AutoZone
AZO
474 hedge funds and large institutions have $16.3B invested in AutoZone in 2014 Q1 according to their latest regulatory filings, with 60 funds opening new positions, 144 increasing their positions, 188 reducing their positions, and 29 closing their positions.
107% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 29
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
7% more capital invested
Capital invested by funds: $15.1B → $16.3B (+$1.13B)
4% more funds holding
Funds holding: 455 → 474 (+19)
2.72% less ownership
Funds ownership: 94.35% → 91.63% (-2.7%)
23% less repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 188
35% less call options, than puts
Call options by funds: $235M | Put options by funds: $359M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$241M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$172M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$142M |
| 4 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$66.8M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
+$46.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$657M |
| 2 |
CGI
CI Global Investments
Oakland,
California
|
-$116M |
| 3 |
O
OppenheimerFunds
New York
|
-$110M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$78.5M |
| 5 |
D.E. Shaw & Co
New York
|
-$68M |
AZO Hedge Fund Activity: Q1 2014 in Review
474 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in AutoZone (AZO) for Q1 2014, worth a combined $16.3B — up 7.4% from $15.1B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new AZO positions and 29 closed out — a net gain of 31 holders — while 144 added to existing stakes and 188 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $241M. The largest seller was JP Morgan Chase, cutting an estimated $657M.
- 474 institutional investors held AutoZone (AZO) as of Q1 2014, up from 455 in Q4 2013.
- Funds reported $16.3B of AutoZone stock for Q1 2014, up 7.4% quarter-over-quarter.
- 60 funds opened new AutoZone positions in Q1 2014 and 29 closed out, a net change of +31 holders.
- The largest AutoZone buyer in Q1 2014 was Fidelity Investments, an estimated $241M added.
- The largest AutoZone seller in Q1 2014 was JP Morgan Chase, an estimated $657M sold.
Based on aggregated 13F filings for Q1 2014.