INTREPID POTASH INC IPI
COM · Common Stock · CUSIP 46121Y201 · ISIN US46121Y2019
Fertilizer manufacturing company based in Denver, Colorado, United States
- SectorMaterials
- IndustryMining & Quarrying of Nonmetallic Minerals (No Fuels)
- HeadquartersDenver, CO
- Websiteintrepidpotash.com
- FilingsSEC EDGAR
* 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 ($1.2m this quarter). Holder counts are more reliable. Shares outstanding: 13.3m as of 2024-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $23.43. Options: 6 managers hold calls ($3.4m notional), 7 hold puts ($2.4m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 145 |
| Q4 2022 | 126 |
| Q1 2023 | 113 |
| Q2 2023 | 92 |
| Q3 2023 | 95 |
| Q4 2023 | 92 |
| Q1 2024 | 92 |
| Q2 2024 | 98 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 64 | 77 |
| Q1 2023 | 53 | 68 |
| Q2 2023 | 40 | 58 |
| Q3 2023 | 43 | 41 |
| Q4 2023 | 39 | 48 |
| Q1 2024 | 39 | 51 |
| Q2 2024 | 46 | 41 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $5.5m | $4.0m | 0.72 |
| Q4 2023 | $6.0m | $2.7m | 0.46 |
| Q1 2024 | $4.5m | $5.3m | 1.17 |
| Q2 2024 | $3.4m | $2.4m | 0.70 |
Biggest buyers
| TITLEIST ASSET MANAGEMENT, LLC | Added | +1.0m |
| GATE CITY CAPITAL MANAGEMENT, LLC | Added | +250.6k |
| First Eagle Investment Management, LLC | Added | +121.1k |
| Cubist Systematic Strategies, LLC | New | +41.8k |
| VANGUARD GROUP INC | Added | +37.8k |
| BlackRock Inc. | Added | +36.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +26.7k |
| TUDOR INVESTMENT CORP ET AL | New | +23.5k |
| ExodusPoint Capital Management, LP | New | +20.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Added | +19.4k |
Biggest sellers
| Parkwood LLC | Sold out | -248.4k |
| MORGAN STANLEY | Reduced | -113.0k |
| FEDERATED HERMES, INC. | Reduced | -81.1k |
| CastleKnight Management LP | Reduced | -79.8k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -50.2k |
| PINNACLE ASSOCIATES LTD | Sold out | -49.1k |
| SIMPLEX TRADING, LLC | Reduced | -37.0k |
| JPMORGAN CHASE & CO | Reduced | -36.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -29.1k |
| D. E. Shaw & Co., Inc. | Reduced | -27.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.6m70.2k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m66.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $142.0k6.1k shares |
| GROUP ONE TRADING LLC | Reduced | $42.2k1.8k shares |
| Walleye Capital LLC | Reduced | $9.4k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $918.5k39.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $660.7k28.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $414.0k17.7k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $269.4k11.5k shares |
| GROUP ONE TRADING LLC | Reduced | $119.5k5.1k shares |
| Walleye Capital LLC | Reduced | $2.3k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-02-05 | 7.1% |
Fell to 5% or below in the last year: GATE CITY CAPITAL MANAGEMENT, LLC (1.7%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 1 | $2.3m | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $2.6m | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| TITLEIST ASSET MANAGEMENT, LLC 4.67% of their portfolio | 1.3m $30.8m | Added +1.0m |
| BlackRock Inc. 0.00% of their portfolio | 791.5k $18.5m | Added +36.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 737.5k $17.3m | Added +26.7k |
| GATE CITY CAPITAL MANAGEMENT, LLC 12.10% of their portfolio | 705.9k $16.5m | Added +250.6k |
| Azarias Capital Management, L.P. 6.98% of their portfolio | 662.5k $15.5m | Reduced -15.2k |
| First Eagle Investment Management, LLC 0.03% of their portfolio | 602.8k $14.1m | Added +121.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 591.0k $13.8m | Added +37.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 229.9k $5.4m | Added +18.3k |
| STATE STREET CORP 0.00% of their portfolio | 225.8k $5.3m | Added +35 |
| Goehring & Rozencwajg Associates, LLC 0.90% of their portfolio | 193.8k $4.5m | Added +19.2k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 184.3k $4.3m | Added +15.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 107.9k $2.5m | Added +19.4k |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 98.4k $2.3m | Reduced -10.8k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 97.9k $2.3m | Reduced -27.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 83.5k $2.0m | Reduced -2.6k |
| MORGAN STANLEY 0.00% of their portfolio | 67.8k $1.6m | Reduced -113.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 67.3k $1.6m | Reduced -1.8k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 65.8k $1.5m | Reduced -16.0k |
| Invesco Ltd. 0.00% of their portfolio | 62.1k $1.5m | Reduced -23.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 51.8k $1.2m | Added +6.6k |
| Empowered Funds, LLC 0.02% of their portfolio | 51.1k $1.2m | Reduced -12.4k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 47.5k $1.1m | Reduced -3.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 46.4k $1.1m | Added +2.3k |
| Acuitas Investments, LLC 0.58% of their portfolio | 46.1k $1.1m | Added +8.0k |
| ArrowMark Colorado Holdings LLC 0.01% of their portfolio | 43.7k $1.0m | Unchanged |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 41.8k $978.9k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 41.4k $970.4k | Reduced -5.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 40.5k $948.2k | Reduced -36.1k |
