Advance Auto Parts
374 hedge funds and large institutions have $3.66B invested in Advance Auto Parts in 2023 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 121 increasing their positions, 142 reducing their positions, and 93 closing their positions.
14% more capital invested
Capital invested by funds: $3.2B → $3.66B (+$456M)
5.07% more ownership
Funds ownership: 95.68% → 100.75% (+5.1%)
9% less funds holding
Funds holding: 413 → 374 (-39)
15% less repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 142
17% less call options, than puts
Call options by funds: $399M | Put options by funds: $479M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
33% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 93
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$75M |
| 2 |
Squarepoint
New York
|
+$52.5M |
| 3 |
D.E. Shaw & Co
New York
|
+$47.3M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$46.1M |
| 5 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$42.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$34.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$29.8M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$22.3M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$21.8M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$19.8M |
AAP Hedge Fund Activity: Q4 2023 in Review
374 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Advance Auto Parts (AAP) for Q4 2023, worth a combined $3.66B — up 14% from $3.2B a quarter earlier.
Sellers outnumbered buyers: 93 funds closed out of AAP and 62 opened new positions — a net loss of 31 holders — while 142 trimmed existing stakes and 121 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $75M. The largest seller was Marshall Wace, cutting an estimated $34.9M.
- 374 institutional investors held Advance Auto Parts (AAP) as of Q4 2023, down from 413 in Q3 2023.
- Funds reported $3.66B of Advance Auto Parts stock for Q4 2023, up 14% quarter-over-quarter.
- 62 funds opened new Advance Auto Parts positions in Q4 2023 and 93 closed out, a net change of -31 holders.
- The largest Advance Auto Parts buyer in Q4 2023 was T. Rowe Price Associates, an estimated $75M added.
- The largest Advance Auto Parts seller in Q4 2023 was Marshall Wace, an estimated $34.9M sold.
Based on aggregated 13F filings for Q4 2023.