Did Williams Partners L.P. (WPZ), Continental Resources, Inc. (CLR), and More Live Up to the Hype?

Columbus Hill Capital Management dropped its stake in Pioneer Natural Resources (NYSE:PXD) by 61% in the third quarter. Heading into the last quarter of 2016, Columbus Hill had 136,000 shares of the company with a total worth of over $25.25 million. Pioneer Natural’s stock delivered 22.8% gains in the third quarter. At the end of the second quarter, a total of 74 of the hedge funds tracked by Insider Monkey held long positions in this stock, a 21% jump from the previous quarter. More specifically, SPO Advisory Corp was the largest shareholder of Pioneer Natural Resources (NYSE:PXD), with a stake worth $919.2 million. Trailing SPO Advisory Corp was Citadel Investment Group, which amassed a stake valued at $263.9 million. Millennium Management, Viking Global, and Lone Pine Capital were also long the stock.


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Columbus Hill added 38,500 Yandex NV (NASDAQ:YNDX) shares to its portfolio in the second quarter, ending the period with over 1.92 million shares of the company, whose value stood at over $40.45 million. However, the stock disappointed the fund, with a loss of 3.7% during the following quarter. The fund took the opportunity to hike its stake by 2% in the third quarter. When looking at the institutional investors followed by Insider Monkey, Dmitry Balyasny’s Balyasny Asset Management has the largest position in Yandex NV (NASDAQ:YNDX), worth close to $71.1 million. The second largest stake is held by Rob Citrone of Discovery Capital Management, with a $65.1 million position. Remaining hedge funds and institutional investors that hold long positions include Kerr Neilson’s Platinum Asset Management, William B. Gray’s Orbis Investment Management.

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