Federal Agricultural Mortgage
AGM
124 hedge funds and large institutions have $414M invested in Federal Agricultural Mortgage in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 50 increasing their positions, 37 reducing their positions, and 17 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 37
0.54% more ownership
Funds ownership: 74.38% → 74.91% (+0.54%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 128 → 124 (-4)
16% less capital invested
Capital invested by funds: $491M → $414M (-$76.9M)
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
71% less call options, than puts
Call options by funds: $236K | Put options by funds: $822K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$8.74M |
| 2 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$3.9M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.86M |
| 4 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
+$1.7M |
| 5 |
M2MC
Matthew 25 Management Corp
Ambler,
Pennsylvania
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$4.54M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$2.09M |
| 3 |
SCM
Sterling Capital Management
Charlotte,
North Carolina
|
-$1.55M |
| 4 |
Morgan Stanley
New York
|
-$1.42M |
| 5 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
-$1.41M |
AGM Hedge Fund Activity: Q4 2018 in Review
124 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Federal Agricultural Mortgage (AGM) for Q4 2018, worth a combined $414M — down 16% from $491M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of AGM and 14 opened new positions — a net loss of 3 holders — while 37 trimmed existing stakes and 50 added.
The largest buyer was BlackRock, adding an estimated $8.74M. The largest seller was Royce & Associates, exiting entirely with an estimated $4.54M sold.
- 124 institutional investors held Federal Agricultural Mortgage (AGM) as of Q4 2018, down from 128 in Q3 2018.
- Funds reported $414M of Federal Agricultural Mortgage stock for Q4 2018, down 16% quarter-over-quarter.
- 14 funds opened new Federal Agricultural Mortgage positions in Q4 2018 and 17 closed out, a net change of -3 holders.
- The largest Federal Agricultural Mortgage buyer in Q4 2018 was BlackRock, an estimated $8.74M added.
- The largest Federal Agricultural Mortgage seller in Q4 2018 was Royce & Associates, an estimated $4.54M sold.
Based on aggregated 13F filings for Q4 2018.