Balyasny Asset Management Ups Stake In NuStar Energy L.P. (NS)

Dmitry Balyasny is bullish on NuStar Energy L.P. (NYSE:NS) and has increased his holding of the stock. In a recent filing with the Securities and Exchange Commission, Balyasny Asset Management has revealed the addition of 1.64 million shares to its previous position. As a result, the fund now holds 3.95 million shares, which account for approximately 5.07% of the company’s common stock.

Dmitry Balyasny

Hedge fund guru Jim Simons is also very bullish on NuStar Energy L.P. (NYSE:NS) having increased his stake in the company by roughly 200% during the first quarter of 2014. In its latest 13F filing, Renaissance Technologies reported ownership of approximately 504,100 shares. David Kowitz and Sheldon Kasowitz, the managers of Indus Capital, are also optimistic about the prospects of the company and have boosted their stake by 30% to 650,000 shares during the first three months of this year. Richard Driehaus likes NuStar Energy L.P. (NYSE:NS) as well and has initiated a position for his fund, Driehaus Capital, during the first quarter, amassing 95,600 shares.

Disclousre: none.

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