NABORS INDUSTRIES LTD NBR
SHS · Common Stock · CUSIP G6359F137 · ISIN BMG6359F1370
- SectorEnergy
- IndustryDrilling Oil & Gas Wells
- 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 ($267.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.98. Options: 9 managers hold calls ($12.9m notional), 15 hold puts ($38.8m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 176 |
| Q4 2022 | 214 |
| Q1 2023 | 209 |
| Q2 2023 | 204 |
| Q3 2023 | 197 |
| Q4 2023 | 195 |
| Q1 2024 | 190 |
| Q2 2024 | 176 |
| Q3 2024 | 187 |
| Q4 2024 | 171 |
| Q1 2025 | 181 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 109 | 89 |
| Q3 2023 | 87 | 103 |
| Q4 2023 | 88 | 111 |
| Q1 2024 | 89 | 93 |
| Q2 2024 | 83 | 92 |
| Q3 2024 | 90 | 80 |
| Q4 2024 | 80 | 88 |
| Q1 2025 | 112 | 72 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $12.4m | $32.7m | 2.64 |
| Q3 2024 | $88.7m | $115.5m | 1.30 |
| Q4 2024 | $20.9m | $46.6m | 2.23 |
| Q1 2025 | $12.9m | $38.8m | 3.00 |
Biggest buyers
| Varde Management, L.P. | New | +2.0m |
| BRIGADE CAPITAL MANAGEMENT, LP | New | +904.0k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | New | +618.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +490.0k |
| BARINGS LLC | New | +212.5k |
| MORGAN STANLEY | Added | +141.2k |
| Miller Value Partners, LLC | Added | +107.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +106.3k |
| VAN ECK ASSOCIATES CORP | Added | +106.0k |
| Apollo Management Holdings, L.P. | Added | +87.6k |
Biggest sellers
| BlackRock, Inc. | Reduced | -752.1k |
| STATE STREET CORP | Reduced | -168.3k |
| GOLDMAN SACHS GROUP INC | Reduced | -116.5k |
| Balyasny Asset Management L.P. | Reduced | -104.0k |
| Hara Capital LLC | Reduced | -93.5k |
| GENDELL JEFFREY L | Reduced | -91.5k |
| VANGUARD GROUP INC | Reduced | -90.6k |
| BARCLAYS PLC | Reduced | -89.0k |
| Invesco Ltd. | Reduced | -71.9k |
| JANE STREET GROUP, LLC | Reduced | -66.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $5.7m136.2k shares |
| Squarepoint Ops LLC | Added | $2.9m70.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.7m40.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $905.8k21.7k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $550.6k13.2k shares |
| Lombard Odier Asset Management (USA) Corp | New | $521.4k12.5k shares |
| JANE STREET GROUP, LLC | Added | $463.0k11.1k shares |
| Walleye Trading LLC | New | $104.3k2.5k shares |
| Walleye Capital LLC | Added | $62.6k1.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $12.5m299.5k shares |
| CITADEL ADVISORS LLC | Reduced | $5.5m130.9k shares |
| WOLVERINE TRADING, LLC | Added | $5.3m127.0k shares |
| Squarepoint Ops LLC | Added | $4.3m102.5k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $2.6m61.8k shares |
| JANE STREET GROUP, LLC | Added | $2.4m57.3k shares |
| D. E. Shaw & Co., Inc. | Added | $1.7m41.7k shares |
| TORNO CAPITAL, LLC | Reduced | $1.7m40.0k shares |
| IMC-Chicago, LLC | Added | $1.5m36.8k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $609.0k14.6k 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 +1.1 pts · filed 2026-07-29 | 7.7% |
Fell to 5% or below in the last year: Adage Capital Management, L.P. (4.7%, 2026-05-13), VANGUARD GROUP INC (0.0%, 2026-03-27), Oaktree Capital Holdings, LLC (0.8%, 2026-01-23), Varde Investment Partners (Offshore) Master, L.P. (0.0%, 2026-01-21), BRIGADE CAPITAL MANAGEMENT, LP (4.7%, 2025-11-14)
Insider purchases and sales in Q1 2025
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 |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $622.5k | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Varde Management, L.P. 36.06% of their portfolio | 2.0m $51.5m | New |
| BRIGADE CAPITAL MANAGEMENT, LP 46.56% of their portfolio | 904.0k $37.7m | New |
