Vault-13

NEXTIER OILFIELD SOLUTIONS FRAC

COM · Common Stock · CUSIP 65290C105

229 institutional holders -17 vs Q1 2023
210,765,546210.8m shares reported held*
$1.9bnreported value*
33 new 78 added 87 reduced 48 sold out net sold ≈ $312.0m (-34.9m 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 ($163.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.94. Options: 7 managers hold calls ($4.7m notional), 6 hold puts ($1.6m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 224Q4 22: 229Q1 23: 246Q2 23: 229229Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022224
Q4 2022229
Q1 2023246
Q2 2023229

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 23Q2 23: 111 bought or addedQ2 23: 135 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022128105
Q1 2023140105
Q2 2023111135

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 0.18Q2 23 calls: $4.7mQ2 23 puts: $1.6mQ2 23P/C 0.35
Numbers
QuarterCallsPutsP/C
Q3 2022$15.9m$7.0m0.44
Q4 2022$23.1m$1.6m0.07
Q1 2023$8.3m$1.5m0.18
Q2 2023$4.7m$1.6m0.35

Biggest buyers

Greenhouse Funds LLLP Added +1,305,437+1.3m
Pacer Advisors, Inc. Added +1,207,662+1.2m
DIMENSIONAL FUND ADVISORS LP Added +1,053,266+1.1m
Brandywine Global Investment Management, LLC New +598,751+598.8k
Holocene Advisors, LP Added +530,662+530.7k
Grantham, Mayo, Van Otterloo & Co. LLC New +496,502+496.5k
Scion Asset Management, LLC New +400,000+400.0k
CoreCommodity Management, LLC New +382,481+382.5k
MACQUARIE GROUP LTD Added +329,737+329.7k
AMERICAN CENTURY COMPANIES INC Added +301,777+301.8k

