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Federal Agricultural Mortgage
AGM

79 hedge funds and large institutions have $216M invested in Federal Agricultural Mortgage in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 29 increasing their positions, 29 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

18% more capital invested

Capital invested by funds: $183M → $216M (+$33.4M)

4% more funds holding

Funds holding: 76 → 79 (+3)

1.5% more ownership

Funds ownership: 68.2% → 69.7% (+1.5%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 29

Holders
79
Holders Change
+3
Holders Change %
+3.95%
% of All Funds
2.56%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
7
Increased
29
Reduced
29
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Portolan Capital Management
Massachusetts
+$2.8M
2
MPAM
Monarch Partners Asset Management
Massachusetts
+$2.36M
3
LSV Asset Management
LSV Asset Management
Illinois
+$1.22M
4
BFA
BlackRock Fund Advisors
California
+$976K
5
PFMOSF
Philadelphia Financial Management of San Francisco
California
+$500K

Top Sellers

Rank Fund Capital Flow
1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$624K
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$607K
3
NI
Numeric Investors
Massachusetts
-$486K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$432K
5
First Trust Advisors
First Trust Advisors
Illinois
-$392K
Name Holding Trade Value Shares
Change 		Change in
Stake
BIM
26
BlackRock Investment Management
Delaware
$1.2M +$17.8K +548 +2%
JIR
27
James Investment Research
Ohio
$974K +$78.7K +2,420 +9%
State Board of Administration of Florida Retirement System
28
State Board of Administration of Florida Retirement System
Florida
$823K – – –
Charles Schwab
29
Charles Schwab
California
$810K +$37.8K +1,164 +5%
HCM
30
Horrell Capital Management
Arkansas
$794K – – –
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$781K -$7.09K -218 -0.9%
RFC
32
Russell Frank Company
Washington
$779K -$312K -9,587 -29%
Boston Partners
33
Boston Partners
Massachusetts
$699K +$33K +1,016 +5%
Morgan Stanley
34
Morgan Stanley
New York
$696K -$327K -10,059 -33%
MC
35
Menta Capital
California
$693K – – –
Los Angeles Capital Management
36
Los Angeles Capital Management
California
$631K -$13.3K -410 -2%
Prudential Financial
37
Prudential Financial
New Jersey
$622K +$78K +2,400 +15%
PPA
38
Parametric Portfolio Associates
Washington
$620K -$8.91K -274 -1%
California State Teachers Retirement System (CalSTRS)
39
California State Teachers Retirement System (CalSTRS)
California
$618K +$18.3K +564 +3%
Renaissance Technologies
40
Renaissance Technologies
New York
$591K -$387K -11,900 -40%
Deutsche Bank
41
Deutsche Bank
Germany
$541K +$99.1K +3,048 +23%
Invesco
42
Invesco
Georgia
$526K +$53.3K +1,639 +12%
TA
43
Teachers Advisors
New York
$503K +$50.3K +1,547 +11%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$492K -$3.22K -99 -0.7%
CS
45
Credit Suisse
Switzerland
$492K +$5.07K +156 +1%
ACM
46
Ativo Capital Management
Illinois
$459K +$447K +13,747 New
Citadel Advisors
47
Citadel Advisors
Florida
$394K -$338K -10,403 -47%
AQR Capital Management
48
AQR Capital Management
Connecticut
$368K +$4.81K +148 +1%
VOYA Investment Management
49
VOYA Investment Management
Georgia
$361K – – –
SCM
50
Sterling Capital Management
North Carolina
$350K -$57K -1,755 -14%
1
2
3 4

AGM Hedge Fund Activity: Q3 2013 in Review

79 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Federal Agricultural Mortgage (AGM) for Q3 2013, worth a combined $216M — up 18% from $183M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new AGM positions and 4 closed out — a net gain of 3 holders — while 29 added to existing stakes and 29 trimmed.

The largest buyer was Portolan Capital Management, adding an estimated $2.8M. The largest seller was Lord, Abbett & Co, cutting an estimated $624K.

  • 79 institutional investors held Federal Agricultural Mortgage (AGM) as of Q3 2013, up from 76 in Q2 2013.
  • Funds reported $216M of Federal Agricultural Mortgage stock for Q3 2013, up 18% quarter-over-quarter.
  • 7 funds opened new Federal Agricultural Mortgage positions in Q3 2013 and 4 closed out, a net change of +3 holders.
  • The largest Federal Agricultural Mortgage buyer in Q3 2013 was Portolan Capital Management, an estimated $2.8M added.
  • The largest Federal Agricultural Mortgage seller in Q3 2013 was Lord, Abbett & Co, an estimated $624K sold.

Based on aggregated 13F filings for Q3 2013.