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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
LCM
201
Landscape Capital Management
New Jersey
$515K +$617K +9,211 New
SG Americas Securities
202
SG Americas Securities
New York
$495K -$1.14M -17,028 -66%
HT
203
Headlands Technologies
Illinois
$484K +$166K +2,478 +40%
UIM
204
USS Investment Management
United Kingdom
$470K -$1.36M -20,235 -71%
OTL
205
Oak Thistle LLC
New York
$464K +$556K +8,297 New
RBC
206
Romano Brothers & Co
Illinois
$457K -$36.8K -550 -6%
Parallax Volatility Advisers
207
Parallax Volatility Advisers
California
$449K +$327K +4,874 +155%
Handelsbanken Fonder
208
Handelsbanken Fonder
Sweden
$447K – – –
AI
209
Atom Investors
Texas
$447K +$535K +7,991 New
SI
210
Stephens Inc
Arkansas
$445K +$184K +2,751 +53%
Envestnet Asset Management
211
Envestnet Asset Management
Illinois
$427K +$64.3K +960 +14%
DT
212
Diversified Trust
Tennessee
$405K -$1.54K -23 -0.3%
Rafferty Asset Management
213
Rafferty Asset Management
New York
$392K -$424K -6,331 -47%
Public Employees Retirement Association of Colorado
214
Public Employees Retirement Association of Colorado
Colorado
$387K – – –
HWAM
215
Hennion & Walsh Asset Management
New Jersey
$382K -$316K -4,720 -41%
State of Wisconsin Investment Board
216
State of Wisconsin Investment Board
Wisconsin
$373K -$2.06M -30,781 -82%
BC
217
Bridgefront Capital
Texas
$371K +$167K +2,492 +60%
CAM
218
Cresset Asset Management
Illinois
$370K +$126K +1,883 +40%
CIBC Asset Management
219
CIBC Asset Management
Ontario, Canada
$366K -$274K -4,085 -38%
EIP
220
Easterly Investment Partners
Massachusetts
$356K +$426K +6,357 New
DCM
221
Dean Capital Management
Kansas
$354K +$424K +6,324 New
LCM
222
Legato Capital Management
California
$354K +$424K +6,324 New
TI
223
Tidal Investments
Wisconsin
$354K +$185K +2,761 +78%
FNT
224
First National Trust
Pennsylvania
$353K -$612K -9,130 -59%
IRC
225
Investors Research Corp
Georgia
$351K – – –
7 8
9
10 11

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.