AutoNation
257 hedge funds and large institutions have $3.37B invested in AutoNation in 2017 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 80 increasing their positions, 88 reducing their positions, and 60 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
8% more capital invested
Capital invested by funds: $3.13B → $3.37B (+$242M)
9% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 88
2.57% less ownership
Funds ownership: 73.21% → 70.64% (-2.6%)
9% less funds holding
Funds holding: 283 → 257 (-26)
37% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 60
43% less call options, than puts
Call options by funds: $31.2M | Put options by funds: $55M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$75.2M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$50.9M |
| 3 |
SO
STRS Ohio
Columbus,
Ohio
|
+$36.6M |
| 4 |
Harris Associates
Chicago,
Illinois
|
+$31.6M |
| 5 |
CCM
Check Capital Management
Costa Mesa,
California
|
+$23.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$87.3M |
| 2 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$77.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$41.1M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$40.9M |
| 5 |
State Street
Boston,
Massachusetts
|
-$26.2M |
AN Hedge Fund Activity: Q3 2017 in Review
257 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in AutoNation (AN) for Q3 2017, worth a combined $3.37B — up 7.8% from $3.13B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of AN and 38 opened new positions — a net loss of 22 holders — while 88 trimmed existing stakes and 80 added.
The largest buyer was BlackRock, adding an estimated $75.2M. The largest seller was Burgundy Asset Management, cutting an estimated $87.3M.
- 257 institutional investors held AutoNation (AN) as of Q3 2017, down from 283 in Q2 2017.
- Funds reported $3.37B of AutoNation stock for Q3 2017, up 7.8% quarter-over-quarter.
- 38 funds opened new AutoNation positions in Q3 2017 and 60 closed out, a net change of -22 holders.
- The largest AutoNation buyer in Q3 2017 was BlackRock, an estimated $75.2M added.
- The largest AutoNation seller in Q3 2017 was Burgundy Asset Management, an estimated $87.3M sold.
Based on aggregated 13F filings for Q3 2017.