Vault-13

NEXTIER OILFIELD SOLUTIONS FRAC

COM · Common Stock · CUSIP 65290C105

246 institutional holders +17 vs Q4 2022
245,734,772245.7m shares reported held*
$2.0bnreported value*
49 new 91 added 72 reduced 33 sold out net bought ≈ $373.6m (+47.0m 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 ($147.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.95. Options: 8 managers hold calls ($8.3m notional), 6 hold puts ($1.5m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 224Q4 22: 229Q1 23: 246246Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022224
Q4 2022229
Q1 2023246

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 128 bought or addedQ4 22: 105 cut or sold outQ4 22Q1 23: 140 bought or addedQ1 23: 105 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022128105
Q1 2023140105

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 22 calls: $15.9mQ3 22 puts: $7.0mQ3 22P/C 0.44Q4 22 calls: $23.1mQ4 22 puts: $1.6mQ4 22P/C 0.07Q1 23 calls: $8.3mQ1 23 puts: $1.5mQ1 23P/C 0.18
Numbers
QuarterCallsPutsP/C
Q3 2022$15.9m$7.0m0.44
Q4 2022$23.1m$1.6m0.07
Q1 2023$8.3m$1.5m0.18

Biggest buyers

FMR LLC Added +21,951,916+22.0m
BlackRock Inc. Added +13,115,970+13.1m
MACQUARIE GROUP LTD Added +7,546,832+7.5m
PRINCIPAL FINANCIAL GROUP INC Added +5,203,008+5.2m
STATE STREET CORP Added +3,380,899+3.4m
VANGUARD GROUP INC Added +2,253,313+2.3m
Pacer Advisors, Inc. New +2,251,460+2.3m
Invesco Ltd. Added +1,466,394+1.5m
DIMENSIONAL FUND ADVISORS LP Added +1,295,238+1.3m
MORGAN STANLEY Added +1,125,166+1.1m

Biggest sellers

Cerberus Capital Management, L.P. Reduced -4,912,012-4.9m
TWO SIGMA ADVISERS, LP Reduced -1,562,800-1.6m
VAN ECK ASSOCIATES CORP Reduced -1,485,984-1.5m
RENAISSANCE TECHNOLOGIES LLC Reduced -1,421,456-1.4m
Assenagon Asset Management S.A. Sold out -1,301,643-1.3m
Bank of New York Mellon Corp Reduced -1,275,870-1.3m
TWO SIGMA INVESTMENTS, LP Reduced -1,219,365-1.2m
Russell Investments Group, Ltd. Reduced -1,187,387-1.2m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -833,387-833.4k
Nuveen Asset Management, LLC Reduced -827,327-827.3k

