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Federal Agricultural Mortgage
AGM

130 hedge funds and large institutions have $357M invested in Federal Agricultural Mortgage in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 45 increasing their positions, 50 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

132% more call options, than puts

Call options by funds: $490K | Put options by funds: $211K

2.22% less ownership

Funds ownership: 72.2% → 69.97% (-2.2%)

9% less funds holding

Funds holding: 143 → 130 (-13)

10% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 50

35% less capital invested

Capital invested by funds: $553M → $357M (-$196M)

38% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 26

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
130
Holders Change
-13
Holders Change %
-9.09%
% of All Funds
2.86%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
16
Increased
45
Reduced
50
Closed
26
Calls
$490K
Puts
$211K
Net Calls
+$279K
Net Calls Change
+$972K

Top Buyers

1
Boston Partners
Boston Partners
Massachusetts
+$10.8M
2
Principal Financial Group
Principal Financial Group
Iowa
+$4.6M
3
M2MC
Matthew 25 Management Corp
Pennsylvania
+$2.85M
4
Deutsche Bank
Deutsche Bank
Germany
+$1.32M
5
Loomis, Sayles & Company
Loomis, Sayles & Company
Massachusetts
+$1.32M

Top Sellers

1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$5.66M
2
BlackRock
BlackRock
New York
-$4.99M
3
ACM
Argent Capital Management
Missouri
-$3.65M
4
Prudential Financial
Prudential Financial
New Jersey
-$3.12M
5
CAM
Crown Advisors Management
California
-$2.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$49M -$4.99M -70,152 -7%
Vanguard Group
2
Vanguard Group
Pennsylvania
$35.9M -$58K -815 -0.1%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$29.7M -$5.66M -79,633 -13%
LSV Asset Management
4
LSV Asset Management
Illinois
$26.6M -$1.47M -20,700 -4%
Principal Financial Group
5
Principal Financial Group
Iowa
$20.9M +$4.6M +64,704 +21%
CCM
6
Copeland Capital Management
Pennsylvania
$15.3M -$248K -3,480 -1%
Renaissance Technologies
7
Renaissance Technologies
New York
$13.5M -$235K -3,300 -1%
Boston Partners
8
Boston Partners
Massachusetts
$13.4M +$10.8M +152,328 +170%
N
9
Nuveen
North Carolina
$11M -$1.56M -21,934 -10%
State Street
10
State Street
Massachusetts
$10.7M +$206K +2,893 +2%
RHJA
11
Rice Hall James & Associates
California
$10.4M -$515K -7,245 -4%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$8.53M +$422K +5,934 +4%
Loomis, Sayles & Company
13
Loomis, Sayles & Company
Massachusetts
$7.24M +$1.32M +18,524 +17%
Northern Trust
14
Northern Trust
Illinois
$6.4M +$165K +2,323 +2%
WRM
15
Weybosset Research & Management
Rhode Island
$6.38M +$63.6K +894 +0.8%
Fuller & Thaler Asset Management
16
Fuller & Thaler Asset Management
California
$5.59M -$240K -3,370 -3%
M2MC
17
Matthew 25 Management Corp
Pennsylvania
$5.29M +$2.85M +40,000 +73%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$5.12M -$338K -4,746 -5%
Prudential Financial
19
Prudential Financial
New Jersey
$4.93M -$3.12M -43,808 -33%
Invesco
20
Invesco
Georgia
$3.78M -$491K -6,908 -9%
Charles Schwab
21
Charles Schwab
California
$3.75M +$573K +8,062 +14%
FWSM
22
First Wilshire Securities Management
California
$3.73M +$7.11K +100 +0.1%
Ameriprise
23
Ameriprise
Minnesota
$3.23M +$439K +6,169 +12%
BCM
24
Bridgeway Capital Management
Texas
$2.6M -$669K -9,400 -17%
Hotchkis & Wiley Capital Management
25
Hotchkis & Wiley Capital Management
California
$2.29M -$56.9K -800 -2%
1
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AGM Hedge Fund Activity: Q1 2020 in Review

130 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Federal Agricultural Mortgage (AGM) for Q1 2020, worth a combined $357M — down 35% from $553M a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of AGM and 16 opened new positions — a net loss of 10 holders — while 50 trimmed existing stakes and 45 added.

The largest buyer was Boston Partners, adding an estimated $10.8M. The largest seller was Dimensional Fund Advisors, cutting an estimated $5.66M.

  • 130 institutional investors held Federal Agricultural Mortgage (AGM) as of Q1 2020, down from 143 in Q4 2019.
  • Funds reported $357M of Federal Agricultural Mortgage stock for Q1 2020, down 35% quarter-over-quarter.
  • 16 funds opened new Federal Agricultural Mortgage positions in Q1 2020 and 26 closed out, a net change of -10 holders.
  • The largest Federal Agricultural Mortgage buyer in Q1 2020 was Boston Partners, an estimated $10.8M added.
  • The largest Federal Agricultural Mortgage seller in Q1 2020 was Dimensional Fund Advisors, an estimated $5.66M sold.

Based on aggregated 13F filings for Q1 2020.