Quantedge Capital Exits DNOW Stake, Selling 351,310 Shares Worth $5.36 Million

Quantedge Capital sold its entire 351,310-share stake in DNOW, worth $5.36 million, in the fourth quarter. The move marked a full exit from DNOW, which previously accounted for 2.9% of the fund's AUM. DNOW's stock has fallen 12% this year and is currently priced at $11.79. The company offers a broad portfolio of energy and industrial products and generates revenue primarily through the distribution of maintenance, repair, and operating supplies.