American Express
AXP
1,300 hedge funds and large institutions have $66.6B invested in American Express in 2017 Q3 according to their latest regulatory filings, with 96 funds opening new positions, 382 increasing their positions, 547 reducing their positions, and 50 closing their positions.
92% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 50
13% more funds holding in top 10
Funds holding in top 10: 52 → 59 (+7)
6% more capital invested
Capital invested by funds: $62.5B → $66.6B (+$4.03B)
3% more funds holding
Funds holding: 1,264 → 1,300 (+36)
0.17% more ownership
Funds ownership: 83.13% → 83.3% (+0.17%)
30% less call options, than puts
Call options by funds: $627M | Put options by funds: $897M
30% less repeat investments, than reductions
Existing positions increased: 382 | Existing positions reduced: 547
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$150M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$141M |
| 3 |
TAM
Troy Asset Management
London,
United Kingdom
|
+$137M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$129M |
| 5 |
Janus Henderson Group
London,
|
+$82.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
-$292M |
| 2 |
BlackRock
New York
|
-$204M |
| 3 |
T
Thomaspartners
Boston,
Massachusetts
|
-$190M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$176M |
| 5 |
Renaissance Technologies
New York
|
-$102M |
AXP Hedge Fund Activity: Q3 2017 in Review
1,300 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in American Express (AXP) for Q3 2017, worth a combined $66.6B — up 6.5% from $62.5B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new AXP positions and 50 closed out — a net gain of 46 holders — while 382 added to existing stakes and 547 trimmed.
The largest buyer was Bank of America, adding an estimated $150M. The largest seller was First Eagle Investment Management, cutting an estimated $292M.
- 1,300 institutional investors held American Express (AXP) as of Q3 2017, up from 1,264 in Q2 2017.
- Funds reported $66.6B of American Express stock for Q3 2017, up 6.5% quarter-over-quarter.
- 96 funds opened new American Express positions in Q3 2017 and 50 closed out, a net change of +46 holders.
- The largest American Express buyer in Q3 2017 was Bank of America, an estimated $150M added.
- The largest American Express seller in Q3 2017 was First Eagle Investment Management, an estimated $292M sold.
Based on aggregated 13F filings for Q3 2017.