Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
205 hedge funds and large institutions have $1.88B invested in Sotheby's in 2016 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 57 increasing their positions, 85 reducing their positions, and 35 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
5% more capital invested
Capital invested by funds: $1.8B → $1.88B (+$82.5M)
4% less funds holding
Funds holding: 213 → 205 (-8)
17% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 35
32% less call options, than puts
Call options by funds: $42.1M | Put options by funds: $61.5M
33% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 85
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$20.5M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$19.1M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
+$16.2M |
| 4 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$15.5M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Marcato Capital Management
San Francisco,
California
|
-$77.7M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
-$11.4M |
| 3 |
RA
Royce & Associates
New York
|
-$8.57M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$8.53M |
| 5 |
Goldman Sachs
New York
|
-$7.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
Tudor Investment Corp
Stamford,
Connecticut
| – | -$231K | -6,063 | Closed |
|
|
BCM
227
BlueCrest Capital Management
St Helier,
Jersey
| – | -$221K | -5,814 | Closed |
|
|
CSS
228
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$216K | -5,686 | Closed |
|
|
AIM
229
Acrospire Investment Management
Chicago,
Illinois
| – | -$182K | -4,800 | Closed |
|
|
CFG
230
CKW Financial Group
Honolulu,
Hawaii
| – | -$26K | -690 | Closed |
|
|
IUHSA
231
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
| – | -$4K | -110 | Closed |
|
|
MRCM
232
M&R Capital Management
Summit,
New Jersey
| – | -$3K | -100 | Closed |
|
|
MWP
233
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$4K | -100 | Closed |
|
|
TCOV
234
Trust Company of Vermont
Brattleboro,
Vermont
| – | -$4K | -100 | Closed |
|
|
IWMPD
235
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$4K | -97 | Closed |
|
BID Hedge Fund Activity: Q4 2016 in Review
205 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q4 2016, worth a combined $1.88B — up 4.6% from $1.8B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of BID and 29 opened new positions — a net loss of 6 holders — while 85 trimmed existing stakes and 57 added.
The largest buyer was AllianceBernstein, adding an estimated $20.5M. The largest seller was Marcato Capital Management, cutting an estimated $77.7M.
- 205 institutional investors held Sotheby's (BID) as of Q4 2016, down from 213 in Q3 2016.
- Funds reported $1.88B of Sotheby's stock for Q4 2016, up 4.6% quarter-over-quarter.
- 29 funds opened new Sotheby's positions in Q4 2016 and 35 closed out, a net change of -6 holders.
- The largest Sotheby's buyer in Q4 2016 was AllianceBernstein, an estimated $20.5M added.
- The largest Sotheby's seller in Q4 2016 was Marcato Capital Management, an estimated $77.7M sold.
Based on aggregated 13F filings for Q4 2016.