Asbury Automotive
ABG
191 hedge funds and large institutions have $2.11B invested in Asbury Automotive in 2015 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 60 increasing their positions, 80 reducing their positions, and 25 closing their positions.
44% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 25
6% more funds holding
Funds holding: 181 → 191 (+10)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
1.62% less ownership
Funds ownership: 99.25% → 97.63% (-1.6%)
14% less capital invested
Capital invested by funds: $2.45B → $2.11B (-$341M)
25% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 80
34% less call options, than puts
Call options by funds: $25.5M | Put options by funds: $38.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCP
Tourbillon Capital Partners
New York
|
+$72.1M |
| 2 |
LCM
LionEye Capital Management
New York
|
+$20.7M |
| 3 |
Neuberger Berman Group
New York
|
+$15.9M |
| 4 |
WC
Wexford Capital
West Palm Beach,
Florida
|
+$13.6M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
+$9.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$83.1M |
| 2 |
GCM
Glenview Capital Management
New York
|
-$33.9M |
| 3 |
EC
Eminence Capital
New York
|
-$27.2M |
| 4 |
AC
Amici Capital
New York
|
-$20M |
| 5 |
GAM
Gotham Asset Management
New York
|
-$16.9M |
ABG Hedge Fund Activity: Q3 2015 in Review
191 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Asbury Automotive (ABG) for Q3 2015, worth a combined $2.11B — down 14% from $2.45B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new ABG positions and 25 closed out — a net gain of 11 holders — while 60 added to existing stakes and 80 trimmed.
The largest buyer was Tourbillon Capital Partners, opening a new position worth an estimated $72.1M. The largest seller was Bank of America, cutting an estimated $83.1M.
- 191 institutional investors held Asbury Automotive (ABG) as of Q3 2015, up from 181 in Q2 2015.
- Funds reported $2.11B of Asbury Automotive stock for Q3 2015, down 14% quarter-over-quarter.
- 36 funds opened new Asbury Automotive positions in Q3 2015 and 25 closed out, a net change of +11 holders.
- The largest Asbury Automotive buyer in Q3 2015 was Tourbillon Capital Partners, an estimated $72.1M added.
- The largest Asbury Automotive seller in Q3 2015 was Bank of America, an estimated $83.1M sold.
Based on aggregated 13F filings for Q3 2015.