Hara Capital Builds $4.9M Position in Noble Corporation, 2.7% of AUM
Hara Capital LLC acquired 173,597 Noble Corporation shares in Q4, establishing a $4.9 million position that represents 2.7% of its $179.7 million U.S. equity assets under management. The stake became its sixth-largest holding as of Dec. 31, marking Hara’s first reported investment in Noble.
1. Hara Capital Initiates Significant Noble Corporation Position
On January 15, Hara Capital LLC filed its Q4 13F report disclosing a new equity stake in Noble Corporation, acquiring 173,597 shares during the period. At the end of December, this position carried a value of $4.9 million, making Noble the firm’s sixth-largest holding by asset value. The purchase marks Hara Capital’s first investment in the global offshore drilling contractor.
2. Allocation Represents 2.7% of U.S. Equity AUM
This fresh allocation in Noble accounts for 2.7% of Hara Capital’s $179.7 million in reportable U.S. equity assets under management. The new stake contrasts with the absence of any Noble shares in the prior quarter, signaling a strategic pivot toward offshore services exposure. Following the filing, Hara’s top five holdings include PBF Energy at $16.2 million (9.0% of AUM), Valero at $8.5 million (4.7%), Nabors Industries at $6.8 million (3.8%), Vanguard Short-Term Treasury ETF at $6.2 million (3.4%), and Vanguard Intermediate-Term Treasury ETF at $5.6 million (3.1%).
3. Noble Corporation Operational and Financial Snapshot
Noble Corporation operates a diversified fleet of offshore drilling units under long-term contracts with major oil and gas producers. Over the trailing twelve months, the company generated $3.4 billion in revenue and net income of $226.7 million, while offering a dividend yield of 6.1%. Its contract backlog stood at approximately $7 billion as of Q3, supported by recently inked multi-rig agreements, and management continues to target incremental utilization gains across floaters and jackups.