Asbury Automotive
156 hedge funds and large institutions have $1.67B invested in Asbury Automotive in 2014 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 38 increasing their positions, 60 reducing their positions, and 22 closing their positions.
73% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 22
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
10% more funds holding
Funds holding: 142 → 156 (+14)
4% more capital invested
Capital invested by funds: $1.62B → $1.67B (+$57.7M)
0.97% more ownership
Funds ownership: 97.18% → 98.15% (+0.97%)
37% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 60
44% less call options, than puts
Call options by funds: $3.79M | Put options by funds: $6.76M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
+$40.9M |
| 2 |
PCP
P2 Capital Partners
New York
|
+$37.8M |
| 3 |
AA
Ancient Art
Austin,
Texas
|
+$22.3M |
| 4 |
PCM
Palestra Capital Management
New York
|
+$20.4M |
| 5 |
AC
Amici Capital
New York
|
+$18.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Southpoint Capital Advisors
New York
|
-$29.7M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$25.5M |
| 3 |
Jennison Associates
New York
|
-$23.5M |
| 4 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$22.6M |
| 5 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$16.2M |
ABG Hedge Fund Activity: Q1 2014 in Review
156 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Asbury Automotive (ABG) for Q1 2014, worth a combined $1.67B — up 3.6% from $1.62B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new ABG positions and 22 closed out — a net gain of 16 holders — while 38 added to existing stakes and 60 trimmed.
The largest buyer was TimesSquare Capital Management, opening a new position worth an estimated $40.9M. The largest seller was Southpoint Capital Advisors, cutting an estimated $29.7M.
- 156 institutional investors held Asbury Automotive (ABG) as of Q1 2014, up from 142 in Q4 2013.
- Funds reported $1.67B of Asbury Automotive stock for Q1 2014, up 3.6% quarter-over-quarter.
- 38 funds opened new Asbury Automotive positions in Q1 2014 and 22 closed out, a net change of +16 holders.
- The largest Asbury Automotive buyer in Q1 2014 was TimesSquare Capital Management, an estimated $40.9M added.
- The largest Asbury Automotive seller in Q1 2014 was Southpoint Capital Advisors, an estimated $29.7M sold.
Based on aggregated 13F filings for Q1 2014.