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1,010 hedge funds and large institutions have $23.4B invested in Aflac in 2018 Q1 according to their latest regulatory filings, with 104 funds opening new positions, 310 increasing their positions, 416 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more first-time investments, than exits

New positions opened: 104 | Existing positions closed: 75

28% more call options, than puts

Call options by funds: $251M | Put options by funds: $196M

2% more funds holding

Funds holding: 9901,010 (+20)

2% less capital invested

Capital invested by funds: $23.8B → $23.4B (-$403M)

12% less funds holding in top 10

Funds holding in top 10: 2623 (-3)

25% less repeat investments, than reductions

Existing positions increased: 310 | Existing positions reduced: 416

69.76% less ownership

Funds ownership: 138.44%68.68% (-70%)

Holders
1,010
Holders Change
+20
Holders Change %
+2.02%
% of All Funds
23.15%
Holding in Top 10
23
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-11.54%
% of All Funds
0.53%
New
104
Increased
310
Reduced
416
Closed
75
Calls
$251M
Puts
$196M
Net Calls
+$55M
Net Calls Change
-$6.95M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$2.87B -$17.5M -395,961 -0.6%
BlackRock
2
BlackRock
New York
$2.23B +$64.9M +1,466,317 +3%
State Street
3
State Street
Massachusetts
$1.75B -$75.4M -1,703,580 -4%
Wells Fargo
4
Wells Fargo
California
$718M -$62.9M -1,420,276 -8%
AQR Capital Management
5
AQR Capital Management
Connecticut
$641M +$78.1M +1,765,362 +14%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$590M -$29.7M -670,553 -5%
Northern Trust
7
Northern Trust
Illinois
$465M -$8.82M -199,256 -2%
Goldman Sachs
8
Goldman Sachs
New York
$453M +$98.1M +2,216,111 +27%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$403M +$32.6M +737,780 +9%
Invesco
10
Invesco
Georgia
$359M -$44.8M -1,012,867 -11%
Norges Bank
11
Norges Bank
Norway
$355M -$113M -2,548,144 -24%
LAM
12
Lyrical Asset Management
New York
$340M +$25.4M +574,679 +8%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$284M -$5.93M -134,057 -2%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$273M -$1.48M -33,489 -0.5%
LSV Asset Management
15
LSV Asset Management
Illinois
$266M +$14.3M +323,380 +6%
APG Asset Management
16
APG Asset Management
Netherlands
$259M +$1.31M +29,600 +0.4%
Franklin Resources
17
Franklin Resources
California
$258M +$279K +6,298 +0.1%
Nordea Investment Management
18
Nordea Investment Management
Sweden
$250M -$61.4M -1,388,247 -20%
Victory Capital Management
19
Victory Capital Management
Texas
$230M -$106M -2,400,586 -31%
JIM
20
Jupiter Investment Management
United Kingdom
$214M +$161M +3,638,789 +291%
SOMRS
21
State of Michigan Retirement System
Michigan
$213M -$32.2M -728,025 -13%
Morgan Stanley
22
Morgan Stanley
New York
$203M +$20.6M +466,226 +11%
Harris Associates
23
Harris Associates
Illinois
$199M -$234M -5,298,602 -54%
Schroder Investment Management Group
24
Schroder Investment Management Group
United Kingdom
$183M +$31.4M +710,224 +21%
Legal & General Group
25
Legal & General Group
United Kingdom
$177M -$9.56M -216,144 -5%

AFL Hedge Fund Activity: Q1 2018 in Review

1,010 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Aflac (AFL) for Q1 2018, worth a combined $23.4B — down 1.7% from $23.8B a quarter earlier.

Buyers outnumbered sellers: 104 funds opened new AFL positions and 75 closed out — a net gain of 29 holders — while 310 added to existing stakes and 416 trimmed.

The largest buyer was Jupiter Investment Management, adding an estimated $161M. The largest seller was Harris Associates, cutting an estimated $234M.

  • 1,010 institutional investors held Aflac (AFL) as of Q1 2018, up from 990 in Q4 2017.
  • Funds reported $23.4B of Aflac stock for Q1 2018, down 1.7% quarter-over-quarter.
  • 104 funds opened new Aflac positions in Q1 2018 and 75 closed out, a net change of +29 holders.
  • The largest Aflac buyer in Q1 2018 was Jupiter Investment Management, an estimated $161M added.
  • The largest Aflac seller in Q1 2018 was Harris Associates, an estimated $234M sold.

Based on aggregated 13F filings for Q1 2018.