Advance Auto Parts
428 hedge funds and large institutions have $7.6B invested in Advance Auto Parts in 2017 Q4 according to their latest regulatory filings, with 79 funds opening new positions, 165 increasing their positions, 137 reducing their positions, and 70 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 137
13% more first-time investments, than exits
New positions opened: 79 | Existing positions closed: 70
2% more funds holding
Funds holding: 420 → 428 (+8)
2% less capital invested
Capital invested by funds: $7.74B → $7.6B (-$140M)
7% less call options, than puts
Call options by funds: $118M | Put options by funds: $126M
2.44% less ownership
Funds ownership: 105.68% → 103.23% (-2.4%)
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$265M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$68.8M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$58.2M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$51.6M |
| 5 |
D.E. Shaw & Co
New York
|
+$43.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
-$238M |
| 2 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$234M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$154M |
| 4 |
SPC
Slate Path Capital
New York
|
-$148M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$76.9M |
AAP Hedge Fund Activity: Q4 2017 in Review
428 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Advance Auto Parts (AAP) for Q4 2017, worth a combined $7.6B — down 1.8% from $7.74B a quarter earlier.
Buyers outnumbered sellers: 79 funds opened new AAP positions and 70 closed out — a net gain of 9 holders — while 165 added to existing stakes and 137 trimmed.
The largest buyer was Franklin Resources, adding an estimated $265M. The largest seller was Soroban Capital Partners, exiting entirely with an estimated $238M sold.
- 428 institutional investors held Advance Auto Parts (AAP) as of Q4 2017, up from 420 in Q3 2017.
- Funds reported $7.6B of Advance Auto Parts stock for Q4 2017, down 1.8% quarter-over-quarter.
- 79 funds opened new Advance Auto Parts positions in Q4 2017 and 70 closed out, a net change of +9 holders.
- The largest Advance Auto Parts buyer in Q4 2017 was Franklin Resources, an estimated $265M added.
- The largest Advance Auto Parts seller in Q4 2017 was Soroban Capital Partners, an estimated $238M sold.
Based on aggregated 13F filings for Q4 2017.