Advance Auto Parts
490 hedge funds and large institutions have $11.4B invested in Advance Auto Parts in 2017 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 184 increasing their positions, 175 reducing their positions, and 80 closing their positions.
210% more call options, than puts
Call options by funds: $266M | Put options by funds: $85.7M
2.55% more ownership
Funds ownership: 101.51% → 104.06% (+2.6%)
5% more repeat investments, than reductions
Existing positions increased: 184 | Existing positions reduced: 175
6% less funds holding
Funds holding: 520 → 490 (-30)
10% less capital invested
Capital invested by funds: $12.7B → $11.4B (-$1.25B)
23% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 80
33% less funds holding in top 10
Funds holding in top 10: 27 → 18 (-9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$673M |
| 2 |
Lazard Asset Management
New York
|
+$190M |
| 3 |
MCM
Melvin Capital Management
New York
|
+$131M |
| 4 |
SCP
Soroban Capital Partners
New York
|
+$113M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$85.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$131M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$109M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$78.8M |
| 4 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
-$72.4M |
| 5 |
KCM
Kensico Capital Management
Greenwich,
Connecticut
|
-$67.7M |
AAP Hedge Fund Activity: Q1 2017 in Review
490 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Advance Auto Parts (AAP) for Q1 2017, worth a combined $11.4B — down 9.9% from $12.7B a quarter earlier.
Sellers outnumbered buyers: 80 funds closed out of AAP and 62 opened new positions — a net loss of 18 holders — while 175 trimmed existing stakes and 184 added.
The largest buyer was BlackRock, adding an estimated $673M. The largest seller was Balyasny Asset Management, cutting an estimated $131M.
- 490 institutional investors held Advance Auto Parts (AAP) as of Q1 2017, down from 520 in Q4 2016.
- Funds reported $11.4B of Advance Auto Parts stock for Q1 2017, down 9.9% quarter-over-quarter.
- 62 funds opened new Advance Auto Parts positions in Q1 2017 and 80 closed out, a net change of -18 holders.
- The largest Advance Auto Parts buyer in Q1 2017 was BlackRock, an estimated $673M added.
- The largest Advance Auto Parts seller in Q1 2017 was Balyasny Asset Management, an estimated $131M sold.
Based on aggregated 13F filings for Q1 2017.