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Advance Auto Parts
AAP

502 hedge funds and large institutions have $10.9B invested in Advance Auto Parts in 2019 Q4 according to their latest regulatory filings, with 88 funds opening new positions, 138 increasing their positions, 192 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

126% more first-time investments, than exits

New positions opened: 88 | Existing positions closed: 39

46% more call options, than puts

Call options by funds: $182M | Put options by funds: $124M

8% more funds holding

Funds holding: 463 → 502 (+39)

3.69% less ownership

Funds ownership: 102.29% → 98.6% (-3.7%)

8% less funds holding in top 10

Funds holding in top 10: 13 → 12 (-1)

9% less capital invested

Capital invested by funds: $12.1B → $10.9B (-$1.14B)

28% less repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 192

Holders
502
Holders Change
+39
Holders Change %
+8.42%
% of All Funds
9.89%
Holding in Top 10
12
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.69%
% of All Funds
0.24%
New
88
Increased
138
Reduced
192
Closed
39
Calls
$182M
Puts
$124M
Net Calls
+$57.5M
Net Calls Change
-$41.6M

Top Buyers

1
MCM
Melvin Capital Management
New York
+$117M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$111M
3
Bank of America
Bank of America
North Carolina
+$62.5M
4
William Blair Investment Management
William Blair Investment Management
Illinois
+$59.3M
5
DZ Bank
DZ Bank
Germany
+$52.3M

Top Sellers

1
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
-$481M
2
JP Morgan Chase
JP Morgan Chase
New York
-$354M
3
SIM
SRS Investment Management
New York
-$78.1M
4
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$68.8M
5
American Century Companies
American Century Companies
Missouri
-$52.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
SI
26
Scharf Investments
California
$106M -$1.6M -10,007 -1%
Fidelity International
27
Fidelity International
Bermuda
$103M +$1.21M +7,537 +1%
AllianceBernstein
28
AllianceBernstein
Tennessee
$95.5M +$32.5M +202,568 +51%
Legal & General Group
29
Legal & General Group
United Kingdom
$90.1M -$3.6M -22,458 -4%
Manulife (Manufacturers Life Insurance)
30
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$84.8M -$10.4M -65,167 -11%
Charles Schwab
31
Charles Schwab
California
$75.3M -$321K -2,005 -0.4%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$75.2M -$1.82M -11,373 -2%
WHG
33
Westwood Holdings Group
Texas
$69.5M -$4.6M -28,736 -6%
UBS AM
34
UBS AM
Illinois
$65.1M -$1.96M -12,223 -3%
Schroder Investment Management Group
35
Schroder Investment Management Group
United Kingdom
$64.5M -$41.3M -257,705 -39%
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$63M +$26.8M +167,307 +74%
PAM
37
Panagora Asset Management
Massachusetts
$62.3M -$20.8M -129,783 -25%
Morgan Stanley
38
Morgan Stanley
New York
$59.7M +$22.6M +140,736 +61%
D.E. Shaw & Co
39
D.E. Shaw & Co
New York
$56.1M -$44.3M -276,192 -44%
Jennison Associates
40
Jennison Associates
New York
$53M +$20.5M +128,053 +63%
Goldman Sachs
41
Goldman Sachs
New York
$52.9M -$26.5M -165,203 -33%
TCM
42
Tensile Capital Management
California
$52.5M +$3.2M +20,000 +6%
N
43
Nuveen
North Carolina
$51.9M -$2.43M -15,153 -4%
Korea Investment Corp
44
Korea Investment Corp
South Korea
$51M +$3.59M +22,400 +8%
Diamond Hill Capital Management
45
Diamond Hill Capital Management
Ohio
$50.2M -$17.9M -111,946 -26%
FCM
46
Frontier Capital Management
Massachusetts
$48.1M +$8.81M +54,973 +22%
PFC
47
Poplar Forest Capital
California
$46.2M -$2.29M -14,266 -5%
Sumitomo Mitsui Trust Group
48
Sumitomo Mitsui Trust Group
Japan
$45.8M -$758K -4,732 -2%
UBS Group
49
UBS Group
Switzerland
$45.2M -$27.2M -169,513 -38%
AGA
50
Altrinsic Global Advisors
Connecticut
$43.8M +$8.62M +53,816 +24%
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AAP Hedge Fund Activity: Q4 2019 in Review

502 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Advance Auto Parts (AAP) for Q4 2019, worth a combined $10.9B — down 9.4% from $12.1B a quarter earlier.

Buyers outnumbered sellers: 88 funds opened new AAP positions and 39 closed out — a net gain of 49 holders — while 138 added to existing stakes and 192 trimmed.

The largest buyer was Melvin Capital Management, adding an estimated $117M. The largest seller was Barrow, Hanley, Mewhinney & Strauss, cutting an estimated $481M.

  • 502 institutional investors held Advance Auto Parts (AAP) as of Q4 2019, up from 463 in Q3 2019.
  • Funds reported $10.9B of Advance Auto Parts stock for Q4 2019, down 9.4% quarter-over-quarter.
  • 88 funds opened new Advance Auto Parts positions in Q4 2019 and 39 closed out, a net change of +49 holders.
  • The largest Advance Auto Parts buyer in Q4 2019 was Melvin Capital Management, an estimated $117M added.
  • The largest Advance Auto Parts seller in Q4 2019 was Barrow, Hanley, Mewhinney & Strauss, an estimated $481M sold.

Based on aggregated 13F filings for Q4 2019.