Federal Agricultural Mortgage
132 hedge funds and large institutions have $487M invested in Federal Agricultural Mortgage in 2020 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 54 increasing their positions, 38 reducing their positions, and 17 closing their positions.
109% more capital inflows, than outflows
Capital inflows: $39.9M | Capital outflows: $19.1M
42% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 38
3.1% more ownership
Funds ownership: 68.12% → 71.21% (+3.1%)
1% less call options, than puts
Call options by funds: $1.04M | Put options by funds: $1.05M
2% less funds holding
Funds holding: 135 → 132 (-3)
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$8.11M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$8.07M |
| 3 |
GW&K Investment Management
Boston,
Massachusetts
|
+$3.45M |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$2.51M |
| 5 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$1.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$3.25M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$2.34M |
| 3 |
Bridgeway Capital Management
Houston,
Texas
|
-$1.61M |
| 4 |
Millennium Management
New York
|
-$1.02M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$729K |
AGM Hedge Fund Activity: Q4 2020 in Review
132 of the 5,678 institutional investors tracked by Wall St. Rank reported a position in Federal Agricultural Mortgage (AGM) for Q4 2020, worth a combined $487M — up 22% from $399M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of AGM and 14 opened new positions — a net loss of 3 holders — while 38 trimmed existing stakes and 54 added.
The largest buyer was BlackRock, adding an estimated $8.11M. The largest seller was Renaissance Technologies, cutting an estimated $3.25M.
- 132 institutional investors held Federal Agricultural Mortgage (AGM) as of Q4 2020, down from 135 in Q3 2020.
- Funds reported $487M of Federal Agricultural Mortgage stock for Q4 2020, up 22% quarter-over-quarter.
- 14 funds opened new Federal Agricultural Mortgage positions in Q4 2020 and 17 closed out, a net change of -3 holders.
- The largest Federal Agricultural Mortgage buyer in Q4 2020 was BlackRock, an estimated $8.11M added.
- The largest Federal Agricultural Mortgage seller in Q4 2020 was Renaissance Technologies, an estimated $3.25M sold.
Based on aggregated 13F filings for Q4 2020.