Advance Auto Parts
442 hedge funds and large institutions have $9.29B invested in Advance Auto Parts in 2017 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 198 increasing their positions, 136 reducing their positions, and 88 closing their positions.
112% more call options, than puts
Call options by funds: $250M | Put options by funds: $118M
46% more repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 136
3.81% more ownership
Funds ownership: 104.05% → 107.86% (+3.8%)
10% less funds holding
Funds holding: 490 → 442 (-48)
19% less capital invested
Capital invested by funds: $11.4B → $9.29B (-$2.13B)
51% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 88
56% less funds holding in top 10
Funds holding in top 10: 18 → 8 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$281M |
| 2 |
BlackRock
New York
|
+$152M |
| 3 |
Neuberger Berman Group
New York
|
+$122M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$116M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Melvin Capital Management
New York
|
-$202M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$176M |
| 3 |
Lazard Asset Management
New York
|
-$116M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$74.1M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
-$73.8M |
AAP Hedge Fund Activity: Q2 2017 in Review
442 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Advance Auto Parts (AAP) for Q2 2017, worth a combined $9.29B — down 19% from $11.4B a quarter earlier.
Sellers outnumbered buyers: 88 funds closed out of AAP and 43 opened new positions — a net loss of 45 holders — while 136 trimmed existing stakes and 198 added.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $281M. The largest seller was Melvin Capital Management, exiting entirely with an estimated $202M sold.
- 442 institutional investors held Advance Auto Parts (AAP) as of Q2 2017, down from 490 in Q1 2017.
- Funds reported $9.29B of Advance Auto Parts stock for Q2 2017, down 19% quarter-over-quarter.
- 43 funds opened new Advance Auto Parts positions in Q2 2017 and 88 closed out, a net change of -45 holders.
- The largest Advance Auto Parts buyer in Q2 2017 was Lone Pine Capital, an estimated $281M added.
- The largest Advance Auto Parts seller in Q2 2017 was Melvin Capital Management, an estimated $202M sold.
Based on aggregated 13F filings for Q2 2017.