Biggest calls

JANE STREET GROUP, LLC Reduced $4.1m514.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.8m232.7k shares
CITADEL ADVISORS LLC Added $1.1m132.3k shares
PEAK6 Investments LLC Added $470.6k59.2k shares
SIMPLEX TRADING, LLC Reduced $365.0k46.0k shares
GROUP ONE TRADING LLC Reduced $261.6k32.9k shares
WOLVERINE TRADING, LLC Added $252.0k32.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.4m170.8k shares
CITADEL ADVISORS LLC Reduced $58.8k7.4k shares
SIMPLEX TRADING, LLC Added $53.0k6.7k shares
PEAK6 Investments LLC Added $50.1k6.3k shares
GROUP ONE TRADING LLC New $4.0k500 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.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.01% of their portfolio BOSTON, MA 34,899,77434.9m $277.5m $277.5m 0.01% Added +22.0m +21,951,916
2 Cerberus Capital Management, L.P. 5.29% of their portfolio NEW YORK, NY 27,418,81627.4m $218.0m $218.0m 5.29% Reduced -4.9m -4,912,012
3 BlackRock Inc. 0.01% of their portfolio New York, NY 26,240,18426.2m $208.6m $208.6m 0.01% Added +13.1m +13,115,970
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 23,075,88023.1m $183.5m $183.5m 0.00% Added +2.3m +2,253,313
5 T. Rowe Price Investment Management, Inc. 0.06% of their portfolio BALTIMORE, MD 9,751,9769.8m $77.5m $77.5m 0.06% Reduced -469.9k -469,862
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,349,6368.3m $66.4m $66.4m 0.00% Added +3.4m +3,380,899
7 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 7,716,9687.7m $61.3m $61.3m 0.02% Added +1.3m +1,295,238
8 PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio DES MOINES, IA 7,628,5657.6m $60.6m $60.6m 0.04% Added +5.2m +5,203,008
9 MACQUARIE GROUP LTD 0.07% of their portfolio Sydney, NSW 2000, C3 7,610,6227.6m $60.5m $60.5m 0.07% Added +7.5m +7,546,832
10 VAN ECK ASSOCIATES CORP 0.12% of their portfolio NEW YORK, NY 6,359,1696.4m $50.6m $50.6m 0.12% Reduced -1.5m -1,485,984
11 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 6,197,7936.2m $49.3m $49.3m 0.05% Added +376.3k +376,315
12 Boston Partners 0.06% of their portfolio BOSTON, MA 5,120,9905.1m $40.9m $40.9m 0.06% Added +803.8k +803,766
13 Greenhouse Funds LLLP 2.92% of their portfolio BALTIMORE, MD 4,206,0754.2m $33.4m $33.4m 2.92% Added +874.1k +874,059
14 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 4,082,7374.1m $32.5m $32.5m 0.01% Reduced -582.3k -582,270
15 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 3,932,3973.9m $31.3m $31.3m 0.01% Added +1.5m +1,466,394
16 Fisher Asset Management, LLC 0.02% of their portfolio PLANO, TX 3,864,1773.9m $30.7m $30.7m 0.02% Reduced -582.9k -582,891
17 Aristotle Capital Boston, LLC 0.83% of their portfolio BOSTON, MA 3,371,2853.4m $26.8m $26.8m 0.83% Added +41.5k +41,495
18 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 3,110,1573.1m $24.7m $24.7m 0.00% Added +149.8k +149,776
19 WESTFIELD CAPITAL MANAGEMENT CO LP 0.17% of their portfolio BOSTON, MA 3,046,5143.0m $24.2m $24.2m 0.17% Added +104.3k +104,333
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,526,1752.5m $20.1m $20.1m 0.00% Added +1.1m +1,125,166
21 Pacer Advisors, Inc. 0.08% of their portfolio Malvern, PA 2,251,4602.3m $17.9m $17.9m 0.08% New
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 2,120,9992.1m $16.9m $16.9m 0.01% Added +204.9k +204,891
23 Point72 Asset Management, L.P. 0.06% of their portfolio STAMFORD, CT 1,974,7072.0m $15.7m $15.7m 0.06% Reduced -785.9k -785,912
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,864,3061.9m $14.8m $14.8m 0.00% Added +160.9k +160,858
25 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 1,779,1311.8m $14.1m $14.1m 0.01% Added +822.4k +822,383
26 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,772,2091.8m $14.1m $14.1m 0.00% Reduced -1.3m -1,275,870
27 SIR Capital Management, L.P. 1.17% of their portfolio NEW YORK, NY 1,382,9171.4m $11.0m $11.0m 1.17% Reduced -367.5k -367,472
28 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,377,7121.4m $11.0m $11.0m 0.00% Added +358.0k +358,019
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,335,5671.3m $10.6m $10.6m 0.00% Added +128.9k +128,909
