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Federal Agricultural Mortgage
AGM

128 hedge funds and large institutions have $491M invested in Federal Agricultural Mortgage in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 54 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.68% less ownership

Funds ownership: 75.05% → 74.38% (-0.68%)

10% less funds holding

Funds holding: 143 → 128 (-15)

20% less capital invested

Capital invested by funds: $612M → $491M (-$122M)

22% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 54

52% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 25

65% less call options, than puts

Call options by funds: $628K | Put options by funds: $1.79M

Holders
128
Holders Change
-15
Holders Change %
-10.49%
% of All Funds
2.93%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
42
Reduced
54
Closed
25
Calls
$628K
Puts
$1.79M
Net Calls
-$1.16M
Net Calls Change
+$25K

Top Buyers

1
RHJA
Rice Hall James & Associates
California
+$5.69M
2
BlackRock
BlackRock
New York
+$3.67M
3
SCP
Seizert Capital Partners
Michigan
+$3.61M
4
CCM
Copeland Capital Management
Pennsylvania
+$2.98M
5
WRF
Waddell & Reed Financial
Kansas
+$2.46M

Top Sellers

1
BA
Boston Advisors
Massachusetts
-$3.77M
2
CEP
Chicago Equity Partners
Illinois
-$3.24M
3
Man Group
Man Group
United Kingdom
-$3.12M
4
CAM
ClariVest Asset Management
California
-$2.92M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$2.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
26
Matarin Capital Management
New York
$4.92M -$96.1K -1,133 -2%
TCIM
27
TIAA CREF Investment Management
New York
$4.83M -$2.31M -27,181 -29%
RA
28
Royce & Associates
New York
$4.54M -$539K -6,357 -9%
USAA
29
United Services Automobile Association
Texas
$4.53M +$166K +1,958 +3%
GC
30
Guggenheim Capital
Illinois
$4.36M +$3.48K +41 +0.1%
PPA
31
Parametric Portfolio Associates
Washington
$3.93M -$748K -8,814 -14%
BCM
32
Bridgeway Capital Management
Texas
$3.77M – – –
Morgan Stanley
33
Morgan Stanley
New York
$3.11M +$334K +3,932 +10%
SCP
34
Seizert Capital Partners
Michigan
$3.07M +$3.61M +42,560 New
M2MC
35
Matthew 25 Management Corp
Pennsylvania
$2.96M +$1.15M +13,500 +49%
California Public Employees Retirement System
36
California Public Employees Retirement System
California
$2.89M -$279K -3,294 -8%
AQR Capital Management
37
AQR Capital Management
Connecticut
$2.74M -$2.79M -32,910 -46%
Bank of America
38
Bank of America
North Carolina
$2.69M +$1.72M +20,231 +118%
ACM
39
Argent Capital Management
Missouri
$2.36M – – –
WRF
40
Waddell & Reed Financial
Kansas
$2.09M +$2.46M +29,000 New
Deutsche Bank
41
Deutsche Bank
Germany
$1.91M +$598K +7,048 +36%
Allianz Asset Management
42
Allianz Asset Management
Germany
$1.59M -$704K -8,297 -27%
SCM
43
Sterling Capital Management
North Carolina
$1.55M -$933 -11 -0.1%
AllianceBernstein
44
AllianceBernstein
Tennessee
$1.54M -$1.06M -12,530 -37%
Citadel Advisors
45
Citadel Advisors
Florida
$1.53M +$1.52M +17,904 +532%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$1.51M -$746K -8,789 -30%
Federated Hermes
47
Federated Hermes
Pennsylvania
$1.49M -$16.8K -198 -1%
BPM
48
Bowling Portfolio Management
Ohio
$1.41M -$151K -1,778 -8%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$1.39M – – –
EVC
50
Eidelman Virant Capital
Missouri
$1.32M – – –
1
2
3 4 5

AGM Hedge Fund Activity: Q3 2018 in Review

128 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Federal Agricultural Mortgage (AGM) for Q3 2018, worth a combined $491M — down 20% from $612M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of AGM and 12 opened new positions — a net loss of 13 holders — while 54 trimmed existing stakes and 42 added.

The largest buyer was Rice Hall James & Associates, adding an estimated $5.69M. The largest seller was Boston Advisors, exiting entirely with an estimated $3.77M sold.

  • 128 institutional investors held Federal Agricultural Mortgage (AGM) as of Q3 2018, down from 143 in Q2 2018.
  • Funds reported $491M of Federal Agricultural Mortgage stock for Q3 2018, down 20% quarter-over-quarter.
  • 12 funds opened new Federal Agricultural Mortgage positions in Q3 2018 and 25 closed out, a net change of -13 holders.
  • The largest Federal Agricultural Mortgage buyer in Q3 2018 was Rice Hall James & Associates, an estimated $5.69M added.
  • The largest Federal Agricultural Mortgage seller in Q3 2018 was Boston Advisors, an estimated $3.77M sold.

Based on aggregated 13F filings for Q3 2018.