Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
257 hedge funds and large institutions have $3.39B invested in Sotheby's in 2013 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 85 increasing their positions, 80 reducing their positions, and 35 closing their positions.
74% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 35
11% more funds holding
Funds holding: 232 → 257 (+25)
6% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 80
2% less capital invested
Capital invested by funds: $3.47B → $3.39B (-$81M)
21% less call options, than puts
Call options by funds: $111M | Put options by funds: $141M
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Marcato Capital Management
San Francisco,
California
|
+$61.8M |
| 2 |
YCMGA
York Capital Management Global Advisors
New York
|
+$51.9M |
| 3 |
Alkeon Capital Management
New York
|
+$29.6M |
| 4 |
Morgan Stanley
New York
|
+$22.6M |
| 5 |
EPCM
Eton Park Capital Management
New York
|
+$13.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$73.3M |
| 2 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$62.6M |
| 3 |
PIM
Platinum Investment Management
Sydney Australia 2000,
Australia
|
-$59.7M |
| 4 |
CI
Cambiar Investors
Denver,
Colorado
|
-$42.8M |
| 5 |
Neuberger Berman Group
New York
|
-$41.6M |
BID Hedge Fund Activity: Q4 2013 in Review
257 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q4 2013, worth a combined $3.39B — down 2.3% from $3.47B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new BID positions and 35 closed out — a net gain of 26 holders — while 85 added to existing stakes and 80 trimmed.
The largest buyer was Marcato Capital Management, adding an estimated $61.8M. The largest seller was Bank of America, cutting an estimated $73.3M.
- 257 institutional investors held Sotheby's (BID) as of Q4 2013, up from 232 in Q3 2013.
- Funds reported $3.39B of Sotheby's stock for Q4 2013, down 2.3% quarter-over-quarter.
- 61 funds opened new Sotheby's positions in Q4 2013 and 35 closed out, a net change of +26 holders.
- The largest Sotheby's buyer in Q4 2013 was Marcato Capital Management, an estimated $61.8M added.
- The largest Sotheby's seller in Q4 2013 was Bank of America, an estimated $73.3M sold.
Based on aggregated 13F filings for Q4 2013.