Nabors Industries

NBR • NYSE

Nabors Industries is a oil & gas drilling company in the energy sector on NYSE, led by Anthony G. Petrello, with a market cap of $795.5M. As of Q3 2025, 97% of shares are held by 170 institutional investors, with Varde Management, L.P. as the largest holder at 11.79%.

President and Chief Executive OfficerAnthony G. Petrello

Market Cap$795.5M

Oil & Gas Drilling

Energy

Employees12.0K

Websitenabors.com

Country

United States of America

Overview

Overview of institutional ownership in NBR as of Q3 2025 with a market cap of $595.7M

All Institutions

Institutions: 170
Value Held: $580.1M
Shares Held: 14.5M
Avg Position: $3.4M
Median Position: $303.4K

Hedge Funds

Hedge Funds: 27
Value Held: $177.0M
Shares Held: 4.6M
Avg Position: $6.6M
Median Position: $735.2K

Ownership Breakdown

Institutional (non-HF)

67.66%

$403.0M

Hedge Funds

29.72%

$177.0M

Retail & Other

2.62%

$15.6M

Based on market cap of $595.7M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NBR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Varde Management, L.P. Hedge Fund•Distressed	Bradley Philip Bauer CEO	$59.8M 79.47% of portfolio	11.79% 1.7M shares	Q1 2025 Held for 8 months	$75.2M
B BlackRock, Inc. Institution	-	$48.5M 0.00% of portfolio	8.14% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$35.1M 0.00% of portfolio	5.88% 857.6K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
A ADAGE CAPITAL PARTNERS GP LLC Institution	-	$31.7M 0.05% of portfolio	5.32% 775.0K shares	Q3 2024 Held for 1y 2m	$63.0B
BRIGADE CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Raymond (Nmn) Luis President	$30.2M 30.19% of portfolio	5.08% 741.0K shares	Q1 2025 Held for 8 months	$100.1M
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	Armen Ryan Panossian CEO	$30.1M 0.64% of portfolio	5.06% 737.1K shares	Q3 2025 Held for 2 months	$4.7B
LMM LLC Long Only Manager	William Herbert Miller Chairman	$27.5M 10.11% of portfolio	4.62% 673.1K shares	Q2 2017 Held for 8y 5m	$272.2M
G GENDELL JEFFREY L Institution	-	$24.3M 0.44% of portfolio	4.08% 594.7K shares	Q1 2022 Held for 3y 8m	$5.5B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$22.4M 0.00% of portfolio	3.76% 548.3K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Jason Keith Hempel CIO	$20.1M 3.36% of portfolio	3.37% 491.8K shares	Q1 2025 Held for 8 months	$597.8M

Net Capital Flow

Institutional buying and selling activity for NBR in Q3 2025

Traded: +$64.1M
Buyers: 102
Sellers: 56
Total Bought: +$120.4M
Total Sold: −$56.3M
Avg Position: $3.0M

Biggest Buyers

Institution	Net Bought	Current Position
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	+$30.1M +737.1K shares	$30.1M 737.1K shares
G GENDELL JEFFREY L Institution	+$12.3M +300.0K shares	$24.3M 594.7K shares
GOLDMAN SACHS GROUP INC Institution	+$10.9M +266.4K shares	$11.9M 290.1K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$5.3M +129.9K shares	$7.6M 185.8K shares
MORGAN STANLEY RIA/Wealth	+$4.7M +114.2K shares	$22.4M 548.3K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$4.4M +107.3K shares	$17.1M 418.7K shares
B BlackRock, Inc. Institution	+$4.4M +107.3K shares	$48.5M 1.2M shares
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$4.3M +104.2K shares	$20.1M 491.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$4.1M +100.3K shares	$4.6M 112.1K shares
Diameter Capital Partners LP Hedge Fund•Credit Arb	+$4.1M +100.0K shares	$4.1M 100.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
A Apollo Management Holdings, L.P. Institution	−$18.8M −459.6K shares	$7.8M 191.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$7.6M −269.7K shares	Sold Off 0 shares
BRIGADE CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$5.6M −137.7K shares	$30.2M 741.0K shares
VANGUARD GROUP INC Institution	−$4.3M −105.5K shares	$35.1M 857.6K shares
UBS Group AG Institution	−$2.3M −56.3K shares	$2.7M 66.9K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$2.1M −52.4K shares	$1.3M 32.2K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$1.7M −41.0K shares	$456.4K 11.2K shares
B BROOKFIELD ASSET MANAGEMENT INC. RIA/Wealth	−$1.6M −38.7K shares	$1.6M 38.7K shares
L Lombard Odier Asset Management Corp Hedge Fund•Multi-Strategy	−$1.2M −29.0K shares	$2.5M 62.0K shares
FEDERATED INVESTORS INC /PA/ Long Only Manager	−$923.9K −22.6K shares	$1.1M 26.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NBR in Q3 2025

