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Assured Guaranty

236 hedge funds and large institutions have $3.13B 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 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

60% more repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 63

52% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 31

6% more funds holding

Funds holding: 222236 (+14)

4% more ownership

Funds ownership: 87.76%91.76% (+4%)

15% less capital invested

Capital invested by funds: $3.68B → $3.13B (-$547M)

21% less funds holding in top 10

Funds holding in top 10: 1915 (-4)

37% less call options, than puts

Call options by funds: $91.6M | Put options by funds: $144M

Holders
236
Holders Change
+14
Holders Change %
+6.31%
% of All Funds
7.65%
Holding in Top 10
15
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-21.05%
% of All Funds
0.49%
New
47
Increased
101
Reduced
63
Closed
31
Calls
$91.6M
Puts
$144M
Net Calls
-$52.8M
Net Calls Change
-$19M
Name Holding Trade Value Shares
Change
Change in
Stake
IPC
1
Invesco Private Capital
New York
$278M
Wellington Management Group
2
Wellington Management Group
Massachusetts
$216M -$75.2M -3,556,236 -24%
Vanguard Group
3
Vanguard Group
Pennsylvania
$161M -$5.49M -259,534 -3%
FCP
4
Fine Capital Partners
New York
$130M +$13M +614,098 +10%
MCM
5
Moore Capital Management
New York
$130M +$11.4M +538,442 +8%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$117M -$32M -1,512,909 -19%
AC
7
Amici Capital
New York
$113M +$21.9M +1,037,250 +21%
SCM
8
Scopia Capital Management
New York
$106M +$9.05M +427,956 +8%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$97.7M -$73.5M -3,473,524 -40%
Capital Research Global Investors
10
Capital Research Global Investors
California
$89.5M
PI
11
Putnam Investments
Massachusetts
$78.8M +$9.7M +458,608 +12%
TCM
12
TimesSquare Capital Management
New York
$78.4M +$13.7M +648,575 +18%
BIT
13
BlackRock Institutional Trust
California
$74M -$13.5M -636,736 -14%
O
14
OppenheimerFunds
New York
$67.5M +$28.2M +1,333,075 +59%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$55.1M +$3.26M +154,155 +6%
State Street
16
State Street
Massachusetts
$46.3M -$176K -8,309 -0.3%
Renaissance Technologies
17
Renaissance Technologies
New York
$46.1M +$42.8M +2,025,100 +465%
SCM
18
Sterling Capital Management
North Carolina
$42.1M +$2.2M +104,074 +5%
TCA
19
Taconic Capital Advisors
New York
$41.5M -$5.08M -240,000 -10%
BM
20
Bridger Management
New York
$41.3M
MVP
21
Miller Value Partners
Florida
$37.2M +$1.44M +68,025 +4%
ERM
22
Elm Ridge Management
New York
$35.4M +$5.48M +258,864 +16%
Deutsche Bank
23
Deutsche Bank
Germany
$30.8M +$13.1M +619,621 +61%
Two Sigma Investments
24
Two Sigma Investments
New York
$30.6M +$32.6M +1,541,999 +1,668%
Norges Bank
25
Norges Bank
Norway
$30.2M

AGO Hedge Fund Activity: Q3 2013 in Review

236 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Assured Guaranty (AGO) for Q3 2013, worth a combined $3.13B — down 15% from $3.68B a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new AGO positions and 31 closed out — a net gain of 16 holders — while 101 added to existing stakes and 63 trimmed.

The largest buyer was Renaissance Technologies, adding an estimated $42.8M. The largest seller was Wellington Management Group, cutting an estimated $75.2M.

  • 236 institutional investors held Assured Guaranty (AGO) as of Q3 2013, up from 222 in Q2 2013.
  • Funds reported $3.13B of Assured Guaranty stock for Q3 2013, down 15% quarter-over-quarter.
  • 47 funds opened new Assured Guaranty positions in Q3 2013 and 31 closed out, a net change of +16 holders.
  • The largest Assured Guaranty buyer in Q3 2013 was Renaissance Technologies, an estimated $42.8M added.
  • The largest Assured Guaranty seller in Q3 2013 was Wellington Management Group, an estimated $75.2M sold.

Based on aggregated 13F filings for Q3 2013.