 0.01% Reduced -233.5k -233,502
15 Saba Capital Management, L.P. 0.26% of their portfolio NEW YORK, NY 1,075,6001.1m $15.3m $15.3m 0.26% Unchanged
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 854,394854.4k $12.2m $12.2m 0.02% Added +310.2k +310,211
17 ROYCE & ASSOCIATES LP 0.12% of their portfolio New York, NY 823,638823.6k $11.7m $11.7m 0.12% Added +8.3k +8,300
18 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 807,799807.8k $11.5m $11.5m 0.01% Added +403.6k +403,641
19 GW&K Investment Management, LLC 0.11% of their portfolio BOSTON, MA 773,925773.9k $11.0m $11.0m 0.11% Reduced -12.1k -12,054
20 Penn Capital Management Company, LLC 1.11% of their portfolio PHILADELPHIA, PA 763,357763.4k $10.9m $10.9m 1.11% Reduced -134.4k -134,408
21 Redwood Investments, LLC 1.45% of their portfolio BOSTON, MA 758,579758.6k $10.8m $10.8m 1.45% Reduced -17.5k -17,494
22 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 742,006742.0k $10.6m $10.6m 0.00% Added +29.1k +29,068
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 701,541701.5k $10.0m $10.0m 0.00% Added +67.8k +67,849
24 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 665,962666.0k $9.5m $9.5m 0.01% Reduced -119.1k -119,094
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 578,508578.5k $8.2m $8.2m 0.00% Added +254.1k +254,141
26 Smith, Graham & Co., Investment Advisors, LP 0.94% of their portfolio Houston, TX 541,002541.0k $7.7m $7.7m 0.94% Reduced -1.7k -1,733
27 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 495,081495.1k $7.0m $7.0m 0.02% Added +53.7k +53,721
28 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 487,038487.0k $6.9m $6.9m 0.00% Reduced -9.4k -9,416
29 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 482,934482.9k $6.9m $6.9m 0.01% Added +448.4k +448,449
30 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 482,440482.4k $6.9m $6.9m 0.01% Reduced -171.1k -171,089
31 Rafferty Asset Management, LLC 0.05% of their portfolio New York, NY 426,319426.3k $6.1m $6.1m 0.05% Added +91.0k +90,956
32 ONTARIO TEACHERS PENSION PLAN BOARD 0.06% of their portfolio Toronto, A6 409,400409.4k $5.8m $5.8m 0.06% Reduced -379.7k -379,718
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 409,032409.0k $5.8m $5.8m 0.00% Added +52.2k +52,170
34 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 408,476408.5k $5.8m $5.8m 0.02% Added +377.4k +377,376
35 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 403,242403.2k $5.7m $5.7m 0.00% Added +6.4k +6,427
36 Moody Aldrich Partners LLC 0.98% of their portfolio MARBLEHEAD, MA 338,559338.6k $4.8m $4.8m 0.98% Reduced -161.6k -161,621
37 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 333,185333.2k $4.7m $4.7m 0.03% Reduced -24.9k -24,926
38 ROTHSCHILD & CO ASSET MANAGEMENT US INC. 0.07% of their portfolio Stamford, CT 332,535332.5k $4.7m $4.7m 0.07% Reduced -1.3k -1,338
39 VAN DEN BERG MANAGEMENT I, INC 1.69% of their portfolio AUSTIN, TX 319,368319.4k $4.5m $4.5m 1.69% Reduced -143.1k -143,132
40 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 314,926314.9k $4.5m $4.5m 0.01% Added +85.9k +85,934
41 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 293,909293.9k $4.2m $4.2m 0.00% Added +4.9k +4,895
42 Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio VANCOUVER, A1 286,322286.3k $4.1m $4.1m 0.02% Reduced -153.5k -153,545
43 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 267,039267.0k $3.8m $3.8m 0.00% Added +32.8k +32,837
44 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 255,268255.3k $3.6m $3.6m 0.01% Added +29.6k +29,605
45 First Eagle Investment Management, LLC 0.01% of their portfolio NEW YORK, NY 231,029231.0k $3.3m $3.3m 0.01% Reduced -13.3k -13,300
46 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 221,224221.2k $3.1m $3.1m 0.00% Added +690 +690
47 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 179,511179.5k $2.6m $2.6m 0.01% New
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 168,027168.0k $2.4m $2.4m 0.00% Added +143.3k +143,320
49 Monarch Partners Asset Management LLC 0.65% of their portfolio BOSTON, MA 153,901153.9k $2.2m $2.2m 0.65% New
50 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 131,900131.9k $1.9m $1.9m 0.01% Added +49.7k +49,700
51 OBERWEIS ASSET MANAGEMENT INC/ 0.39% of their portfolio LISLE, IL 128,800128.8k $1.8m $1.8m 0.39% Added +24.2k +24,200
52 Trexquant Investment LP 0.05% of their portfolio STAMFORD, CT 115,033115.0k $1.6m $1.6m 0.05% New
53 Swiss National Bank 0.00% of their portfolio ZURICH, V8 114,500114.5k $1.6m $1.6m 0.00% Added +11.3k +11,300
54 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 113,429113.4k $1.6m $1.6m 0.00% Added +106.5k +106,508
55 CoreCommodity Management, LLC 0.50% of their portfolio STAMFORD, CT 113,004113.0k $1.6m $1.6m 0.50% New
56 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 101,429101.4k $1.4m $1.4m 0.02% Added +44.0k +44,000