New Positions: 8
New Value: $31.6M
Exited Positions: 21
Exited Value: $11.9M

New Positions

Institution	Position Value
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	$30.1M 737.1K shares
V Vise Technologies, Inc. Institution	$291.1K 7.1K shares
Quantinno Capital Management LP Hedge Fund•Market Neutral	$281.5K 6.9K shares
Voleon Capital Management LP Hedge Fund•Quant	$269.9K 6.6K shares
C Concentric Capital Strategies, LP Hedge Fund•Long/Short	$259.6K 6.4K shares
Outlook Wealth Advisors, LLC RIA/Wealth	$210.7K 5.2K shares
U Universal- Beteiligungs- und Servicegesellschaft mbH Institution	$206.6K 5.1K shares
B Bare Financial Services, Inc Institution	$531.0 13.0 shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$7.6M 269.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$618.8K 22.1K shares
Numerai GP LLC Hedge Fund•Quant	$549.8K 19.6K shares
Engineers Gate Manager LP Hedge Fund•Quant	$541.5K 19.3K shares
J JANE STREET GROUP, LLC Institution	$480.7K 17.2K shares
PDT Partners, LLC Hedge Fund•Quant	$355.0K 12.7K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$324.4K 11.6K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$300.8K 10.7K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$274.8K 9.8K shares
M MQS Management LLC Hedge Fund•Global Macro	$262.0K 9.3K shares

Options Activity

Institutions with the largest Call and Put options positions in NBR as of Q3 2025

Call Positions: 11
Call Value: $14.7M
Put Positions: 12
Put Value: $29.4M

Call Positions

Institution	Position Value
W WOLVERINE TRADING, LLC Institution	$4.5M 1.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.4M 1.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.9M 699.0 contracts
J JANE STREET GROUP, LLC Institution	$1.3M 315.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$788.8K 193.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$396.4K 97.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$322.9K 79.0 contracts
Walleye Trading LLC RIA/Wealth	$204.4K 50.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$8.2K 2.0 contracts
L Lombard Odier Asset Management Corp Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$14.5M 3.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.2M 783.0 contracts
D D. E. Shaw & Co., Inc. Institution	$2.0M 500.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.0M 488.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$1.8M 432.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$1.6M 383.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 349.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.2M 305.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$674.4K 165.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$502.7K 123.0 contracts

Most Committed Institutions

Institutions with NBR as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Varde Management, L.P. Hedge Fund•Distressed	Bradley Philip Bauer CEO	79.47% $59.8M	11.79% 1.7M shares	Q1 2025 Held for 8 months	$75.2M
BRIGADE CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Raymond (Nmn) Luis President	30.19% $30.2M	5.08% 741.0K shares	Q1 2025 Held for 8 months	$100.1M
LMM LLC Long Only Manager	William Herbert Miller Chairman	10.11% $27.5M	4.62% 673.1K shares	Q2 2017 Held for 8y 5m	$272.2M
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Jason Keith Hempel CIO	3.36% $20.1M	3.37% 491.8K shares	Q1 2025 Held for 8 months	$597.8M
Hara Capital LLC RIA/Wealth	Robert J Dainard CCO	3.04% $5.1M	0.86% 125.4K shares	Q4 2023 Held for 1y 11m	$168.4M
T Tejara Capital Ltd Institution	-	1.51% $2.8M	0.46% 67.3K shares	Q1 2023 Held for 2y 8m	$182.4M
VR Advisory Services Ltd Hedge Fund•Distressed	Jeffrey Michael Johnson Managing Partner	1.34% $5.5M	0.92% 134.8K shares	Q2 2024 Held for 1y 5m	$411.0M
C Corton Capital Inc. Institution	-	0.71% $289.4K	0.05% 7.1K shares	Q4 2024 Held for 11 months	$40.6M
L Lombard Odier Asset Management Corp Hedge Fund•Multi-Strategy	Raymond Mouhadeb CEO	0.67% $2.5M	0.43% 62.0K shares	Q1 2023 Held for 2y 8m	$380.2M
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	Armen Ryan Panossian CEO	0.64% $30.1M	5.06% 737.1K shares	Q3 2025 Held for 2 months	$4.7B