Assured Guaranty
236 hedge funds and large institutions have $3.22B invested in Assured Guaranty in 2013 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 101 increasing their positions, 63 reducing their positions, and 32 closing their positions.
60% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 63
47% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 32
6% more funds holding
Funds holding: 223 → 236 (+13)
3.67% more ownership
Funds ownership: 90.01% → 93.68% (+3.7%)
15% less capital invested
Capital invested by funds: $3.78B → $3.22B (-$561M)
25% less funds holding in top 10
Funds holding in top 10: 20 → 15 (-5)
37% less call options, than puts
Call options by funds: $91.6M | Put options by funds: $145M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
+$104M |
| 2 |
Renaissance Technologies
New York
|
+$42.8M |
| 3 |
Two Sigma Investments
New York
|
+$32.6M |
| 4 |
Axa
Paris,
France
|
+$23.3M |
| 5 |
AC
Amici Capital
New York
|
+$21.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SAB Capital Management
New York
|
-$94.4M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$75.2M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$73.5M |
| 4 |
PC
PointState Capital
New York
|
-$69.4M |
| 5 |
VCM
Venor Capital Management
New York
|
-$45.4M |
AGO Hedge Fund Activity: Q3 2013 in Review
236 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Assured Guaranty (AGO) for Q3 2013, worth a combined $3.22B — down 15% from $3.78B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new AGO positions and 32 closed out — a net gain of 15 holders — while 101 added to existing stakes and 63 trimmed.
The largest buyer was OppenheimerFunds, adding an estimated $104M. The largest seller was SAB Capital Management, exiting entirely with an estimated $94.4M sold.
- 236 institutional investors held Assured Guaranty (AGO) as of Q3 2013, up from 223 in Q2 2013.
- Funds reported $3.22B of Assured Guaranty stock for Q3 2013, down 15% quarter-over-quarter.
- 47 funds opened new Assured Guaranty positions in Q3 2013 and 32 closed out, a net change of +15 holders.
- The largest Assured Guaranty buyer in Q3 2013 was OppenheimerFunds, an estimated $104M added.
- The largest Assured Guaranty seller in Q3 2013 was SAB Capital Management, an estimated $94.4M sold.
Based on aggregated 13F filings for Q3 2013.