Advance Auto Parts
579 hedge funds and large institutions have $13B invested in Advance Auto Parts in 2021 Q2 according to their latest regulatory filings, with 90 funds opening new positions, 221 increasing their positions, 162 reducing their positions, and 50 closing their positions.
80% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 50
36% more repeat investments, than reductions
Existing positions increased: 221 | Existing positions reduced: 162
10% more capital invested
Capital invested by funds: $11.8B → $13B (+$1.18B)
7% more funds holding
Funds holding: 543 → 579 (+36)
7% more call options, than puts
Call options by funds: $311M | Put options by funds: $291M
1.53% less ownership
Funds ownership: 97.93% → 96.41% (-1.5%)
14% less funds holding in top 10
Funds holding in top 10: 14 → 12 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$262M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$40.3M |
| 3 |
AIM
Allen Investment Management
New York
|
+$39.2M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$38.6M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$36.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Melvin Capital Management
New York
|
-$234M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
-$192M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$185M |
| 4 |
Millennium Management
New York
|
-$129M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$73.1M |
AAP Hedge Fund Activity: Q2 2021 in Review
579 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Advance Auto Parts (AAP) for Q2 2021, worth a combined $13B — up 10% from $11.8B a quarter earlier.
Buyers outnumbered sellers: 90 funds opened new AAP positions and 50 closed out — a net gain of 40 holders — while 221 added to existing stakes and 162 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $262M. The largest seller was Melvin Capital Management, exiting entirely with an estimated $234M sold.
- 579 institutional investors held Advance Auto Parts (AAP) as of Q2 2021, up from 543 in Q1 2021.
- Funds reported $13B of Advance Auto Parts stock for Q2 2021, up 10% quarter-over-quarter.
- 90 funds opened new Advance Auto Parts positions in Q2 2021 and 50 closed out, a net change of +40 holders.
- The largest Advance Auto Parts buyer in Q2 2021 was JP Morgan Chase, an estimated $262M added.
- The largest Advance Auto Parts seller in Q2 2021 was Melvin Capital Management, an estimated $234M sold.
Based on aggregated 13F filings for Q2 2021.