Southeastern Asset Management takes a big cut in the position of CNX Resources (CNX) – 24/7 Wall St.

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Fintel reports that Southeastern Asset Management has filed a Form 13G/A with the SEC disclosing ownership of 11,902,706 shares of CNX Resources Corp (CNX). This represents 6.6% of the company.

In their previous filing dated February 14, 2022, they declared 27,462,211 shares and 13.00% of the company, a decrease in shares of 56.66% and a decrease in total ownership of 6.40% (calculated as current – previous ownership percentage).

What are the other big shareholders doing?

BlackRock Inc. holds 23,425,699 shares representing 12.98% ownership of the company. In its previous filing, the company said it held 23,912,164 shares, representing a decrease of 2.08%. The company reduced its portfolio allocation in CNX by 7.33% in the last quarter.

Vanguard Group Inc holds 16,689,948 shares representing 9.25% ownership of the company. In its previous filing, the company said it held 17,912,590 shares, representing a decrease of 7.33%. The company reduced its portfolio allocation in CNX by 12.04% in the last quarter.

Dimensional Fund Advisors Lp holds 14,983,964 shares representing 8.30% ownership of the company. In its previous filing, the company said it held 14,927,771 shares, representing a raise by 0.38%. The company reduced its portfolio allocation in CNX by 7.15% in the last quarter.

State Street Corp holds 10,902,442 shares representing 6.04% ownership of the company. In its previous filing, the company said it held 13,033,827 shares, representing a decrease of 19.55%. The company reduced its portfolio allocation in CNX by 19.48% in the last quarter.

What is the general institutional feeling?

There are 707 funds or institutions reporting positions in CNX Resources Corp. This is an increase of 37 owner(s) or 5.52%.

Average portfolio weight of all funds dedicated to CNX Resources Corp is 0.2208%, down 14.7067%. The total number of shares held by institutions has decreased over the past three months by 4.08% to 221,061,333 shares.

This article was originally published on Fintel

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