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Federal Agricultural Mortgage
AGM

121 hedge funds and large institutions have $494M invested in Federal Agricultural Mortgage in 2017 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 39 increasing their positions, 43 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more capital invested

Capital invested by funds: $445M → $494M (+$48.9M)

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

0% more funds holding

Funds holding: 121 → 121 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.98% less ownership

Funds ownership: 75.78% → 74.8% (-0.98%)

9% less repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 43

58% less call options, than puts

Call options by funds: $1.11M | Put options by funds: $2.65M

Holders
121
Holders Change
–
Holders Change %
0%
% of All Funds
3.02%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
14
Increased
39
Reduced
43
Closed
13
Calls
$1.11M
Puts
$2.65M
Net Calls
-$1.53M
Net Calls Change
-$2.04M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$2.93M
2
MC
Menta Capital
California
+$2.77M
3
TA
Teachers Advisors
New York
+$2.69M
4
Invesco
Invesco
Georgia
+$2.24M
5
3C
361 Capital
Colorado
+$2.11M

Top Sellers

1
NI
Numeric Investors
Massachusetts
-$6.79M
2
AL
AJO LP
Pennsylvania
-$6M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.76M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$2.65M
5
BIM
Bogle Investment Management
Massachusetts
-$1.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$4.6M +$114K +1,683 +3%
GC
27
Guggenheim Capital
Illinois
$4.45M -$15.6K -231 -0.4%
PPA
28
Parametric Portfolio Associates
Washington
$4.43M -$310K -4,597 -7%
JP Morgan Chase
29
JP Morgan Chase
New York
$4.38M +$465K +6,888 +13%
California Public Employees Retirement System
30
California Public Employees Retirement System
California
$4.09M +$148K +2,187 +4%
Morgan Stanley
31
Morgan Stanley
New York
$4.03M -$1.44M -21,296 -28%
ACM
32
Argent Capital Management
Missouri
$3.51M +$495K +7,330 +18%
Deutsche Bank
33
Deutsche Bank
Germany
$3.29M -$1.67M -24,726 -35%
USAA
34
United Services Automobile Association
Texas
$3.22M +$928K +13,740 +45%
Allianz Asset Management
35
Allianz Asset Management
Germany
$3.17M -$11K -163 -0.4%
BCM
36
Bridgeway Capital Management
Texas
$3.07M +$338K +5,000 +13%
CEP
37
Chicago Equity Partners
Illinois
$3M -$27K -400 -1%
MC
38
Menta Capital
California
$2.99M +$2.77M +41,057 New
RA
39
Royce & Associates
New York
$2.81M – – –
Fuller & Thaler Asset Management
40
Fuller & Thaler Asset Management
California
$2.54M +$365K +5,400 +18%
AllianceBernstein
41
AllianceBernstein
Tennessee
$2.39M – – –
3C
42
361 Capital
Colorado
$2.28M +$2.11M +31,329 New
SCA
43
Secor Capital Advisors
New York
$1.86M -$574K -8,508 -25%
Federated Hermes
44
Federated Hermes
Pennsylvania
$1.68M +$10.9K +162 +0.7%
HW
45
Hancock Whitney
Mississippi
$1.66M +$144K +2,138 +10%
MERSOM
46
Municipal Employees' Retirement System of Michigan
Michigan
$1.66M – – –
SCM
47
Sterling Capital Management
North Carolina
$1.56M – – –
CS
48
Credit Suisse
Switzerland
$1.49M +$680K +10,066 +96%
BPM
49
Bowling Portfolio Management
Ohio
$1.49M -$237K -3,506 -15%
WCM
50
Wedge Capital Management
North Carolina
$1.44M -$108K -1,600 -7%
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AGM Hedge Fund Activity: Q3 2017 in Review

121 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Federal Agricultural Mortgage (AGM) for Q3 2017, worth a combined $494M — up 11% from $445M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new AGM positions and 13 closed out — a net gain of 1 holder — while 39 added to existing stakes and 43 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $2.93M. The largest seller was Numeric Investors, cutting an estimated $6.79M.

  • 121 institutional investors held Federal Agricultural Mortgage (AGM) as of Q3 2017, unchanged from Q2 2017.
  • Funds reported $494M of Federal Agricultural Mortgage stock for Q3 2017, up 11% quarter-over-quarter.
  • 14 funds opened new Federal Agricultural Mortgage positions in Q3 2017 and 13 closed out, a net change of +1 holder.
  • The largest Federal Agricultural Mortgage buyer in Q3 2017 was Goldman Sachs, an estimated $2.93M added.
  • The largest Federal Agricultural Mortgage seller in Q3 2017 was Numeric Investors, an estimated $6.79M sold.

Based on aggregated 13F filings for Q3 2017.