Asbury Automotive
ABG
164 hedge funds and large institutions have $1.35B invested in Asbury Automotive in 2017 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 55 increasing their positions, 63 reducing their positions, and 22 closing their positions.
8% more capital invested
Capital invested by funds: $1.25B → $1.35B (+$102M)
1.18% more ownership
Funds ownership: 105.13% → 106.3% (+1.2%)
4% less funds holding
Funds holding: 170 → 164 (-6)
13% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 63
23% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 22
46% less call options, than puts
Call options by funds: $772K | Put options by funds: $1.42M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| 1 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
+$55.2M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$13.5M |
| 3 |
Millennium Management
New York
|
+$12.7M |
| 4 |
Goldman Sachs
New York
|
+$4.65M |
| 5 |
JP Morgan Chase
New York
|
+$4.03M |
Top Sellers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$43.2M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$9.92M |
| 3 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$9.77M |
| 4 |
BlackRock
New York
|
-$9.65M |
| 5 |
MC
MSD Capital
New York
|
-$5.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WGCA
176
Wolf Group Capital Advisors
Fairfax,
Virginia
| – | -$229K | -4,046 | Closed |
|
|
SCM
177
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$220K | -3,884 | Closed |
|
|
IR
178
Invictus RG
Hamilton,
Bermuda
| – | -$207K | -3,660 | Closed |
|
179
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$113K | -2,000 | Closed |
|
|
AIM
180
Acrospire Investment Management
Chicago,
Illinois
| – | -$68K | -1,197 | Closed |
|
|
CG
181
Cutler Group
San Francisco,
California
| – | -$31.9K | -578 | Closed |
|
182
Creative Planning
Overland Park,
Kansas
| – | -$13K | -237 | Closed |
|
183
Walleye Trading
New York
| – | -$11 | -199 | Closed |
|
|
QT
184
Quantbot Technologies
New York
| – | -$5K | -104 | Closed |
|
185
Simplex Trading
Chicago,
Illinois
| – | -$5.63K | -102 | Closed |
|
|
WAM
186
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$1K | -11 | Closed |
|
ABG Hedge Fund Activity: Q3 2017 in Review
164 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Asbury Automotive (ABG) for Q3 2017, worth a combined $1.35B — up 8.2% from $1.25B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of ABG and 17 opened new positions — a net loss of 5 holders — while 63 trimmed existing stakes and 55 added.
The largest buyer was Abrams Capital Management, opening a new position worth an estimated $55.2M. The largest seller was Fidelity Investments, exiting entirely with an estimated $43.2M sold.
- 164 institutional investors held Asbury Automotive (ABG) as of Q3 2017, down from 170 in Q2 2017.
- Funds reported $1.35B of Asbury Automotive stock for Q3 2017, up 8.2% quarter-over-quarter.
- 17 funds opened new Asbury Automotive positions in Q3 2017 and 22 closed out, a net change of -5 holders.
- The largest Asbury Automotive buyer in Q3 2017 was Abrams Capital Management, an estimated $55.2M added.
- The largest Asbury Automotive seller in Q3 2017 was Fidelity Investments, an estimated $43.2M sold.
Based on aggregated 13F filings for Q3 2017.