American Express
AXP
1,218 hedge funds and large institutions have $79.1B invested in American Express in 2014 Q1 according to their latest regulatory filings, with 91 funds opening new positions, 384 increasing their positions, 540 reducing their positions, and 63 closing their positions.
44% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 63
1% more funds holding
Funds holding: 1,205 → 1,218 (+13)
0.03% more ownership
Funds ownership: 82.94% → 82.97% (+0.03%)
2% less capital invested
Capital invested by funds: $80.9B → $79.1B (-$1.84B)
11% less call options, than puts
Call options by funds: $503M | Put options by funds: $564M
13% less funds holding in top 10
Funds holding in top 10: 86 → 75 (-11)
29% less repeat investments, than reductions
Existing positions increased: 384 | Existing positions reduced: 540
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$268M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$223M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$152M |
| 4 |
ClearBridge Investments
New York
|
+$138M |
| 5 |
MC
Montag & Caldwell
Atlanta,
Georgia
|
+$98.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$700M |
| 2 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$399M |
| 3 |
IIS
Ignis Investment Services
Edinburgh,
United Kingdom
|
-$396M |
| 4 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$243M |
| 5 |
State Street
Boston,
Massachusetts
|
-$166M |
AXP Hedge Fund Activity: Q1 2014 in Review
1,218 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in American Express (AXP) for Q1 2014, worth a combined $79.1B — down 2.3% from $80.9B a quarter earlier.
Buyers outnumbered sellers: 91 funds opened new AXP positions and 63 closed out — a net gain of 28 holders — while 384 added to existing stakes and 540 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $268M. The largest seller was Davis Selected Advisers, cutting an estimated $700M.
- 1,218 institutional investors held American Express (AXP) as of Q1 2014, up from 1,205 in Q4 2013.
- Funds reported $79.1B of American Express stock for Q1 2014, down 2.3% quarter-over-quarter.
- 91 funds opened new American Express positions in Q1 2014 and 63 closed out, a net change of +28 holders.
- The largest American Express buyer in Q1 2014 was Baillie Gifford & Co, an estimated $268M added.
- The largest American Express seller in Q1 2014 was Davis Selected Advisers, an estimated $700M sold.
Based on aggregated 13F filings for Q1 2014.