Federal Agricultural Mortgage
AGM
140 hedge funds and large institutions have $547M invested in Federal Agricultural Mortgage in 2019 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 39 increasing their positions, 45 reducing their positions, and 7 closing their positions.
314% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 7
19% more funds holding
Funds holding: 118 → 140 (+22)
12% more capital invested
Capital invested by funds: $486M → $547M (+$60.8M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.08% less ownership
Funds ownership: 73.01% → 72.93% (-0.08%)
13% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 45
25% less call options, than puts
Call options by funds: $664K | Put options by funds: $882K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$13.2M |
| 2 |
CCM
Copeland Capital Management
Conshohocken,
Pennsylvania
|
+$1.41M |
| 3 |
CAM
ClariVest Asset Management
San Diego,
California
|
+$1.39M |
| 4 |
MSL
Mackay Shields LLC
New York
|
+$1.34M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$7.45M |
| 2 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
-$3.68M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$2.99M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$2.81M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
-$2.77M |
AGM Hedge Fund Activity: Q3 2019 in Review
140 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Federal Agricultural Mortgage (AGM) for Q3 2019, worth a combined $547M — up 12% from $486M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new AGM positions and 7 closed out — a net gain of 22 holders — while 39 added to existing stakes and 45 trimmed.
The largest buyer was Principal Financial Group, opening a new position worth an estimated $13.2M. The largest seller was Goldman Sachs, cutting an estimated $7.45M.
- 140 institutional investors held Federal Agricultural Mortgage (AGM) as of Q3 2019, up from 118 in Q2 2019.
- Funds reported $547M of Federal Agricultural Mortgage stock for Q3 2019, up 12% quarter-over-quarter.
- 29 funds opened new Federal Agricultural Mortgage positions in Q3 2019 and 7 closed out, a net change of +22 holders.
- The largest Federal Agricultural Mortgage buyer in Q3 2019 was Principal Financial Group, an estimated $13.2M added.
- The largest Federal Agricultural Mortgage seller in Q3 2019 was Goldman Sachs, an estimated $7.45M sold.
Based on aggregated 13F filings for Q3 2019.