30 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 1,107,5591.1m $8.8m $8.8m 0.02% Reduced -54.1k -54,103
31 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 1,080,6061.1m $8.6m $8.6m 0.01% Reduced -1.4m -1,421,456
32 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 1,072,7261.1m $8.5m $8.5m 0.02% Reduced -1.6m -1,562,800
33 Apis Capital Advisors, LLC 7.74% of their portfolio New York, NY 914,000914.0k $7.3m $7.3m 7.74% Added +24.0k +24,000
34 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 887,633887.6k $7.1m $7.1m 0.01% Added +96.3k +96,302
35 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 871,857871.9k $6.9m $6.9m 0.00% Added +652.7k +652,662
36 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 854,636854.6k $6.8m $6.8m 0.00% Reduced -827.3k -827,327
37 Sagefield Capital LP 1.54% of their portfolio DALLAS, TX 836,448836.4k $6.6m $6.6m 1.54% Added +115.9k +115,906
38 VIKING FUND MANAGEMENT LLC 1.19% of their portfolio MINOT, ND 780,000780.0k $6.2m $6.2m 1.19% Added +110.0k +110,000
39 Skylands Capital, LLC 0.89% of their portfolio Milwaukee, WI 763,140763.1k $6.1m $6.1m 0.89% Added +497.2k +497,190
40 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.02% of their portfolio Los Angeles, CA 734,940734.9k $5.8m $5.8m 0.02% Added +87.2k +87,200
41 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 731,003731.0k $5.8m $5.8m 0.00% Added +36.9k +36,863
42 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 718,566718.6k $5.7m $5.7m 0.01% Reduced -89.7k -89,705
43 Alyeska Investment Group, L.P. 0.05% of their portfolio CHICAGO, IL 707,072707.1k $5.6m $5.6m 0.05% Added +491.2k +491,151
44 Empowered Funds, LLC 0.28% of their portfolio NEWTOWN SQUARE, PA 599,024599.0k $4.8m $4.8m 0.28% New
45 CAPITAL FUND MANAGEMENT S.A. 0.09% of their portfolio PARIS, I0 560,023560.0k $4.5m $4.5m 0.09% Reduced -156.1k -156,100
46 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 531,308531.3k $4.2m $4.2m 0.01% Added +263.5k +263,490
47 Legal & General Group Plc 0.00% of their portfolio London, X0 480,427480.4k $3.8m $3.8m 0.00% Added +324.2k +324,170
48 Smith, Graham & Co., Investment Advisors, LP 0.45% of their portfolio Houston, TX 464,224464.2k $3.7m $3.7m 0.45% New
49 Hillsdale Investment Management Inc. 0.30% of their portfolio Toronto, A6 436,500436.5k $3.5m $3.5m 0.30% Reduced -69.8k -69,800
50 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 434,256434.3k $3.5m $3.5m 0.00% New
51 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 429,716429.7k $3.4m $3.4m 0.00% Reduced -19.3k -19,261
52 AXA S.A. 0.01% of their portfolio PARIS, I0 425,200425.2k $3.4m $3.4m 0.01% New
53 Roumell Asset Management, LLC 7.65% of their portfolio CHEVY CHASE, MD 425,000425.0k $3.4m $3.4m 7.65% New
54 Swiss National Bank 0.00% of their portfolio ZURICH, V8 423,933423.9k $3.4m $3.4m 0.00% Reduced -47.7k -47,700
55 JUPITER ASSET MANAGEMENT LTD 0.04% of their portfolio London, X0 364,015364.0k $2.9m $2.9m 0.04% New
56 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 363,183363.2k $2.9m $2.9m 0.01% Reduced -44.6k -44,566
57 McGowan Group Asset Management, Inc. 0.45% of their portfolio DALLAS, TX 354,490354.5k $2.8m $2.8m 0.45% Reduced -7.3k -7,343
58 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 354,069354.1k $2.8m $2.8m 0.01% Reduced -1.2m -1,187,387
59 NEXT CENTURY GROWTH INVESTORS LLC 0.31% of their portfolio PLYMOUTH, MN 353,161353.2k $2.8m $2.8m 0.31% Reduced -8.6k -8,582
60 CastleKnight Management LP 0.70% of their portfolio New York, NY 345,707345.7k $2.7m $2.7m 0.70% Added +32.3k +32,307
61 LSV ASSET MANAGEMENT 0.01% of their portfolio CHICAGO, IL 337,600337.6k $2.7m $2.7m 0.01% Added +86.7k +86,662
62 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio Boston, MA 300,000300.0k $2.4m $2.4m 0.01% Reduced -60.0k -60,000
63 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 280,690280.7k $2.2m $2.2m 0.02% New
64 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 278,962279.0k $2.2m $2.2m 0.00% Reduced -12.0k -12,000
65 GAGNON SECURITIES LLC 0.47% of their portfolio New York, NY 278,948278.9k $2.2m $2.2m 0.47% Added +19.9k +19,894
