This Fund Exited a $5 Million DNOW Stake Last Quarter. The Stock Has Fallen 12% This Year
2026-03-23 13:04:35 ET
On February 17, 2026, Quantedge Capital reported selling out of DNOW (NYSE:DNOW) , unloading 351,310 shares previously worth $5.36 million.
According to a Securities and Exchange Commission (SEC) filing dated February 17, 2026, Quantedge Capital reported a complete sale of its 351,310-share position in DNOW. The quarter-end position value for DNOW declined by $5.36 million as a result.
DNOW is a leading distributor of energy and industrial products, leveraging an extensive network of locations to support customers across the energy value chain. The company’s strategy centers on delivering integrated supply chain solutions and value-added services tailored to the operational needs of major industry players. Its scale, product breadth, and established customer relationships provide a competitive advantage in the oil and gas equipment and services sector.
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