American Express
AXP
1,206 hedge funds and large institutions have $80.9B invested in American Express in 2013 Q4 according to their latest regulatory filings, with 151 funds opening new positions, 356 increasing their positions, 517 reducing their positions, and 50 closing their positions.
202% more first-time investments, than exits
New positions opened: 151 | Existing positions closed: 50
56% more funds holding in top 10
Funds holding in top 10: 55 → 86 (+31)
20% more capital invested
Capital invested by funds: $67.2B → $80.9B (+$13.7B)
8% more funds holding
Funds holding: 1,116 → 1,206 (+90)
0.41% more ownership
Funds ownership: 82.53% → 82.94% (+0.41%)
16% less call options, than puts
Call options by funds: $701M | Put options by funds: $833M
31% less repeat investments, than reductions
Existing positions increased: 356 | Existing positions reduced: 517
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$565M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$193M |
| 3 |
Alkeon Capital Management
New York
|
+$140M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$138M |
| 5 |
State Street
Boston,
Massachusetts
|
+$86.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$263M |
| 2 |
First Eagle Investment Management
New York
|
-$206M |
| 3 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$152M |
| 4 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$111M |
| 5 |
JP Morgan Chase
New York
|
-$107M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
1251
Laurion Capital Management
New York
| – | -$119K | -1,445 | Closed |
|
|
JT
1252
Jump Trading
Chicago,
Illinois
| – | -$107K | -1,299 | Closed |
|
|
FANJ
1253
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$23K | -300 | Closed |
|
|
RIA
1254
Regal Investment Advisors
Kentwood,
Michigan
| – | -$8K | -100 | Closed |
|
|
PFO
1255
Pathstone Family Office
Englewood,
New Jersey
| – | -$2K | -29 | Closed |
|
1256
Victory Capital Management
San Antonio,
Texas
| – | -$1K | -22 | Closed |
|
1257
Group One Trading
Chicago,
Illinois
| – | +$246 | +3 | New |
|
|
CWM
1258
Cranbrook Wealth Management
Bloomfield Hills,
Michigan
| – | +$4.6K | +56 | New |
|
AXP Hedge Fund Activity: Q4 2013 in Review
1,206 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in American Express (AXP) for Q4 2013, worth a combined $80.9B — up 20% from $67.2B a quarter earlier.
Buyers outnumbered sellers: 151 funds opened new AXP positions and 50 closed out — a net gain of 101 holders — while 356 added to existing stakes and 517 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $565M. The largest seller was AllianceBernstein, cutting an estimated $263M.
- 1,206 institutional investors held American Express (AXP) as of Q4 2013, up from 1,116 in Q3 2013.
- Funds reported $80.9B of American Express stock for Q4 2013, up 20% quarter-over-quarter.
- 151 funds opened new American Express positions in Q4 2013 and 50 closed out, a net change of +101 holders.
- The largest American Express buyer in Q4 2013 was Fidelity Investments, an estimated $565M added.
- The largest American Express seller in Q4 2013 was AllianceBernstein, an estimated $263M sold.
Based on aggregated 13F filings for Q4 2013.