Biggest sellers

FMR LLC Reduced -19,317,661-19.3m
Boston Partners Reduced -2,557,034-2.6m
Point72 Asset Management, L.P. Sold out -1,974,707-2.0m
VANGUARD GROUP INC Reduced -1,860,798-1.9m
VAN ECK ASSOCIATES CORP Reduced -1,742,983-1.7m
CITADEL ADVISORS LLC Reduced -1,150,009-1.2m
PRINCIPAL FINANCIAL GROUP INC Reduced -1,064,908-1.1m
AQR CAPITAL MANAGEMENT LLC Reduced -974,309-974.3k
RENAISSANCE TECHNOLOGIES LLC Reduced -956,738-956.7k
TWO SIGMA ADVISERS, LP Reduced -928,743-928.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.6m183.5k shares
CITADEL ADVISORS LLC Added $1.2m137.3k shares
PEAK6 Investments LLC Added $616.0k68.9k shares
GROUP ONE TRADING LLC Added $531.0k59.4k shares
SIMPLEX TRADING, LLC Reduced $354.0k39.7k shares
JANE STREET GROUP, LLC Reduced $285.2k31.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.4m158.2k shares
CITADEL ADVISORS LLC Added $73.3k8.2k shares
SIMPLEX TRADING, LLC Added $60.0k6.8k shares
PEAK6 Investments LLC Added $59.9k6.7k shares
GROUP ONE TRADING LLC Reduced $894100 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Cerberus Capital Management, L.P. 5.80% of their portfolio NEW YORK, NY 27,418,81627.4m $245.1m $245.1m 5.80% Unchanged
2 BlackRock Inc. 0.01% of their portfolio New York, NY 26,499,75126.5m $236.9m $236.9m 0.01% Added +259.6k +259,567
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 21,215,08221.2m $189.7m $189.7m 0.00% Reduced -1.9m -1,860,798
4 FMR LLC 0.01% of their portfolio BOSTON, MA 15,582,11315.6m $139.3m $139.3m 0.01% Reduced -19.3m -19,317,661
5 T. Rowe Price Investment Management, Inc. 0.06% of their portfolio BALTIMORE, MD 9,110,7159.1m $81.5m $81.5m 0.06% Reduced -641.3k -641,261
6 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 8,770,2348.8m $78.4m $78.4m 0.02% Added +1.1m +1,053,266
7 MACQUARIE GROUP LTD 0.08% of their portfolio Sydney, NSW 2000, C3 7,940,3597.9m $71.0m $71.0m 0.08% Added +329.7k +329,737
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 7,579,2547.6m $67.8m $67.8m 0.00% Reduced -770.4k -770,382
9 PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio DES MOINES, IA 6,563,6576.6m $58.7m $58.7m 0.04% Reduced -1.1m -1,064,908
10 Greenhouse Funds LLLP 4.01% of their portfolio BALTIMORE, MD 5,511,5125.5m $49.3m $49.3m 4.01% Added +1.3m +1,305,437
11 CITADEL ADVISORS LLC 0.05% of their portfolio MIAMI, FL 5,047,7845.0m $45.1m $45.1m 0.05% Reduced -1.2m -1,150,009
12 VAN ECK ASSOCIATES CORP 0.09% of their portfolio NEW YORK, NY 4,616,1864.6m $41.3m $41.3m 0.09% Reduced -1.7m -1,742,983
13 Fisher Asset Management, LLC 0.02% of their portfolio PLANO, TX 3,999,8844.0m $35.8m $35.8m 0.02% Added +135.7k +135,707
14 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 3,854,8023.9m $34.5m $34.5m 0.01% Reduced -77.6k -77,595
15 Pacer Advisors, Inc. 0.12% of their portfolio Malvern, PA 3,459,1223.5m $30.9m $30.9m 0.12% Added +1.2m +1,207,662
16 Aristotle Capital Boston, LLC 0.93% of their portfolio BOSTON, MA 3,456,9303.5m $30.9m $30.9m 0.93% Added +85.6k +85,645
17 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 3,375,6193.4m $30.2m $30.2m 0.00% Added +265.5k +265,462
18 WESTFIELD CAPITAL MANAGEMENT CO LP 0.19% of their portfolio BOSTON, MA 3,339,1743.3m $29.9m $29.9m 0.19% Added +292.7k +292,660
19 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 3,218,7203.2m $28.8m $28.8m 0.01% Reduced -864.0k -864,017
20 Boston Partners 0.03% of their portfolio BOSTON, MA 2,563,9562.6m $23.9m $23.9m 0.03% Reduced -2.6m -2,557,034
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 2,170,3912.2m $19.4m $19.4m 0.01% Added +49.4k +49,392
22 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 2,080,9082.1m $18.6m $18.6m 0.01% Added +301.8k +301,777
23 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 2,056,5222.1m $18.4m $18.4m 0.00% Added +192.2k +192,216
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,646,7891.6m $14.7m $14.7m 0.00% Reduced -879.4k -879,386
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,613,1451.6m $14.4m $14.4m 0.00% Added +277.6k +277,578
26 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,531,0871.5m $13.7m $13.7m 0.00% Reduced -241.1k -241,122
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,214,5011.2m $10.9m $10.9m 0.00% Reduced -163.2k -163,211
