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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
Natixis Advisors
176
Natixis Advisors
Massachusetts
$755K -$1.1M -16,393 -55%
Allspring Global Investments
177
Allspring Global Investments
North Carolina
$751K -$1.31M -19,602 -59%
VI
178
Versor Investments
New York
$748K +$896K +13,372 New
SCC
179
Steel Canyon Capital
Arizona
$701K +$839K +12,529 New
Capstone Investment Advisors
180
Capstone Investment Advisors
New York
$696K +$505K +7,541 +154%
Tudor Investment Corp
181
Tudor Investment Corp
Connecticut
$663K +$370K +5,516 +87%
NRD
182
Nebula Research & Development
New York
$657K +$787K +11,745 New
Mitsubishi UFJ Asset Management
183
Mitsubishi UFJ Asset Management
Japan
$645K -$2.45M -36,500 -76%
RJT
184
Raymond James Trust
Florida
$644K +$127K +1,897 +20%
Cambridge Investment Research Advisors
185
Cambridge Investment Research Advisors
Iowa
$624K -$393K -5,870 -34%
Wellington Management Group
186
Wellington Management Group
Massachusetts
$614K -$379K -5,660 -34%
WB
187
WesBanco Bank
West Virginia
$600K +$335K +5,000 +87%
RGC
188
Roberts, Glore & Co
Illinois
$596K -$124K -1,852 -15%
Victory Capital Management
189
Victory Capital Management
Texas
$587K -$4.65M -69,341 -87%
Truist Financial
190
Truist Financial
North Carolina
$585K +$280K +4,175 +66%
MOACM
191
Mutual of America Capital Management
New York
$583K +$124K +1,858 +22%
Axa
192
Axa
France
$582K +$697K +10,400 New
IMPI
193
Ilmarinen Mutual Pension Insurance
Finland
$579K – – –
FHB
194
First Hawaiian Bank
Hawaii
$576K +$689K +10,291 New
CCG
195
Ceeto Capital Group
Florida
$570K +$683K +10,200 New
KAS
196
Kestra Advisory Services
Texas
$566K -$126K -1,886 -16%
FHA
197
First Horizon Advisors
Tennessee
$542K -$186K -2,781 -22%
VRS
198
Virginia Retirement Systems
Virginia
$537K +$643K +9,600 New
Zurich Cantonal Bank
199
Zurich Cantonal Bank
Switzerland
$535K -$85.6K -1,278 -12%
VOYA Investment Management
200
VOYA Investment Management
Georgia
$524K -$764K -11,411 -55%
6 7
8
9 10

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.