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Assured Guaranty

245 hedge funds and large institutions have $4.07B invested in Assured Guaranty in 2014 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 109 increasing their positions, 74 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more call options, than puts

Call options by funds: $207M | Put options by funds: $99.1M

50% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 26

47% more repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 74

6% more funds holding

Funds holding: 232245 (+13)

1.14% less ownership

Funds ownership: 93.76%92.61% (-1.1%)

5% less capital invested

Capital invested by funds: $4.3B → $4.07B (-$237M)

21% less funds holding in top 10

Funds holding in top 10: 2419 (-5)

Holders
245
Holders Change
+13
Holders Change %
+5.6%
% of All Funds
7.04%
Holding in Top 10
19
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-20.83%
% of All Funds
0.55%
New
39
Increased
109
Reduced
74
Closed
26
Calls
$207M
Puts
$99.1M
Net Calls
+$108M
Net Calls Change
+$99.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$318M +$31.2M +1,257,957 +11%
Vanguard Group
2
Vanguard Group
Pennsylvania
$221M +$1.41M +56,993 +0.6%
PI
3
Putnam Investments
Massachusetts
$206M +$71.6M +2,888,897 +52%
Goldman Sachs
4
Goldman Sachs
New York
$156M +$115M +4,654,148 +270%
FCP
5
Fine Capital Partners
New York
$139M +$13.5M +544,100 +11%
O
6
OppenheimerFunds
New York
$138M +$5.35M +215,785 +4%
T. Rowe Price Associates
7
T. Rowe Price Associates
Maryland
$122M -$1.02M -41,230 -0.8%
BIT
8
BlackRock Institutional Trust
California
$119M +$19.6M +791,163 +19%
AC
9
Amici Capital
New York
$112M -$15M -603,000 -12%
FTCM
10
Fir Tree Capital Management
New York
$90.7M -$106M -4,288,829 -54%
MCM
11
Moore Capital Management
New York
$88.6M -$31.6M -1,275,942 -26%
SCP
12
Seizert Capital Partners
Michigan
$83.1M +$9.58M +386,162 +13%
TCM
13
TimesSquare Capital Management
New York
$77.5M -$8.32M -335,650 -10%
Norges Bank
14
Norges Bank
Norway
$76.5M +$38.7M +1,560,641 +100%
HCM
15
Hirzel Capital Management
Texas
$73.5M +$9.92M +400,000 +15%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$68.7M +$1.03M +41,340 +1%
VCM
17
Venor Capital Management
New York
$62.5M +$91.8K +3,700 +0.1%
Marshall Wace
18
Marshall Wace
United Kingdom
$61.2M +$41.1M +1,656,515 +197%
BM
19
Bridger Management
New York
$57.6M +$8.68M +350,000 +18%
SCM
20
Sterling Capital Management
North Carolina
$56.1M -$6.41M -258,527 -10%
State Street
21
State Street
Massachusetts
$54.8M -$1.08M -43,541 -2%
Schroder Investment Management Group
22
Schroder Investment Management Group
United Kingdom
$50.9M +$14.7M +593,400 +40%
MVP
23
Miller Value Partners
Florida
$49.8M -$771K -31,100 -2%
CLG
24
Cooperman Leon G
$47.4M -$7.94M -320,100 -14%
ERM
25
Elm Ridge Management
New York
$45.8M -$514K -20,710 -1%

AGO Hedge Fund Activity: Q2 2014 in Review

245 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Assured Guaranty (AGO) for Q2 2014, worth a combined $4.07B — down 5.5% from $4.3B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new AGO positions and 26 closed out — a net gain of 13 holders — while 109 added to existing stakes and 74 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $115M. The largest seller was Invesco Private Capital, exiting entirely with an estimated $275M sold.

  • 245 institutional investors held Assured Guaranty (AGO) as of Q2 2014, up from 232 in Q1 2014.
  • Funds reported $4.07B of Assured Guaranty stock for Q2 2014, down 5.5% quarter-over-quarter.
  • 39 funds opened new Assured Guaranty positions in Q2 2014 and 26 closed out, a net change of +13 holders.
  • The largest Assured Guaranty buyer in Q2 2014 was Goldman Sachs, an estimated $115M added.
  • The largest Assured Guaranty seller in Q2 2014 was Invesco Private Capital, an estimated $275M sold.

Based on aggregated 13F filings for Q2 2014.