Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
213 hedge funds and large institutions have $1.8B invested in Sotheby's in 2016 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 36 increasing their positions, 103 reducing their positions, and 25 closing their positions.
88% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 25
15% more capital invested
Capital invested by funds: $1.56B → $1.8B (+$242M)
10% more funds holding
Funds holding: 193 → 213 (+20)
13% less call options, than puts
Call options by funds: $51.9M | Put options by funds: $59.4M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
65% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 103
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$31.6M |
| 2 |
Goldman Sachs
New York
|
+$9.53M |
| 3 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$8.55M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$6.05M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$5.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SDJVC
St. Denis J. Villere & Co
New Orleans,
Louisiana
|
-$66.4M |
| 2 |
SAMH
Shanda Asset Management Holdings
Tortola,,
British Virgin Islands
|
-$60M |
| 3 |
GCM
Gates Capital Management
New York
|
-$32.7M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$27.4M |
| 5 |
MCM
Marcato Capital Management
San Francisco,
California
|
-$21.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
First Trust Advisors
Wheaton,
Illinois
| – | -$259K | -9,444 | Closed |
|
|
WIS
227
Wright Investors Service
Shelton,
Connecticut
| – | -$235K | -8,565 | Closed |
|
228
Teacher Retirement System of Texas
Austin,
Texas
| – | -$191K | -6,955 | Closed |
|
|
CCA
229
Checchi Capital Advisers
Beverly Hills,
California
| – | -$8K | -300 | Closed |
|
|
CFG
230
Citizens Financial Group
Providence,
Rhode Island
| – | -$3K | -121 | Closed |
|
|
TF
231
Tompkins Financial
Ithaca,
New York
| – | -$1K | -40 | Closed |
|
|
DPA
232
Delphi Private Advisors
San Diego,
California
| – | -$1K | -37 | Closed |
|
|
JG
233
Jefferies Group
New York
| – | -$141 | -4 | -57% |
|
|
OSAM
234
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | +$106 | +3 | New |
|
|
CHP
235
Cable Hill Partners
Portland,
Oregon
| – | +$177 | +5 | New |
|
|
PCP
236
Proficio Capital Partners
Newton,
Massachusetts
| – | +$424 | +12 | New |
|
BID Hedge Fund Activity: Q3 2016 in Review
213 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q3 2016, worth a combined $1.8B — up 15% from $1.56B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new BID positions and 25 closed out — a net gain of 22 holders — while 36 added to existing stakes and 103 trimmed.
The largest buyer was Victory Capital Management, opening a new position worth an estimated $31.6M. The largest seller was St. Denis J. Villere & Co, cutting an estimated $66.4M.
- 213 institutional investors held Sotheby's (BID) as of Q3 2016, up from 193 in Q2 2016.
- Funds reported $1.8B of Sotheby's stock for Q3 2016, up 15% quarter-over-quarter.
- 47 funds opened new Sotheby's positions in Q3 2016 and 25 closed out, a net change of +22 holders.
- The largest Sotheby's buyer in Q3 2016 was Victory Capital Management, an estimated $31.6M added.
- The largest Sotheby's seller in Q3 2016 was St. Denis J. Villere & Co, an estimated $66.4M sold.
Based on aggregated 13F filings for Q3 2016.