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Assured Guaranty

271 hedge funds and large institutions have $4.38B invested in Assured Guaranty in 2017 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 102 increasing their positions, 100 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 37

1.71% more ownership

Funds ownership: 93.44%95.15% (+1.7%)

2% more repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 100

5% less capital invested

Capital invested by funds: $4.6B → $4.38B (-$218M)

1% less funds holding

Funds holding: 275271 (-4)

21% less call options, than puts

Call options by funds: $39.2M | Put options by funds: $50M

44% less funds holding in top 10

Funds holding in top 10: 1810 (-8)

Holders
271
Holders Change
-4
Holders Change %
-1.45%
% of All Funds
6.75%
Holding in Top 10
10
Holding in Top 10 Change
-8
Holding in Top 10 Change %
-44.44%
% of All Funds
0.25%
New
41
Increased
102
Reduced
100
Closed
37
Calls
$39.2M
Puts
$50M
Net Calls
-$10.7M
Net Calls Change
-$48.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$39.5M +$1.65M +41,574 +4%
Victory Capital Management
27
Victory Capital Management
Texas
$38M +$4.42M +111,468 +12%
JP Morgan Chase
28
JP Morgan Chase
New York
$37.4M -$86.6K -2,184 -0.2%
VCM
29
Venor Capital Management
New York
$35.6M +$5.85M +147,396 +18%
Principal Financial Group
30
Principal Financial Group
Iowa
$34.2M +$5.55M +139,856 +18%
LSV Asset Management
31
LSV Asset Management
Illinois
$33.8M +$171K +4,300 +0.5%
Russell Investments Group
32
Russell Investments Group
United Kingdom
$33.7M -$13.3M -334,774 -27%
Alyeska Investment Group
33
Alyeska Investment Group
Illinois
$32.9M -$15.6M -392,239 -31%
Los Angeles Capital Management
34
Los Angeles Capital Management
California
$31.6M +$10.3M +260,695 +44%
Robeco Institutional Asset Management
35
Robeco Institutional Asset Management
Netherlands
$30.9M +$16.5M +415,958 +100%
TAM
36
Taylor Asset Management
Ontario, Canada
$30.3M -$2.71M -68,400 -8%
PFMOSF
37
Philadelphia Financial Management of San Francisco
California
$26.7M -$14.4M -363,184 -34%
CRM
38
Capital Returns Management
New York
$26.4M +$948K +23,900 +3%
Manulife (Manufacturers Life Insurance)
39
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$26M -$3.41M -86,072 -11%
AG
40
Aperio Group
California
$24.4M +$1.57M +39,648 +6%
UBS AM
41
UBS AM
Illinois
$22.6M -$2.27M -57,194 -9%
Charles Schwab
42
Charles Schwab
California
$22.3M +$1.91M +48,245 +9%
ERM
43
Elm Ridge Management
New York
$21M -$6.09M -153,501 -21%
SCM
44
Schneider Capital Management
Pennsylvania
$19.9M +$79.3K +2,000 +0.4%
Bank of New York Mellon
45
Bank of New York Mellon
New York
$19.8M +$390K +9,821 +2%
Bank of America
46
Bank of America
North Carolina
$19.8M -$218K -5,506 -1%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$19.7M -$710K -17,900 -3%
Axa
48
Axa
France
$19.6M -$1.03M -26,000 -5%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$19.3M +$2.14M +54,071 +12%
Invesco
50
Invesco
Georgia
$18.8M -$11.7M -294,088 -37%

AGO Hedge Fund Activity: Q1 2017 in Review

271 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Assured Guaranty (AGO) for Q1 2017, worth a combined $4.38B — down 4.7% from $4.6B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new AGO positions and 37 closed out — a net gain of 4 holders — while 102 added to existing stakes and 100 trimmed.

The largest buyer was BlackRock, adding an estimated $240M. The largest seller was OppenheimerFunds, cutting an estimated $68.2M.

  • 271 institutional investors held Assured Guaranty (AGO) as of Q1 2017, down from 275 in Q4 2016.
  • Funds reported $4.38B of Assured Guaranty stock for Q1 2017, down 4.7% quarter-over-quarter.
  • 41 funds opened new Assured Guaranty positions in Q1 2017 and 37 closed out, a net change of +4 holders.
  • The largest Assured Guaranty buyer in Q1 2017 was BlackRock, an estimated $240M added.
  • The largest Assured Guaranty seller in Q1 2017 was OppenheimerFunds, an estimated $68.2M sold.

Based on aggregated 13F filings for Q1 2017.