| BlackRock, Inc. 0.00% of their portfolio | 786.3k $32.8m | Reduced -752.1k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 1.14% of their portfolio | 618.1k $25.8m | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 605.5k $25.3m | Reduced -90.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio | 600.0k $25.0m | Added +490.0k |
| Apollo Management Holdings, L.P. 0.40% of their portfolio | 421.8k $17.6m | Added +87.6k |
| Miller Value Partners, LLC 7.39% of their portfolio | 388.7k $16.2m | Added +107.5k |
| MORGAN STANLEY 0.00% of their portfolio | 358.0k $14.9m | Added +141.2k |
| GENDELL JEFFREY L 0.64% of their portfolio | 354.7k $14.8m | Reduced -91.5k |
| VAN ECK ASSOCIATES CORP 0.02% of their portfolio | 308.5k $12.9m | Added +106.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 299.2k $12.5m | Added +13.4k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 291.6k $12.2m | Added +2.0k |
| STATE STREET CORP 0.00% of their portfolio | 261.7k $10.9m | Reduced -168.3k |
| BARINGS LLC 0.22% of their portfolio | 212.5k $8.9m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 212.3k $8.9m | Added +6.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 210.9k $8.8m | Added +25.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 181.7k $7.6m | Added +106.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 150.3k $6.3m | Added +37.6k |
| VR Advisory Services Ltd 1.47% of their portfolio | 134.8k $5.6m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 107.1k $4.5m | Reduced -89.0k |
| Tejara Capital Ltd 2.13% of their portfolio | 103.5k $4.3m | Reduced -16.8k |
| UBS Group AG 0.00% of their portfolio | 102.8k $4.3m | Added +20.9k |
| PDT Partners, LLC 0.27% of their portfolio | 91.8k $3.8m | Added +59.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 91.1k $3.8m | Reduced -13.4k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 84.6k $3.5m | Reduced -6.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 84.2k $3.5m | Reduced -116.5k |
| FMR LLC 0.00% of their portfolio | 83.3k $3.5m | Added +1.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 81.6k $3.4m | Added +37.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 81.3k $3.4m | Added +8.5k |
| WOLVERINE TRADING, LLC 0.10% of their portfolio | 72.8k $3.0m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 71.8k $3.0m | Added +42.7k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 71.4k $3.0m | Added +66.0k |
| NOMURA HOLDINGS INC 0.01% of their portfolio | 64.2k $2.7m | New |
| Lombard Odier Asset Management (USA) Corp 0.85% of their portfolio | 60.0k $2.5m | Added +17.0k |
| Invesco Ltd. 0.00% of their portfolio | 54.1k $2.3m | Reduced -71.9k |
| RBF Capital, LLC 0.13% of their portfolio | 48.1k $2.0m | New |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio | 46.9k $2.0m | New |
| SUSQUEHANNA ADVISORS GROUP, INC. 0.12% of their portfolio | 45.2k $1.9m | New |
| Sagefield Capital LP 0.21% of their portfolio | 41.5k $1.7m | New |
| READYSTATE ASSET MANAGEMENT LP 0.08% of their portfolio | 40.5k $1.7m | Added +17.8k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 39.9k $1.7m | Added +11.8k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 36.8k $1.5m | Added +6.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 36.1k $1.5m | Added +5.8k |
| CoreCommodity Management, LLC 0.22% of their portfolio | 32.5k $1.4m | Added +3.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.00% of their portfolio | 31.9k $1.3m | Unchanged |
| Hara Capital LLC 0.88% of their portfolio | 31.1k $1.3m | Reduced -93.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 29.4k $1.2m | Reduced -30.1k |
| Nuveen, LLC 0.00% of their portfolio | 28.1k $1.2m | First filing |
| HighTower Advisors, LLC 0.00% of their portfolio | 27.7k $1.2m | Reduced -62 |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 27.4k $1.1m | Reduced -2.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 27.3k $1.1m | Added +2.5k |
