Advance Auto Parts
438 hedge funds and large institutions have $9.3B invested in Advance Auto Parts in 2018 Q1 according to their latest regulatory filings, with 74 funds opening new positions, 136 increasing their positions, 153 reducing their positions, and 60 closing their positions.
23% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 60
22% more capital invested
Capital invested by funds: $7.6B → $9.3B (+$1.7B)
9% more funds holding in top 10
Funds holding in top 10: 11 → 12 (+1)
2.87% more ownership
Funds ownership: 103.23% → 106.1% (+2.9%)
2% more funds holding
Funds holding: 428 → 438 (+10)
11% less repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 153
30% less call options, than puts
Call options by funds: $96.3M | Put options by funds: $138M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$197M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$174M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$155M |
| 4 |
KP
Kiltearn Partners
Edinburgh,
United Kingdom
|
+$81.2M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PG
Pendal Group
Sydney,
Australia
|
-$91M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$86.6M |
| 3 |
Morgan Stanley
New York
|
-$69.1M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$52.3M |
| 5 |
Renaissance Technologies
New York
|
-$49.9M |
AAP Hedge Fund Activity: Q1 2018 in Review
438 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Advance Auto Parts (AAP) for Q1 2018, worth a combined $9.3B — up 22% from $7.6B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new AAP positions and 60 closed out — a net gain of 14 holders — while 136 added to existing stakes and 153 trimmed.
The largest buyer was Franklin Resources, adding an estimated $197M. The largest seller was Pendal Group, exiting entirely with an estimated $91M sold.
- 438 institutional investors held Advance Auto Parts (AAP) as of Q1 2018, up from 428 in Q4 2017.
- Funds reported $9.3B of Advance Auto Parts stock for Q1 2018, up 22% quarter-over-quarter.
- 74 funds opened new Advance Auto Parts positions in Q1 2018 and 60 closed out, a net change of +14 holders.
- The largest Advance Auto Parts buyer in Q1 2018 was Franklin Resources, an estimated $197M added.
- The largest Advance Auto Parts seller in Q1 2018 was Pendal Group, an estimated $91M sold.
Based on aggregated 13F filings for Q1 2018.