Allstate
1,170 hedge funds and large institutions have $22.4B invested in Allstate in 2023 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 338 increasing their positions, 528 reducing their positions, and 160 closing their positions.
44% more call options, than puts
Call options by funds: $213M | Put options by funds: $149M
0.04% less ownership
Funds ownership: 76.64% → 76.6% (-0.04%)
7% less funds holding
Funds holding: 1,258 → 1,170 (-88)
18% less capital invested
Capital invested by funds: $27.2B → $22.4B (-$4.87B)
36% less repeat investments, than reductions
Existing positions increased: 338 | Existing positions reduced: 528
39% less first-time investments, than exits
New positions opened: 98 | Existing positions closed: 160
47% less funds holding in top 10
Funds holding in top 10: 17 → 9 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$381M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$113M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$109M |
| 4 |
Millennium Management
New York
|
+$104M |
| 5 |
PCM
Palestra Capital Management
New York
|
+$78.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$312M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$248M |
| 3 |
State Street
Boston,
Massachusetts
|
-$139M |
| 4 |
BCPEMI
Bain Capital Public Equity Management II
Boston,
Massachusetts
|
-$136M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$136M |
ALL Hedge Fund Activity: Q1 2023 in Review
1,170 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Allstate (ALL) for Q1 2023, worth a combined $22.4B — down 18% from $27.2B a quarter earlier.
Sellers outnumbered buyers: 160 funds closed out of ALL and 98 opened new positions — a net loss of 62 holders — while 528 trimmed existing stakes and 338 added.
The largest buyer was Diamond Hill Capital Management, opening a new position worth an estimated $381M. The largest seller was DZ Bank, cutting an estimated $312M.
- 1,170 institutional investors held Allstate (ALL) as of Q1 2023, down from 1,258 in Q4 2022.
- Funds reported $22.4B of Allstate stock for Q1 2023, down 18% quarter-over-quarter.
- 98 funds opened new Allstate positions in Q1 2023 and 160 closed out, a net change of -62 holders.
- The largest Allstate buyer in Q1 2023 was Diamond Hill Capital Management, an estimated $381M added.
- The largest Allstate seller in Q1 2023 was DZ Bank, an estimated $312M sold.
Based on aggregated 13F filings for Q1 2023.