Institutional Investors Continue to Notch Heavy Losses on Coal Holdings

first_img FacebookTwitterLinkedInEmailPrint分享Taylor Kuykendall and Junaid Daher for SNL:Across the board, the investment market value of the coal holdings of major institutional investors was rocked by poor performance in the fourth quarter of 2015. The 25 top institutional holders of coal held positions worth about $2.30 billion as of the end of the fourth quarter 2015, down from $2.84 billion in the prior quarter and down from $7.42 billion a year-ago.Of the top 25 investors in coal that held positions in the fourth quarter of 2014, only two have seen the value of their positions grow. Citadel LLC has seen the market value of its coal positions increase 43.8% to $27.0 million spread across eight investment positions and UBS Group AG has seen its coal holdings grow 3.2% to $99.9 million across its 12 coal industry investment positions.Several of the top investors saw their coal positions shrink by more than 80%. On average, the top 25 investors in the coal sector have seen the value of those positions shrink 60.6%.At the end of the fourth quarter of 2014, the top investors held 127 positions in coal. By the end of 2015, those companies shed 26 of those positions.Since the third quarter, the value of SNL Energy’s coal index has decreased 32.8% while the S&P 500 index has climbed 3.1% in the same period.Full article ($): Equity investors shed coal exposure in 2015 while a few boost holdings Institutional Investors Continue to Notch Heavy Losses on Coal Holdings 

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