American Coastal Insurance
ACIC
34 hedge funds and large institutions have $33.8M invested in American Coastal Insurance in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
120% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 5
40% more capital invested
Capital invested by funds: $24.1M → $33.8M (+$9.67M)
10% more funds holding
Funds holding: 31 → 34 (+3)
Top Buyers
| 1 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$1.33M |
| 2 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
+$916K |
| 3 |
ST
Sabal Trust
St. Petersburg,
Florida
|
+$626K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$348K |
| 5 |
Goldman Sachs
New York
|
+$284K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Invesco
Atlanta,
Georgia
| $50K | -$25.8K | -3,300 | -37% |
|
27
Wells Fargo
San Francisco,
California
| $26K | – | – | – |
|
|
U
28
UBS
Zurich,
Switzerland
| $26K | +$4.76K | +609 | +26% |
|
29
US Bancorp
Minneapolis,
Minnesota
| $20K | – | – | – |
|
|
MTIP
30
Magee Thomson Investment Partners
San Diego,
California
| $9K | +$462 | +59 | +6% |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $5K | +$3.88K | +496 | +584% |
|
32
Envestnet Asset Management
Chicago,
Illinois
| $4K | +$3.29K | +420 | New |
|
|
GC
33
Globeflex Capital
San Diego,
California
| $1K | +$1.14K | +146 | New |
|
34
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $2 | +$681 | +87 | +49% |
|
|
NI
35
Numeric Investors
Boston,
Massachusetts
| – | -$378K | -54,100 | Closed |
|
ACIC Hedge Fund Activity: Q3 2013 in Review
34 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in American Coastal Insurance (ACIC) for Q3 2013, worth a combined $33.8M — up 40% from $24.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new ACIC positions and 2 closed out — a net gain of 4 holders — while 11 added to existing stakes and 5 trimmed.
The largest buyer was Perritt Capital Management, adding an estimated $1.33M. The largest seller was Numeric Investors, exiting entirely with an estimated $378K sold.
- 34 institutional investors held American Coastal Insurance (ACIC) as of Q3 2013, up from 31 in Q2 2013.
- Funds reported $33.8M of American Coastal Insurance stock for Q3 2013, up 40% quarter-over-quarter.
- 6 funds opened new American Coastal Insurance positions in Q3 2013 and 2 closed out, a net change of +4 holders.
- The largest American Coastal Insurance buyer in Q3 2013 was Perritt Capital Management, an estimated $1.33M added.
- The largest American Coastal Insurance seller in Q3 2013 was Numeric Investors, an estimated $378K sold.
Based on aggregated 13F filings for Q3 2013.