57 Black Swift Group, LLC 0.54% of their portfolio BOULDER, CO 95,00095.0k $1.4m $1.4m 0.54% Reduced -116.5k -116,500
58 OUTFITTERS FINANCIAL LLC 1.11% of their portfolio Brunswick, ME 86,00086.0k $1.2m $1.2m 1.11% Unchanged
59 Pinnacle Holdings, LLC 0.54% of their portfolio TULSA, OK 84,40384.4k $1.2m $1.2m 0.54% Reduced -2.1k -2,083
60 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 81,04181.0k $1.2m $1.2m 0.00% Reduced -29.4k -29,450
61 Cambria Investment Management, L.P. 0.10% of their portfolio Manhattan Beach, CA 79,97680.0k $1.1m $1.1m 0.10% Added +30.8k +30,760
62 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 71,66471.7k $1.0m $1.0m 0.00% Reduced -17.7k -17,721
63 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 71,37171.4k $1.0m $1.0m 0.00% Reduced -36.4k -36,436
64 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 69,32369.3k $986.5k $986.5k 0.00% Not comparable
65 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 68,85268.9k $979.8k $979.8k 0.00% Reduced -49.6k -49,586
66 DRW Securities, LLC 0.19% of their portfolio CHICAGO, IL 67,00067.0k $953.0k $953.0k 0.19% First filing
67 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 66,58066.6k $947.0k $947.0k 0.01% Reduced -139.3k -139,320
68 Diametric Capital, LP 0.44% of their portfolio BOSTON, MA 64,11064.1k $912.3k $912.3k 0.44% Reduced -20.2k -20,202
69 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 64,01964.0k $910.0k $910.0k 0.00% Reduced -137 -137
70 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 62,84962.8k $894.3k $894.3k 0.00% Reduced -232.8k -232,773
71 Icon Wealth Advisors, LLC 0.10% of their portfolio HOUSTON, TX 60,00060.0k $853.8k $853.8k 0.10% Added +50.0k +50,000
72 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 58,63858.6k $834.4k $834.4k 0.00% Added +3.5k +3,501
73 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 57,02557.0k $811.0k $811.0k 0.00% Added +1.1k +1,096
74 Phocas Financial Corp. 0.11% of their portfolio ALAMEDA, CA 55,19855.2k $785.0k $785.0k 0.11% Unchanged
75 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 54,39654.4k $758.5k $758.5k 0.02% Reduced -1.3k -1,309
76 Boston Partners 0.00% of their portfolio BOSTON, MA 51,07251.1k $726.8k $726.8k 0.00% Reduced -11.1k -11,056
77 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 50,43850.4k $717.7k $717.7k 0.00% Added +23.8k +23,810
78 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 49,45649.5k $703.8k $703.8k 0.01% Reduced -140.5k -140,544
79 Summit Global Investments 0.06% of their portfolio BOUNTIFUL, UT 48,10048.1k $684.0k $684.0k 0.06% Added +14.4k +14,400
80 Jump Financial, LLC 0.04% of their portfolio Chicago, IL 47,10047.1k $670.2k $670.2k 0.04% New
81 HERITAGE INVESTORS MANAGEMENT CORP 0.03% of their portfolio BETHESDA, MD 46,35146.4k $660.0k $660.0k 0.03% Reduced -905 -905
82 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 45,20045.2k $643.2k $643.2k 0.00% Unchanged
83 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 44,77844.8k $637.2k $637.2k 0.00% Reduced -22.2k -22,159
84 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 40,38140.4k $574.6k $574.6k 0.00% Reduced -763 -763
85 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 39,08439.1k $556.2k $556.2k 0.00% Added +8.9k +8,945
86 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 35,80035.8k $509.4k $509.4k 0.00% Unchanged
87 UBS Group AG 0.00% of their portfolio ZURICH, V8 33,34633.3k $474.5k $474.5k 0.00% Reduced -5.8k -5,780
88 Aigen Investment Management, LP 0.06% of their portfolio NEW YORK, NY 31,71031.7k $451.2k $451.2k 0.06% Reduced -175 -175
89 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 31,34131.3k $446.0k $446.0k 0.00% Unchanged
90 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 31,01531.0k $441.3k $441.3k 0.00% Added +10.8k +10,767
91 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 30,78830.8k $438.1k $438.1k 0.00% Reduced -40.3k -40,285
92 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 30,49130.5k $433.9k $433.9k 0.00% Reduced -6.8k -6,761
93 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 30,43430.4k $433.0k $433.0k 0.00% Reduced -605 -605
94 MOODY NATIONAL BANK TRUST DIVISION 0.04% of their portfolio GALVESTON, TX 30,00030.0k $427.0k $427.0k 0.04% Added +10.0k +10,000
95 Register Financial Advisors LLC 0.27% of their portfolio ATLANTA, GA 30,00030.0k $426.9k $426.9k 0.27% First filing
96 Point72 Middle East FZE 0.03% of their portfolio DUBAI, C0 29,81229.8k $424.2k $424.2k 0.03% First filing
97 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 29,65429.7k $421.0k $421.0k 0.00% Added +5.0k +4,975
98 Corton Capital Inc. 0.30% of their portfolio Carrying Place, A6 25,59025.6k $364.1k $364.1k 0.30% Reduced -6.8k -6,791
99 INTREPID CAPITAL MANAGEMENT INC 0.31% of their portfolio JACKSONVILLE BEACH, FL 25,16825.2k $358.0k $358.0k 0.31% Unchanged
100 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 25,12325.1k $357.5k $357.5k 0.00% New