28 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 906,056906.1k $8.1m $8.1m 0.01% Added +18.4k +18,423
29 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.03% of their portfolio Los Angeles, CA 814,980815.0k $7.3m $7.3m 0.03% Added +80.0k +80,040
30 VIKING FUND MANAGEMENT LLC 1.25% of their portfolio MINOT, ND 740,000740.0k $6.6m $6.6m 1.25% Reduced -40.0k -40,000
31 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 704,523704.5k $6.3m $6.3m 0.00% Reduced -167.3k -167,334
32 Skylands Capital, LLC 0.87% of their portfolio Milwaukee, WI 675,100675.1k $6.0m $6.0m 0.87% Reduced -88.0k -88,040
33 Holocene Advisors, LP 0.03% of their portfolio New York, NY 660,038660.0k $5.9m $5.9m 0.03% Added +530.7k +530,662
34 Roumell Asset Management, LLC 11.55% of their portfolio CHEVY CHASE, MD 657,581657.6k $5.9m $5.9m 11.55% Added +232.6k +232,581
35 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 629,416629.4k $5.6m $5.6m 0.00% Reduced -101.6k -101,587
36 Brandywine Global Investment Management, LLC 0.04% of their portfolio PHILADELPHIA, PA 598,751598.8k $5.4m $5.4m 0.04% New
37 Sagefield Capital LP 1.13% of their portfolio DALLAS, TX 593,205593.2k $5.3m $5.3m 1.13% Reduced -243.2k -243,243
38 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 583,203583.2k $5.2m $5.2m 0.01% Added +51.9k +51,895
39 Smith, Graham & Co., Investment Advisors, LP 0.60% of their portfolio Houston, TX 556,816556.8k $5.0m $5.0m 0.60% Added +92.6k +92,592
40 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 522,033522.0k $4.7m $4.7m 0.01% Reduced -196.5k -196,533
41 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 517,311517.3k $4.6m $4.6m 0.01% Added +83.1k +83,055
42 Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio Boston, MA 496,502496.5k $4.4m $4.4m 0.02% New
43 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 490,228490.2k $4.4m $4.4m 0.00% Reduced -364.4k -364,408
44 Legal & General Group Plc 0.00% of their portfolio London, X0 467,172467.2k $4.2m $4.2m 0.00% Reduced -13.3k -13,255
45 SIR Capital Management, L.P. 0.45% of their portfolio NEW YORK, NY 457,610457.6k $4.1m $4.1m 0.45% Reduced -925.3k -925,307
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 423,666423.7k $3.8m $3.8m 0.00% Added +177.9k +177,913
47 Swiss National Bank 0.00% of their portfolio ZURICH, V8 407,033407.0k $3.6m $3.6m 0.00% Reduced -16.9k -16,900
48 Scion Asset Management, LLC 3.21% of their portfolio Saratoga, CA 400,000400.0k $3.6m $3.6m 3.21% New
49 CoreCommodity Management, LLC 1.01% of their portfolio STAMFORD, CT 382,481382.5k $3.4m $3.4m 1.01% New
50 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 353,222353.2k $3.2m $3.2m 0.01% Reduced -10.0k -9,961
51 CastleKnight Management LP 0.63% of their portfolio New York, NY 345,707345.7k $3.1m $3.1m 0.63% Unchanged
52 McGowan Group Asset Management, Inc. 0.48% of their portfolio DALLAS, TX 342,445342.4k $3.1m $3.1m 0.48% Reduced -12.0k -12,045
53 First Eagle Investment Management, LLC 0.01% of their portfolio NEW YORK, NY 305,610305.6k $2.7m $2.7m 0.01% Added +50.7k +50,712
54 TD Asset Management Inc 0.00% of their portfolio Toronto, A6 301,962302.0k $2.7m $2.7m 0.00% Added +23.0k +23,000
55 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 297,351297.4k $2.7m $2.7m 0.00% Reduced -132.4k -132,365
56 LSV ASSET MANAGEMENT 0.01% of their portfolio CHICAGO, IL 292,100292.1k $2.6m $2.6m 0.01% Reduced -45.5k -45,500
57 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio Boston, MA 280,000280.0k $2.5m $2.5m 0.01% Reduced -20.0k -20,000
58 Encompass Capital Advisors LLC 0.15% of their portfolio New York, NY 277,942277.9k $2.5m $2.5m 0.15% New
59 GAGNON SECURITIES LLC 0.51% of their portfolio New York, NY 275,031275.0k $2.5m $2.5m 0.51% Reduced -3.9k -3,917
60 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 265,936265.9k $2.4m $2.4m 0.02% Reduced -14.8k -14,754
61 INVESCO SENIOR SECURED MANAGEMENT INC /ADV 2.01% of their portfolio NEW YORK, NY 245,255245.3k $2.2m $2.2m 2.01% Unchanged
62 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% Unchanged
63 ARCADIA INVESTMENT MANAGEMENT CORP/MI 0.43% of their portfolio KALAMAZOO, MI 238,750238.8k $2.1m $2.1m 0.43% Added +35.4k +35,393
