American Express
AXP
1,221 hedge funds and large institutions have $84B invested in American Express in 2014 Q2 according to their latest regulatory filings, with 77 funds opening new positions, 413 increasing their positions, 504 reducing their positions, and 68 closing their positions.
13% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 68
6% more capital invested
Capital invested by funds: $79.2B → $84B (+$4.74B)
0.55% more ownership
Funds ownership: 83.07% → 83.62% (+0.55%)
0% more funds holding
Funds holding: 1,220 → 1,221 (+1)
11% less funds holding in top 10
Funds holding in top 10: 76 → 68 (-8)
11% less call options, than puts
Call options by funds: $526M | Put options by funds: $592M
18% less repeat investments, than reductions
Existing positions increased: 413 | Existing positions reduced: 504
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$767M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$683M |
| 3 |
FAM
Fred Alger Management
New York
|
+$130M |
| 4 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
+$125M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$88.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
-$497M |
| 2 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$209M |
| 3 |
LBG
Lloyds Banking Group
London,
United Kingdom
|
-$126M |
| 4 |
Credit Agricole
Montrouge Cedex,
France
|
-$80.5M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$67.6M |
AXP Hedge Fund Activity: Q2 2014 in Review
1,221 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in American Express (AXP) for Q2 2014, worth a combined $84B — up 6% from $79.2B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new AXP positions and 68 closed out — a net gain of 9 holders — while 413 added to existing stakes and 504 trimmed.
The largest buyer was Norges Bank, adding an estimated $767M. The largest seller was Egerton Capital (UK), exiting entirely with an estimated $497M sold.
- 1,221 institutional investors held American Express (AXP) as of Q2 2014, up from 1,220 in Q1 2014.
- Funds reported $84B of American Express stock for Q2 2014, up 6% quarter-over-quarter.
- 77 funds opened new American Express positions in Q2 2014 and 68 closed out, a net change of +9 holders.
- The largest American Express buyer in Q2 2014 was Norges Bank, an estimated $767M added.
- The largest American Express seller in Q2 2014 was Egerton Capital (UK), an estimated $497M sold.
Based on aggregated 13F filings for Q2 2014.