HP Helmerich & Payne, Inc.
Executive Summary
8 major institutional investors reported Q3 2025 13F positions in HP, with 5 net buyers (adding $67.7M) and 2 net sellers (reducing by $12.4M). The buying was concentrated in a very large ADD from Morgan Stanley (value up $29.1M) and aggressive positions from four funds that doubled or more — Point72 (+564%), Ameriprise (+317%), RenTech and Tweedy Browne (+105%). Selling was limited: Norges Bank fully exited a $10.6M position and Fidelity trimmed $1.8M. The overall net conviction is strongly bullish with $55.3M net inflows from active/quants, and the active/quant ratio dominates this signal.
Key Financial Metrics
Institutional Positions
Net institutional flow: $55.3M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | ADD | +28.3% | $62.7M | $29.1M |
| Tweedy Browne | DOUBLED | +105.7% | $583.0K | $388.0K |
| RenTech | DOUBLED | +104.2% | $10.8M | $7.2M |
| Point72 | DOUBLED | +564.1% | $9.6M | $8.6M |
| Ameriprise Financial | DOUBLED | +316.9% | $26.9M | $22.5M |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Fidelity | TRIM | -47.1% | $8.0M | -$1.8M |
| Norges Bank | EXIT | -100% | $10.6M | -$10.6M |
Actionable Insight
This is a high-conviction cluster with active/quant-dominated buying, especially notable for tiny-fund conviction behavior (Tweedy Browne, RenTech, Point72 all doubling or more). The $55M net inflow is material for a $3.9B market cap stock, representing ~1.4% of float. The strong buying is partially offset by Norges Bank's full exit and Fidelity's trim. Given the history of strong T+20 returns on HP reports (80% win rate), monitor for follow-through buying and next-quarter 13F holdings to see if this cluster is sustained or reversed.
Key Facts
- Net directional buying: 5 buyers add $67.7M; 2 sellers dispose of $12.4M; net +$55.3M
- Morgan Stanley (mega-passive) made the largest dollar ADD, raising its stake from $33.5M to $62.7M (+28.3% shares)
- Point72 (quant) nearly 6x'd its position (65.2K → 432.7K shares, +564%)
- Ameriprise Financial (asset manager) +317%, RenTech +104%, Tweedy Browne +106%
- Norges Bank (sovereign) fully exited its $10.6M position; Fidelity (passive) trimmed -47% of its stake
- 56% of sell-side analysts rate HP as Strong Buy or Buy; the stock is in the Drilling Oil & Gas Wells sector
- HP's historical performance on prior filings has been very positive (80% win rate at T+20, avg +4.8%)
Financial Impact
8 tracked institutions changed positions by a net +$55.3M (gross buying $67.7M, gross selling $12.4M) in the September 2025 quarter
Risk Factors
- 13F data has a 45-day lag; these positions may already be partially or fully unwound
- Norges Bank's full exit of a $10.6M position is a notable contrary signal at the sovereign level
- HP is in a cyclical sector (Drilling Oil & Gas) where oil price volatility could rapidly change institutional sentiment
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-HP-2025-Q3 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
1d ago
|
Institutional Cluster
| $39.53 awaiting T+20 | awaiting T+20 | — | — |
|
May 6, 2026
5w ago
|
8-K
| $36.90 $38.44 | ▼ −4.17% | ▼ −1.04% | — |
|
Mar 4, 2026
14w ago
|
8-K
| $34.13 $34.81 | ▲ +1.99% | ▲ +5.78% | — |
US Market Status
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