64 OMERS ADMINISTRATION Corp 0.03% of their portfolio TORONTO, A6 237,900237.9k $2.1m $2.1m 0.03% New
65 NEXT CENTURY GROWTH INVESTORS LLC 0.20% of their portfolio PLYMOUTH, MN 231,279231.3k $2.1m $2.1m 0.20% Reduced -121.9k -121,882
66 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 229,256229.3k $2.0m $2.0m 0.00% Reduced -8.7k -8,655
67 AXA S.A. 0.01% of their portfolio PARIS, I0 226,300226.3k $2.0m $2.0m 0.01% Reduced -198.9k -198,900
68 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 222,181222.2k $2.0m $2.0m 0.00% Reduced -8.5k -8,477
69 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 208,039208.0k $1.9m $1.9m 0.00% Added +165.3k +165,251
70 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 200,636200.6k $1.8m $1.8m 0.00% Reduced -22.0k -22,044
71 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 197,449197.4k $1.8m $1.8m 0.00% Reduced -110 -110
72 UBS Group AG 0.00% of their portfolio ZURICH, V8 186,217186.2k $1.7m $1.7m 0.00% Added +173.9k +173,878
73 RENAISSANCE GROUP LLC 0.07% of their portfolio Covington, KY 170,548170.5k $1.5m $1.5m 0.07% Added +9.3k +9,278
74 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 169,354169.4k $1.5m $1.5m 0.01% Added +371 +371
75 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 160,696160.7k $1.4m $1.4m 0.00% Reduced -3.4k -3,422
76 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.02% of their portfolio Stamford, CT 150,445150.4k $1.3m $1.3m 0.02% Added +91.2k +91,186
77 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 144,940144.9k $1.3m $1.3m 0.00% Reduced -61.9k -61,909
78 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 143,983144.0k $1.3m $1.3m 0.00% Reduced -928.7k -928,743
79 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 143,324143.3k $1.3m $1.3m 0.00% Reduced -72.7k -72,652
80 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 133,250133.2k $1.2m $1.2m 0.00% Reduced -974.3k -974,309
81 TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio AUSTIN, TX 131,917131.9k $1.2m $1.2m 0.01% Reduced -11.7k -11,738
82 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 125,900125.9k $1.1m $1.1m 0.00% Reduced -11.0k -11,003
83 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 123,868123.9k $1.1m $1.1m 0.00% Reduced -956.7k -956,738
84 PURSUE WEALTH PARTNERS LLC 0.68% of their portfolio ALAMO, CA 121,900121.9k $1.1m $1.1m 0.68% Unchanged
85 Beck Bode, LLC 0.26% of their portfolio DEDHAM, MA 121,740121.7k $1.1m $1.1m 0.26% Reduced -10.4k -10,375
86 State of Tennessee, Department of Treasury 0.00% of their portfolio NASHVILLE, TN 119,044119.0k $1.1m $1.1m 0.00% Added +14.3k +14,299
87 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 114,068114.1k $1.0m $1.0m 0.00% Added +24.0k +23,963
88 VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio RICHMOND, VA 113,700113.7k $1.0m $1.0m 0.01% Reduced -1.6k -1,600
89 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 105,023105.0k $938.9k $938.9k 0.00% Added +12.7k +12,749
90 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 103,913103.9k $929.0k $929.0k 0.01% Reduced -16.0k -16,029
91 Ergoteles LLC 0.04% of their portfolio NEW YORK, NY 102,722102.7k $918.3k $918.3k 0.04% New
92 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 102,661102.7k $917.8k $917.8k 0.01% Added +10.9k +10,876
93 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 102,296102.3k $914.5k $914.5k 0.00% Added +39.8k +39,767
94 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 102,028102.0k $912.1k $912.1k 0.01% Added +7.1k +7,149
95 State of Alaska, Department of Revenue 0.01% of their portfolio JUNEAU, AK 98,57998.6k $881.0k $881.0k 0.01% Reduced -10.7k -10,709
96 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 95,61795.6k $854.8k $854.8k 0.00% Added +83.9k +83,947
97 ClariVest Asset Management LLC 0.04% of their portfolio SAN DIEGO, CA 91,94691.9k $822.0k $822.0k 0.04% Reduced -24.4k -24,352
98 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 88,09488.1k $787.6k $787.6k 0.00% Added +12.0k +11,997
99 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio ALBANY, NY 84,74084.7k $758.0k $758.0k 0.00% Added +29.5k +29,540
100 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 83,30083.3k $744.0k $744.0k 0.00% Reduced -147.1k -147,100