Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
218 hedge funds and large institutions have $2.85B invested in Sotheby's in 2018 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 68 increasing their positions, 81 reducing their positions, and 16 closing their positions.
88% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 16
22% more call options, than puts
Call options by funds: $18.7M | Put options by funds: $15.4M
6% more funds holding
Funds holding: 206 → 218 (+12)
0% less capital invested
Capital invested by funds: $2.85B → $2.85B (-$662K)
16% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 81
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$17.8M |
| 2 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$14.1M |
| 3 |
BlackRock
New York
|
+$13.4M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$11.8M |
| 5 |
Goldman Sachs
New York
|
+$9.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Marcato Capital Management
San Francisco,
California
|
-$33.3M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$29.2M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$10.8M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.83M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$5.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CG
226
Cutler Group
San Francisco,
California
| – | -$600K | -11,783 | Closed |
|
|
WA
227
Waverly Advisors
Birmingham,
Alabama
| – | -$400K | -7,761 | Closed |
|
228
Parallax Volatility Advisers
San Francisco,
California
| – | -$297K | -5,838 | Closed |
|
229
Jane Street
New York
| – | -$250K | -4,847 | Closed |
|
230
Daiwa Securities Group
Tokyo,
Japan
| – | -$165K | -3,200 | Closed |
|
231
Russell Investments Group
London,
United Kingdom
| – | -$84K | -1,600 | Closed |
|
|
STA
232
Summit Trail Advisors
New York
| – | -$71K | -1,339 | Closed |
|
|
BL
233
Balentine LLC
Atlanta,
Georgia
| – | -$5K | -100 | Closed |
|
|
WAM
234
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | +$408 | +8 | New |
|
BID Hedge Fund Activity: Q1 2018 in Review
218 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q1 2018, worth a combined $2.85B — down 0.02% from $2.85B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new BID positions and 16 closed out — a net gain of 14 holders — while 68 added to existing stakes and 81 trimmed.
The largest buyer was Clal Insurance, adding an estimated $17.8M. The largest seller was Marcato Capital Management, exiting entirely with an estimated $33.3M sold.
- 218 institutional investors held Sotheby's (BID) as of Q1 2018, up from 206 in Q4 2017.
- Funds reported $2.85B of Sotheby's stock for Q1 2018, down 0.02% quarter-over-quarter.
- 30 funds opened new Sotheby's positions in Q1 2018 and 16 closed out, a net change of +14 holders.
- The largest Sotheby's buyer in Q1 2018 was Clal Insurance, an estimated $17.8M added.
- The largest Sotheby's seller in Q1 2018 was Marcato Capital Management, an estimated $33.3M sold.
Based on aggregated 13F filings for Q1 2018.