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Advance Auto Parts
AAP

490 hedge funds and large institutions have $11.4B invested in Advance Auto Parts in 2017 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 184 increasing their positions, 175 reducing their positions, and 80 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more call options, than puts

Call options by funds: $266M | Put options by funds: $85.7M

2.55% more ownership

Funds ownership: 101.51% → 104.06% (+2.6%)

5% more repeat investments, than reductions

Existing positions increased: 184 | Existing positions reduced: 175

6% less funds holding

Funds holding: 520 → 490 (-30)

10% less capital invested

Capital invested by funds: $12.7B → $11.4B (-$1.25B)

23% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 80

33% less funds holding in top 10

Funds holding in top 10: 27 → 18 (-9)

Holders
490
Holders Change
-30
Holders Change %
-5.77%
% of All Funds
12.2%
Holding in Top 10
18
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-33.33%
% of All Funds
0.45%
New
62
Increased
184
Reduced
175
Closed
80
Calls
$266M
Puts
$85.7M
Net Calls
+$180M
Net Calls Change
-$83M

Top Buyers

1
BlackRock
BlackRock
New York
+$673M
2
Lazard Asset Management
Lazard Asset Management
New York
+$190M
3
MCM
Melvin Capital Management
New York
+$131M
4
SCP
Soroban Capital Partners
New York
+$113M
5
Invesco
Invesco
Georgia
+$85.3M

Top Sellers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$131M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$109M
3
Ameriprise
Ameriprise
Minnesota
-$78.8M
4
ECU
Egerton Capital (UK)
United Kingdom
-$72.4M
5
KCM
Kensico Capital Management
Connecticut
-$67.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.01B +$34.2M +212,632 +3%
Wellington Management Group
2
Wellington Management Group
Massachusetts
$814M -$46.3M -288,383 -5%
BlackRock
3
BlackRock
New York
$641M +$673M +4,187,042 +3,143%
Lazard Asset Management
4
Lazard Asset Management
New York
$535M +$190M +1,181,231 +49%
State Street
5
State Street
Massachusetts
$486M -$42.3M -263,030 -7%
SV
6
Starboard Value
New York
$419M – – –
Invesco
7
Invesco
Georgia
$338M +$85.3M +530,874 +30%
SCP
8
Soroban Capital Partners
New York
$259M +$113M +705,179 +68%
CCM
9
Causeway Capital Management
California
$241M +$70M +435,424 +44%
American Century Companies
10
American Century Companies
Missouri
$236M +$41.1M +255,548 +19%
Point72 Asset Management
11
Point72 Asset Management
Connecticut
$228M +$83.7M +521,078 +51%
MCM
12
Melvin Capital Management
New York
$202M +$131M +813,026 +148%
Massachusetts Financial Services
13
Massachusetts Financial Services
Massachusetts
$184M +$52.6M +327,519 +36%
SI
14
Scharf Investments
California
$177M -$12M -74,824 -6%
Goldman Sachs
15
Goldman Sachs
New York
$169M +$13.3M +82,561 +8%
Artisan Partners
16
Artisan Partners
Wisconsin
$167M -$5.95M -37,014 -3%
SPC
17
Slate Path Capital
New York
$162M +$34.5M +215,000 +25%
MAI
18
Marble Arch Investments
New York
$139M +$23.4M +145,500 +18%
Schroder Investment Management Group
19
Schroder Investment Management Group
United Kingdom
$135M +$44.8M +278,969 +45%
Northern Trust
20
Northern Trust
Illinois
$125M +$8.24M +51,304 +6%
EIP
21
Epoch Investment Partners
New York
$120M -$40.6M -252,729 -24%
Deutsche Bank
22
Deutsche Bank
Germany
$114M +$10.6M +65,661 +9%
Geode Capital Management
23
Geode Capital Management
Massachusetts
$112M +$10.3M +64,163 +9%
Boston Partners
24
Boston Partners
Massachusetts
$104M -$17M -105,498 -13%
D.E. Shaw & Co
25
D.E. Shaw & Co
New York
$102M +$33.8M +210,333 +44%
1
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AAP Hedge Fund Activity: Q1 2017 in Review

490 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Advance Auto Parts (AAP) for Q1 2017, worth a combined $11.4B — down 9.9% from $12.7B a quarter earlier.

Sellers outnumbered buyers: 80 funds closed out of AAP and 62 opened new positions — a net loss of 18 holders — while 175 trimmed existing stakes and 184 added.

The largest buyer was BlackRock, adding an estimated $673M. The largest seller was Balyasny Asset Management, cutting an estimated $131M.

  • 490 institutional investors held Advance Auto Parts (AAP) as of Q1 2017, down from 520 in Q4 2016.
  • Funds reported $11.4B of Advance Auto Parts stock for Q1 2017, down 9.9% quarter-over-quarter.
  • 62 funds opened new Advance Auto Parts positions in Q1 2017 and 80 closed out, a net change of -18 holders.
  • The largest Advance Auto Parts buyer in Q1 2017 was BlackRock, an estimated $673M added.
  • The largest Advance Auto Parts seller in Q1 2017 was Balyasny Asset Management, an estimated $131M sold.

Based on aggregated 13F filings for Q1 2017.