| Jump Financial, LLC 0.02% of their portfolio | 25.8k $1.1m | Added +1.5k |
| Verition Fund Management LLC 0.01% of their portfolio | 24.0k $1.0m | New |
| HRT FINANCIAL LP 0.01% of their portfolio | 24.0k $1.0m | New |
| NICOLA WEALTH MANAGEMENT LTD. 0.09% of their portfolio | 23.2k $967.7k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 22.9k $956.8k | Reduced -66.3k |
| Quantbot Technologies LP 0.03% of their portfolio | 22.5k $936.7k | New |
| OneDigital Investment Advisors LLC 0.01% of their portfolio | 22.4k $934.2k | Added +17 |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 21.8k $910.4k | Added +20.8k |
| Creative Planning 0.00% of their portfolio | 21.5k $898.1k | Added +16.8k |
| Swiss National Bank 0.00% of their portfolio | 21.5k $896.8k | Added +4.6k |
| Engineers Gate Manager LP 0.01% of their portfolio | 21.1k $878.7k | Reduced -18.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 21.1k $878.6k | Reduced -10.8k |
| Weiss Asset Management LP 0.02% of their portfolio | 18.9k $790.0k | Not comparable |
| Invst, LLC 0.10% of their portfolio | 17.3k $720.7k | New |
| Nebula Research & Development LLC 0.07% of their portfolio | 17.3k $720.3k | Added +4.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 16.8k $699.5k | Added +8.3k |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 16.1k $670.1k | Added +43 |
| Jain Global LLC 0.01% of their portfolio | 15.8k $659.2k | New |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 15.7k $655.9k | Added +7.2k |
| CITIGROUP INC 0.00% of their portfolio | 14.6k $609.0k | Added +1.5k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 11.5k $479.0k | Reduced -104.0k |
| Numerai GP LLC 0.09% of their portfolio | 11.3k $471.4k | Added +825 |
| Petrus Trust Company, LTA 0.04% of their portfolio | 11.0k $460.9k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 10.9k $454.8k | First filing |
| Legal & General Group Plc 0.00% of their portfolio | 10.8k $452.5k | Reduced -15.1k |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 10.5k $437.6k | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 10.5k $437.5k | Reduced -19.2k |
| WHITEBOX ADVISORS LLC 0.01% of their portfolio | 10.4k $434.0k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 10.4k $433.0k | Added +1.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 9.3k $389.2k | Added +870 |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 8.6k $360.8k | Unchanged |
| Inspire Investing, LLC 0.04% of their portfolio | 8.3k $345.3k | Added +1.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 8.1k $336.5k | Unchanged |
| DARK FOREST CAPITAL MANAGEMENT LP 0.02% of their portfolio | 8.0k $333.7k | New |
| QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio | 7.7k $321.5k | Added +6.4k |
| MARATHON CAPITAL MANAGEMENT 0.08% of their portfolio | 7.5k $312.8k | Added +2.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 7.4k $307.2k | Added +105 |
| Cetera Investment Advisers 0.00% of their portfolio | 7.2k $300.1k | Added +311 |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 7.0k $294.0k | New |
| TWO SIGMA SECURITIES, LLC 0.04% of their portfolio | 6.9k $285.8k | New |
| Entropy Technologies, LP 0.03% of their portfolio | 6.7k $279.2k | Reduced -8.7k |
| SG Americas Securities, LLC 0.00% of their portfolio | 6.7k $278.0k | Added +4.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.5k $272.4k | New |
| Point72 Asia (Singapore) Pte. Ltd. 0.07% of their portfolio | 6.4k $267.3k | New |
| STRS OHIO 0.00% of their portfolio | 6.2k $258.6k | Added +3.7k |
| Susquehanna Portfolio Strategies, LLC 0.11% of their portfolio | 6.2k $257.6k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 6.0k $251.8k | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 5.9k $245.0k | Reduced -143 |