Asbury Automotive
ABG
170 hedge funds and large institutions have $1.25B invested in Asbury Automotive in 2017 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 59 increasing their positions, 62 reducing their positions, and 17 closing their positions.
35% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 17
2% more funds holding
Funds holding: 166 → 170 (+4)
0.86% more ownership
Funds ownership: 104.27% → 105.13% (+0.86%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 62
6% less capital invested
Capital invested by funds: $1.33B → $1.25B (-$74.3M)
52% less call options, than puts
Call options by funds: $1.06M | Put options by funds: $2.21M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$26.6M |
| 2 |
BlackRock
New York
|
+$9.03M |
| 3 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$7.07M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.62M |
| 5 |
Morgan Stanley
New York
|
+$3.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$13.4M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$6.55M |
| 3 |
Millennium Management
New York
|
-$6.26M |
| 4 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
-$5.49M |
| 5 |
Neuberger Berman Group
New York
|
-$5.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$1.2M | -20,000 | Closed |
|
177
Capstone Investment Advisors
New York
| – | -$605K | -10,069 | Closed |
|
|
VKH
178
Virtu KCG Holdings
New York
| – | -$445K | -7,407 | Closed |
|
179
Balyasny Asset Management
Chicago,
Illinois
| – | -$384K | -6,394 | Closed |
|
|
BCM
180
Bayesian Capital Management
Brooklyn,
New York
| – | -$349K | -5,809 | Closed |
|
|
TI
181
Trexquant Investment
Stamford,
Connecticut
| – | -$324K | -5,386 | Closed |
|
|
PA
182
Profund Advisors
Bethesda,
Maryland
| – | -$224K | -3,726 | Closed |
|
|
CCMH
183
Cornerstone Capital Management Holdings
New York
| – | -$210K | -3,500 | Closed |
|
|
ISL
184
Ingalls & Snyder LLC
New York
| – | -$210K | -3,497 | Closed |
|
185
Verition Fund Management
Greenwich,
Connecticut
| – | -$206K | -3,426 | Closed |
|
|
PHK
186
Point72 Hong Kong
Hong Kong
| – | -$65K | -1,083 | Closed |
|
|
PFBT
187
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$1K | -18 | Closed |
|
ABG Hedge Fund Activity: Q2 2017 in Review
170 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Asbury Automotive (ABG) for Q2 2017, worth a combined $1.25B — down 5.6% from $1.33B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new ABG positions and 17 closed out — a net gain of 6 holders — while 59 added to existing stakes and 62 trimmed.
The largest buyer was Eminence Capital, adding an estimated $26.6M. The largest seller was Bank of America, cutting an estimated $13.4M.
- 170 institutional investors held Asbury Automotive (ABG) as of Q2 2017, up from 166 in Q1 2017.
- Funds reported $1.25B of Asbury Automotive stock for Q2 2017, down 5.6% quarter-over-quarter.
- 23 funds opened new Asbury Automotive positions in Q2 2017 and 17 closed out, a net change of +6 holders.
- The largest Asbury Automotive buyer in Q2 2017 was Eminence Capital, an estimated $26.6M added.
- The largest Asbury Automotive seller in Q2 2017 was Bank of America, an estimated $13.4M sold.
Based on aggregated 13F filings for Q2 2017.