- Weatherford International Plc (NYSE:WFT)
Investors with Long Positions (as of June 30): 37
Aggregate Value of Investors’ Holdings (as of June 30): $840.96 Million
Professional money managers were drawn away from the $4.21 billion company during the April-to-June quarter, as the hedge funds in our database which were invested in the company dwindled from 40, with the value of their collective holdings falling from $941.54 million at the end of March. William B. Gray‘s Orbis Investment Management is the largest stockholder of Weatherford International Plc (NYSE:WFT) among these, and it trimmed its stake by 10% during the second trimester to 26.55 million shares valued at $325.76 million. Weatherford International Plc (NYSE:WFT)’s stock price has risen sharply over the last month, by more than 10%, getting a boost from the recent drawdown in oil inventories in the U.S.
