Altisource Portfolio Solutions
ASPS
114 hedge funds and large institutions have $2B invested in Altisource Portfolio Solutions in 2014 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 51 increasing their positions, 28 reducing their positions, and 34 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 28
7% less funds holding in top 10
Funds holding in top 10: 15 → 14 (-1)
10% less funds holding
Funds holding: 126 → 114 (-12)
14% less capital invested
Capital invested by funds: $2.33B → $2B (-$331M)
32% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 34
57% less call options, than puts
Call options by funds: $23.3M | Put options by funds: $54.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$105M |
| 2 |
LCG
Luxor Capital Group
New York
|
+$98.3M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$54.7M |
| 4 |
CC
Cannell & Co
New York
|
+$35.1M |
| 5 |
WEC
White Elm Capital
Greenwich,
Connecticut
|
+$32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SAB Capital Management
New York
|
-$80.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$40.5M |
| 3 |
TEC
Tiger Eye Capital
Nashville,
Tennessee
|
-$32.5M |
| 4 |
MCM
Moore Capital Management
New York
|
-$30.1M |
| 5 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
-$28.2M |
ASPS Hedge Fund Activity: Q1 2014 in Review
114 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Altisource Portfolio Solutions (ASPS) for Q1 2014, worth a combined $2B — down 14% from $2.33B a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of ASPS and 23 opened new positions — a net loss of 11 holders — while 28 trimmed existing stakes and 51 added.
The largest buyer was Putnam Investments, opening a new position worth an estimated $105M. The largest seller was SAB Capital Management, exiting entirely with an estimated $80.1M sold.
- 114 institutional investors held Altisource Portfolio Solutions (ASPS) as of Q1 2014, down from 126 in Q4 2013.
- Funds reported $2B of Altisource Portfolio Solutions stock for Q1 2014, down 14% quarter-over-quarter.
- 23 funds opened new Altisource Portfolio Solutions positions in Q1 2014 and 34 closed out, a net change of -11 holders.
- The largest Altisource Portfolio Solutions buyer in Q1 2014 was Putnam Investments, an estimated $105M added.
- The largest Altisource Portfolio Solutions seller in Q1 2014 was SAB Capital Management, an estimated $80.1M sold.
Based on aggregated 13F filings for Q1 2014.