Highfields Capital Trims Silver Run Acquisition Stake

Jonathon Jacobson's hedge fund firm Highfields Capital has filed a Form 4 with the SEC regarding shares of Silver Run Acquisition Corp II (SRUN). 

Per the filing, Highfields sold over 3.24 million shares of SRUN on September 29th at a price of $10.17.  After this transaction, they were left with a position of over 8.25 million shares.

Silver Run Acquisition II is a private equity backed oil and gas play led by a former executive of Anadarko Petroleum.  Recently, in August, the company announced it was merging with Alta Mesa and Kingfisher Midstream to create a $3.8 billion company.