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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
WCM
501
Weik Capital Management
Pennsylvania
– -$296K -4,215 Closed
HIMCH
502
Hartford Investment Management Co (HIMCO)
Connecticut
– -$291K -4,146 Closed
UCFA
503
United Capital Financial Advisors
Texas
– -$289K -4,118 Closed
JFGIW
504
Johnson Financial Group Inc (Wisconsin)
Wisconsin
– -$269K -3,833 Closed
ASN
505
Advisory Services Network
Georgia
– -$264K -3,753 Closed
CB
506
Commerce Bank
Missouri
– -$263K -3,743 Closed
SIA
507
SeaBridge Investment Advisors
New Jersey
– -$262K -3,733 Closed
TSWM
508
Triangle Securities Wealth Management
North Carolina
– -$254K -3,619 Closed
Wolverine Trading
509
Wolverine Trading
Illinois
– -$240K -3,588 Closed
CS
510
Capital Square
Tennessee
– -$235K -3,348 Closed
IGAM
511
iA Global Asset Management
Quebec, Canada
– -$234K -3,324 Closed
API
512
Advisor Partners II
California
– -$233K -3,317 Closed
AIA
513
Arrow Investment Advisors
Maryland
– -$230K -3,267 Closed
PP
514
Prudential plc
United Kingdom
– -$229K -3,258 Closed
CAN
515
Cetera Advisor Networks
California
– -$227K -3,234 Closed
BCV
516
Banque Cantonale Vaudoise
Switzerland
– -$225K -3,200 Closed
CIP
517
Cornerstone Investment Partners
Georgia
– -$222K -3,165 Closed
M&T Bank
518
M&T Bank
New York
– -$222K -3,158 Closed
SI
519
Scharf Investments
California
– -$220K -3,134 Closed
SFI
520
Siemens Fonds Invest
Germany
– -$217K -3,100 Closed
GCM
521
Gallacher Capital Management
Colorado
– -$217K -3,087 Closed
PCM
522
Prelude Capital Management
New York
– -$212K -3,010 Closed
KTA
523
Keeley-Teton Advisors
Illinois
– -$210K -2,990 Closed
MIM
524
Morningstar Investment Management
Illinois
– -$209K -2,978 Closed
RCAG
525
Rehmann Capital Advisory Group
Michigan
– -$208K -2,963 Closed
19 20
21
22 23

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.