Aon
457 hedge funds and large institutions have $21.4B invested in Aon in 2013 Q4 according to their latest regulatory filings, with 73 funds opening new positions, 124 increasing their positions, 194 reducing their positions, and 30 closing their positions.
143% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 30
15% more capital invested
Capital invested by funds: $18.6B → $21.4B (+$2.8B)
13% more funds holding in top 10
Funds holding in top 10: 24 → 27 (+3)
10% more funds holding
Funds holding: 417 → 457 (+40)
3.35% more ownership
Funds ownership: 81.62% → 84.97% (+3.3%)
15% less call options, than puts
Call options by funds: $218M | Put options by funds: $255M
36% less repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 194
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$544M |
| 2 |
TCM
Tran Capital Management
San Rafael,
California
|
+$258M |
| 3 |
JP Morgan Chase
New York
|
+$218M |
| 4 |
O
OppenheimerFunds
New York
|
+$178M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$148M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$411M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$132M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$130M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$118M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
-$85.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GCM
476
Glaxis Capital Management
Sarasota,
Florida
| – | -$372K | -5,000 | Closed |
|
|
BOTW
477
Bank of the West
Monterey Park,
California
| – | -$287K | -3,864 | Closed |
|
|
MF
478
Magnetar Financial
Evanston,
Illinois
| – | -$278K | -3,732 | Closed |
|
|
DI
479
Dalton Investments
Las Vegas,
Nevada
| – | -$223K | -3,000 | Closed |
|
|
OAM
480
Orinda Asset Management
Lafayette,
California
| – | -$30K | -400 | Closed |
|
|
TCM
481
Tributary Capital Management
Omaha,
Nebraska
| – | -$13K | -175 | Closed |
|
482
Group One Trading
Chicago,
Illinois
| – | -$7K | -100 | Closed |
|
|
FHA
483
First Horizon Advisors
Memphis,
Tennessee
| – | -$6K | -80 | Closed |
|
|
EWM
484
Evercore Wealth Management
New York
| – | -$4K | -42 | Closed |
|
|
WA
485
WFG Advisors
Dallas,
Texas
| – | -$3K | -41 | Closed |
|
|
BC
486
Bartlett & Co
Cincinnati,
Ohio
| – | -$2K | -26 | Closed |
|
487
Jones Financial Companies
Des Peres,
Missouri
| – | -$2K | -23 | Closed |
|
AON Hedge Fund Activity: Q4 2013 in Review
457 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Aon (AON) for Q4 2013, worth a combined $21.4B — up 15% from $18.6B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new AON positions and 30 closed out — a net gain of 43 holders — while 124 added to existing stakes and 194 trimmed.
The largest buyer was Harris Associates, adding an estimated $544M. The largest seller was Southeastern Asset Management, cutting an estimated $411M.
- 457 institutional investors held Aon (AON) as of Q4 2013, up from 417 in Q3 2013.
- Funds reported $21.4B of Aon stock for Q4 2013, up 15% quarter-over-quarter.
- 73 funds opened new Aon positions in Q4 2013 and 30 closed out, a net change of +43 holders.
- The largest Aon buyer in Q4 2013 was Harris Associates, an estimated $544M added.
- The largest Aon seller in Q4 2013 was Southeastern Asset Management, an estimated $411M sold.
Based on aggregated 13F filings for Q4 2013.