PointState Capital Discloses Comstock Resources Stake

Zach Schreiber's hedge fund firm PointState Capital has filed a 13G with the SEC on shares of Comstock Resources (CRK).  Per the filing, PointState now owns 9.99% of the company with 1.49 million shares.

This is a newly disclosed equity position for the firm and the filing was made due to activity on November 8th.

Per Google Finance, Comstock Resources is "an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company's oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company's properties in the East Texas/North Louisiana region include approximately 80,660 acres in the Haynesville or Bossier shale formations. The Company's Eagleville field includes approximately 30,220 acres located in the oil window of the Eagle Ford shale in South Texas. The Company owns interests in over 1,575 producing oil and natural gas wells, and operates over 950 of these wells. The Company owns interests in over 20 wells in the Rosita field, located in Duval County, Texas."

Senator Investment Group Takes Comstock Resources Stake

Alex Klabin and Doug Silverman's hedge fund Senator Investment Group has filed a 13G with the SEC regarding shares of Comstock Resources (CRK).  Per the filing, Senator now owns 7.32% of the company with 922,754 shares (including 93,500 shares issuable upon exercise of warrants).

This is a newly disclosed equity position for the firm as they did not own any at the end of the second quarter.  The filing was made due to activity on September 13th.

For more from this fund, check out Alex Klabin on the intangibles of building a great hedge fund.

Per Google Finance, Comstock Resources is "an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company's oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company's properties in the East Texas/North Louisiana region include approximately 80,660 acres in the Haynesville or Bossier shale formations. The Company's Eagleville field includes approximately 30,220 acres located in the oil window of the Eagle Ford shale in South Texas. The Company owns interests in over 1,575 producing oil and natural gas wells, and operates over 950 of these wells. The Company owns interests in over 20 wells in the Rosita field, located in Duval County, Texas."

Citadel Boosts Comstock Resources Stake, Starts Tilly's Positiion

Ken Griffin's investment firm Citadel has filed two separate 13G's with the SEC, both regarding purchasing activity.


Comstock Resources (CRK)

First, the hedge fund firm has revealed a 5.5% ownership stake in Comstock Resources (CRK) with 2,625,646 shares.   This marks a 250% increase in their position size since the beginning of the year.  The filing was made due to portfolio activity on May 4th.

Per Google Finance, Comstock Resources is "engaged in the acquisition, development, production and exploration of oil and natural gas. The Company’s oil and gas operations are concentrated in East Texas/North Louisiana, South Texas and West Texas. The Company’s consolidated proved oil and natural gas reserve base is 85% natural gas and 15% crude oil. Its proved reserves are 46% developed on a billion cubic feet equivalent basis as of 2011."


Tilly's (TLYS)

Citadel has also initiated a brand new stake in Tilly's (TLYS).  They've revealed a 7.9% ownership stake in the company with 724,681 shares due to activity on May 4th.  The company just completed its initial public offering (IPO) and so it appears as though Citadel participated in that.

Per Google Finance, Tilly's is "a specialty retailer of West Coast apparel, footwear and accessories. The Company has brands in action sports, music, art and fashion. The Company’s stores are designed to be an extension of its teen and young adult consumers’ lifestyles with a balance of guys and juniors merchandise."

You can check out more of Citadel's portfolio activity here.