market folly

Dmitry Balyasny's hedge fund firm Balyasny Asset Management has filed a 13G with the SEC on NuStar Energy (NS).  Per the filing, Balyasny now owns 5.07% of the company with over 3.95 million shares.

This means their equity stake has increased by over 1.64 million shares since the end of the first quarter.  The filing was made due to activity on July 21st.

Per Google Finance, NuStar Energy is "engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia, and petroleum refining and marketing. NuStar Energy operates in three business segments: storage, transportation, and asphalt and fuels marketing. In February 2014, the Company announced that it has completed the transaction with an affiliate of Lindsay Goldberg LLC, a private investment firm, to divest all of its 50% voting interest in an asphalt joint venture that owns a refinery located in Paulsboro, New Jersey."