American Coastal Insurance
ACIC
80 hedge funds and large institutions have $108M invested in American Coastal Insurance in 2014 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 24 increasing their positions, 11 reducing their positions, and 4 closing their positions.
800% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 4
118% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 11
67% more capital invested
Capital invested by funds: $64.4M → $108M (+$43.2M)
67% more funds holding
Funds holding: 48 → 80 (+32)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.23M |
| 2 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
+$3.64M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
+$3.1M |
| 4 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
+$3.06M |
| 5 |
RA
Royce & Associates
New York
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$3.26M |
| 2 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$1.35M |
| 3 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$1.31M |
| 4 |
ST
Sabal Trust
St. Petersburg,
Florida
|
-$1.13M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$499K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GI
76
Gradient Investments
Arden Hills,
Minnesota
| $3K | +$2.76K | +200 | New |
|
|
GT
77
Glenmede Trust
Philadelphia,
Pennsylvania
| $3K | +$3.03K | +220 | New |
|
|
GC
78
Globeflex Capital
San Diego,
California
| $2K | – | – | – |
|
|
FP
79
Foundry Partners
Minneapolis,
Minnesota
| – | -$1.31M | -92,816 | Closed |
|
|
ST
80
Sabal Trust
St. Petersburg,
Florida
| – | -$1.13M | -80,000 | Closed |
|
81
Goldman Sachs
New York
| – | -$248K | -17,585 | Closed |
|
82
Barclays
London,
United Kingdom
| – | -$17K | -1,200 | Closed |
|
83
Citigroup
New York
| – | +$41 | +3 | New |
|
84
BlackRock
New York
| – | +$55 | +4 | New |
|
ACIC Hedge Fund Activity: Q1 2014 in Review
80 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in American Coastal Insurance (ACIC) for Q1 2014, worth a combined $108M — up 67% from $64.4M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new ACIC positions and 4 closed out — a net gain of 32 holders — while 24 added to existing stakes and 11 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.23M. The largest seller was Heartland Advisors, cutting an estimated $3.26M.
- 80 institutional investors held American Coastal Insurance (ACIC) as of Q1 2014, up from 48 in Q4 2013.
- Funds reported $108M of American Coastal Insurance stock for Q1 2014, up 67% quarter-over-quarter.
- 36 funds opened new American Coastal Insurance positions in Q1 2014 and 4 closed out, a net change of +32 holders.
- The largest American Coastal Insurance buyer in Q1 2014 was Morgan Stanley, an estimated $4.23M added.
- The largest American Coastal Insurance seller in Q1 2014 was Heartland Advisors, an estimated $3.26M sold.
Based on aggregated 13F filings for Q1 2014.