66 State of New Jersey Common Pension Fund D 0.01% of their portfolio TRENTON, NJ 260,258260.3k $2.1m $2.1m 0.01% Added +22.6k +22,610
67 First Eagle Investment Management, LLC 0.01% of their portfolio NEW YORK, NY 254,898254.9k $2.0m $2.0m 0.01% Added +237.5k +237,500
68 Elm Ridge Management, LLC 2.08% of their portfolio BRIARCLIFF MANOR, NY 251,087251.1k $2.0m $2.0m 2.08% Reduced -46.3k -46,273
69 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 245,753245.8k $2.0m $2.0m 0.00% Added +172.4k +172,372
70 INVESCO SENIOR SECURED MANAGEMENT INC /ADV 2.83% of their portfolio NEW YORK, NY 245,255245.3k $1.9m $1.9m 2.83% Reduced -245.3k -245,255
71 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 241,148241.1k $1.9m $1.9m 0.00% Added +4.5k +4,540
72 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 237,911237.9k $1.9m $1.9m 0.00% Reduced -2.2k -2,152
73 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 230,658230.7k $1.8m $1.8m 0.00% Reduced -125.3k -125,276
74 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 230,400230.4k $1.8m $1.8m 0.00% Added +148.2k +148,200
75 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 222,680222.7k $1.8m $1.8m 0.00% Added +14.6k +14,580
76 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 215,976216.0k $1.7m $1.7m 0.00% Added +158.2k +158,160
77 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 206,849206.8k $1.6m $1.6m 0.00% Added +34.1k +34,096
78 ARCADIA INVESTMENT MANAGEMENT CORP/MI 0.35% of their portfolio KALAMAZOO, MI 203,357203.4k $1.6m $1.6m 0.35% Added +201.4k +201,405
79 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 197,559197.6k $1.6m $1.6m 0.00% Added +132.2k +132,181
80 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 170,297170.3k $1.4m $1.4m 0.00% Reduced -833.4k -833,387
81 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 168,983169.0k $1.3m $1.3m 0.01% New
82 Hartree Partners, LP 0.86% of their portfolio NEW YORK, NY 165,000165.0k $1.3m $1.3m 0.86% Reduced -165.0k -165,000
83 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 164,118164.1k $1.3m $1.3m 0.00% Reduced -8.1k -8,103
84 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 163,088163.1k $1.3m $1.3m 0.00% Added +34.9k +34,878
85 RENAISSANCE GROUP LLC 0.06% of their portfolio Covington, KY 161,270161.3k $1.3m $1.3m 0.06% Added +12.9k +12,920
86 TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio AUSTIN, TX 143,655143.7k $1.1m $1.1m 0.01% New
87 Pearl River Capital, LLC 0.18% of their portfolio Niles, MI 143,597143.6k $1.1m $1.1m 0.18% Reduced -3.9k -3,906
88 Gotham Asset Management, LLC 0.03% of their portfolio NEW YORK, NY 139,015139.0k $1.1m $1.1m 0.03% Added +48.5k +48,494
89 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 136,903136.9k $1.1m $1.1m 0.00% Added +103.1k +103,122
90 Beck Bode, LLC 0.26% of their portfolio DEDHAM, MA 132,115132.1k $1.1m $1.1m 0.26% Added +4.5k +4,451
91 Holocene Advisors, LP 0.01% of their portfolio New York, NY 129,376129.4k $1.0m $1.0m 0.01% New
92 Greenland Capital Management LP 0.12% of their portfolio NEW YORK, NY 128,464128.5k $1.0m $1.0m 0.12% New
93 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 128,346128.3k $1.0m $1.0m 0.00% Reduced -568.7k -568,743
94 PURSUE WEALTH PARTNERS LLC 0.66% of their portfolio ALAMO, CA 121,900121.9k $969.1k $969.1k 0.66% Unchanged
95 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 119,942119.9k $953.5k $953.5k 0.01% New
96 ClariVest Asset Management LLC 0.04% of their portfolio SAN DIEGO, CA 116,298116.3k $925.0k $925.0k 0.04% Added +15.0k +15,026
97 VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio RICHMOND, VA 115,300115.3k $916.6k $916.6k 0.01% Added +23.9k +23,900
98 State of Alaska, Department of Revenue 0.01% of their portfolio JUNEAU, AK 109,288109.3k $868.0k $868.0k 0.01% New
99 State of Tennessee, Department of Treasury 0.00% of their portfolio NASHVILLE, TN 104,745104.7k $832.7k $832.7k 0.00% New
100 ALGERT GLOBAL LLC 0.04% of their portfolio SAN FRANCISCO, CA 100,361100.4k $797.9k $797.9k 0.04% Reduced -238.7k -238,654