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Advance Auto Parts
AAP

412 hedge funds and large institutions have $3.2B invested in Advance Auto Parts in 2023 Q3 according to their latest regulatory filings, with 78 funds opening new positions, 129 increasing their positions, 148 reducing their positions, and 160 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

25% more call options, than puts

Call options by funds: $379M | Put options by funds: $304M

3.66% more ownership

Funds ownership: 92.02% → 95.68% (+3.7%)

13% less repeat investments, than reductions

Existing positions increased: 129 | Existing positions reduced: 148

17% less funds holding

Funds holding: 497 → 412 (-85)

17% less capital invested

Capital invested by funds: $3.87B → $3.2B (-$664M)

51% less first-time investments, than exits

New positions opened: 78 | Existing positions closed: 160

Holders
412
Holders Change
-85
Holders Change %
-17.1%
% of All Funds
6.54%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
78
Increased
129
Reduced
148
Closed
160
Calls
$379M
Puts
$304M
Net Calls
+$74.9M
Net Calls Change
+$76.6M

Top Buyers

1
BlackRock
BlackRock
New York
+$204M
2
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
+$130M
3
Pzena Investment Management
Pzena Investment Management
New York
+$88.5M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$63.7M
5
Capital World Investors
Capital World Investors
California
+$53.8M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$97.8M
2
Invesco
Invesco
Georgia
-$92.5M
3
UBS Group
UBS Group
Switzerland
-$85.9M
4
Man Group
Man Group
United Kingdom
-$43M
5
State Street
State Street
Massachusetts
-$36.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
476
Guggenheim Capital
Illinois
– -$502K -7,146 Closed
CNB
477
Czech National Bank
Czech Republic
– -$495K -7,035 Closed
SWM
478
SeaCrest Wealth Management
New York
– -$476K -6,774 Closed
PL
479
Perpetual Ltd
Australia
– -$473K -6,727 Closed
WBC
480
Westpac Banking Corp
Australia
– -$473K -6,727 Closed
Swedbank
481
Swedbank
Sweden
– -$457K -6,504 Closed
ZIG
482
Zurich Insurance Group
Switzerland
– -$457K -6,500 Closed
NB
483
Norinchukin Bank
Japan
– -$451K -6,414 Closed
NAM
484
Nissay Asset Management
Japan
– -$444K -6,316 Closed
GIBU
485
Gulf International Bank (UK)
United Kingdom
– -$433K -6,161 Closed
Cerity Partners
486
Cerity Partners
New York
– -$377K -5,350 Closed
BCIM
487
British Columbia Investment Management
British Columbia, Canada
– -$375K -5,339 Closed
Macquarie Group
488
Macquarie Group
Australia
– -$372K -5,290 Closed
Bank of Nova Scotia
489
Bank of Nova Scotia
Ontario, Canada
– -$367K -5,214 Closed
DC
490
Davenport & Co
Virginia
– -$360K -5,126 Closed
CA
491
Calton & Associates
Florida
– -$359K -5,100 Closed
GIA
492
Gladstone Institutional Advisory
Florida
– -$356K -5,061 Closed
NCM
493
Novare Capital Management
North Carolina
– -$352K -5,000 Closed
ESCM
494
Echo Street Capital Management
New York
– -$339K -4,823 Closed
KRS
495
Kentucky Retirement Systems
Kentucky
– -$336K -4,779 Closed
SAM
496
Securian Asset Management
Minnesota
– -$329K -4,685 Closed
Daiwa Securities Group
497
Daiwa Securities Group
Japan
– -$325K -4,629 Closed
Pacer Advisors
498
Pacer Advisors
Pennsylvania
– -$317K -4,514 Closed
SMDAM
499
Sumitomo Mitsui DS Asset Management
Japan
– -$301K -4,275 Closed
Nordea Investment Management
500
Nordea Investment Management
Sweden
– -$290K -4,239 Closed
18 19
20
21 22

AAP Hedge Fund Activity: Q3 2023 in Review

412 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Advance Auto Parts (AAP) for Q3 2023, worth a combined $3.2B — down 17% from $3.87B a quarter earlier.

Sellers outnumbered buyers: 160 funds closed out of AAP and 78 opened new positions — a net loss of 82 holders — while 148 trimmed existing stakes and 129 added.

The largest buyer was BlackRock, adding an estimated $204M. The largest seller was JP Morgan Chase, cutting an estimated $97.8M.

  • 412 institutional investors held Advance Auto Parts (AAP) as of Q3 2023, down from 497 in Q2 2023.
  • Funds reported $3.2B of Advance Auto Parts stock for Q3 2023, down 17% quarter-over-quarter.
  • 78 funds opened new Advance Auto Parts positions in Q3 2023 and 160 closed out, a net change of -82 holders.
  • The largest Advance Auto Parts buyer in Q3 2023 was BlackRock, an estimated $204M added.
  • The largest Advance Auto Parts seller in Q3 2023 was JP Morgan Chase, an estimated $97.8M sold.

Based on aggregated 13F filings for Q3 2023.