| NORGES BANK 0.00% of their portfolio | 32.4k $759.1k | Not comparable |
| Glenorchy Capital Ltd 0.55% of their portfolio | 31.8k $744.8k | Added +11.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 30.0k $703.6k | Added +2.1k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 29.8k $697.3k | Unchanged |
| Walleye Capital LLC 0.01% of their portfolio | 28.6k $669.8k | Added +19.0k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 26.5k $620.2k | Added +2.0k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 23.5k $551.3k | New |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 20.5k $480.0k | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 19.1k $447.9k | Unchanged |
| CastleKnight Management LP 0.06% of their portfolio | 18.8k $441.2k | Reduced -79.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 18.1k $424.0k | Added +506 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 18.0k $421.7k | Added +861 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 17.6k $412.1k | Added +4.0k |
| WealthTrust Axiom LLC 0.14% of their portfolio | 17.5k $410.0k | Added +4.0k |
| PDT Partners, LLC 0.04% of their portfolio | 16.4k $384.0k | Reduced -2.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 13.6k $317.5k | Added +3.4k |
| Squarepoint Ops LLC 0.00% of their portfolio | 12.9k $303.3k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 12.1k $284.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 12.0k $281.2k | Reduced -2.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 11.7k $273.5k | Reduced -8.6k |
| Jump Financial, LLC 0.00% of their portfolio | 10.1k $236.5k | New |
| Trexquant Investment LP 0.00% of their portfolio | 9.4k $221.0k | Reduced -428 |
| Brandywine Global Investment Management, LLC 0.00% of their portfolio | 8.9k $207.6k | New |
| Marquette Asset Management, LLC 0.03% of their portfolio | 8.3k $194.8k | Added +1.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 7.9k $185.0k | Reduced -50.2k |
| Advisors Asset Management, Inc. 0.00% of their portfolio | 7.9k $184.1k | Reduced -786 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 7.3k $172.2k | Reduced -200 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 6.3k $148.2k | Added +716 |
| Corebridge Financial, Inc. 0.00% of their portfolio | 5.9k $137.8k | First filing |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 5.6k $131.0k | Reduced -3.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 5.3k $124.2k | Added +3 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 4.9k $114.4k | First filing |
| State of Wyoming 0.02% of their portfolio | 4.1k $95.5k | New |
| UBS Group AG 0.00% of their portfolio | 4.1k $95.5k | Reduced -7.3k |
| BARCLAYS PLC 0.00% of their portfolio | 3.8k $87.9k | Reduced -3.6k |
| CITIGROUP INC 0.00% of their portfolio | 3.0k $70.1k | Added +583 |
| Altshuler Shaham Ltd 0.00% of their portfolio | 2.5k $58.6k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 2.0k $47.5k | Added +1.8k |
| Covestor Ltd 0.03% of their portfolio | 1.7k $40.0k | Reduced -31 |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 1.6k $38.0k | Reduced -37.0k |
| EntryPoint Capital, LLC 0.01% of their portfolio | 1.3k $31.2k | New |
| Gladius Capital Management LP 0.03% of their portfolio | 1.2k $28.1k | Reduced -669 |
| FMR LLC 0.00% of their portfolio | 1.0k $24.1k | Added +42 |
| nVerses Capital, LLC 0.01% of their portfolio | 1.0k $23.4k | New |
| Legal & General Group Plc 0.00% of their portfolio | 884 $20.7k | Unchanged |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 831 $19.5k | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 792 $18.6k | Reduced -277 |
| INNEALTA CAPITAL, LLC 0.01% of their portfolio | 752 $17.6k | New |
| GAMMA Investing LLC 0.00% of their portfolio | 671 $15.7k | Reduced -35 |
| Investors Research Corp 0.00% of their portfolio | 670 $15.7k | Unchanged |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 551 $12.9k | Reduced -81.1k |
| Aquatic Capital Management LLC 0.00% of their portfolio | 400 $9.4k | Reduced -1.8k |
| AMALGAMATED BANK 0.00% of their portfolio | 390 $9.0k | Unchanged |
| WHITTIER TRUST CO 0.00% of their portfolio | 357 $8.4k | Unchanged |
| WealthCollab, LLC 0.00% of their portfolio | 306 $6.6k | Added +66 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 275 $7.2k | Unchanged |
| Steward Partners Investment Advisory, LLC 0.00% of their portfolio | 250 $5.9k | Unchanged |
| Point72 Asia (Singapore) Pte. Ltd. 0.00% of their portfolio | 175 $4.1k | New |
| Fortitude Family Office, LLC 0.00% of their portfolio | 75 $1.8k | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 65 $1.5k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 61 $1.0k | Added +5 |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 50 $1.2k | Unchanged |
| AlphaQuest LLC 0.00% of their portfolio | 38 $890 | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 33 $773 | Added +17 |
| IFP Advisors, Inc 0.00% of their portfolio | 21 $492 | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 10 $228 | Unchanged |
| Allworth Financial LP 0.00% of their portfolio | 9 $219 | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 6 $137 | Unchanged |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 5 $117 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |