Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
179 hedge funds and large institutions have $2.59B invested in Sotheby's in 2019 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 40 increasing their positions, 81 reducing their positions, and 56 closing their positions.
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
12% less capital invested
Capital invested by funds: $2.94B → $2.59B (-$346M)
15% less funds holding
Funds holding: 210 → 179 (-31)
50% less call options, than puts
Call options by funds: $18.6M | Put options by funds: $37.2M
51% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 81
54% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 56
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$34.5M |
| 2 |
GF
Gabelli Funds
Rye,
New York
|
+$33.9M |
| 3 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$23.7M |
| 4 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
+$23M |
| 5 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
+$17.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Paulson & Co
New York
|
-$87.7M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$65.8M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$65.4M |
| 4 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$59.2M |
| 5 |
Goldman Sachs
New York
|
-$24.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QAM
226
QCI Asset Management
Pittsford,
New York
| – | -$44K | -762 | Closed |
|
|
HI
227
Hudock Inc
Williamsport,
Pennsylvania
| – | -$8K | -147 | Closed |
|
|
W
228
WealthStone
Columbus,
Ohio
| – | -$7.85K | -135 | Closed |
|
229
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$7K | -128 | Closed |
|
|
OIA
230
OneDigital Investment Advisors
Overland Park,
Kansas
| – | -$6K | -100 | Closed |
|
|
PCP
231
Proficio Capital Partners
Newton,
Massachusetts
| – | -$1K | -25 | Closed |
|
BID Hedge Fund Activity: Q3 2019 in Review
179 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q3 2019, worth a combined $2.59B — down 12% from $2.94B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of BID and 26 opened new positions — a net loss of 30 holders — while 81 trimmed existing stakes and 40 added.
The largest buyer was Glazer Capital LLC, opening a new position worth an estimated $34.5M. The largest seller was Paulson & Co, cutting an estimated $87.7M.
- 179 institutional investors held Sotheby's (BID) as of Q3 2019, down from 210 in Q2 2019.
- Funds reported $2.59B of Sotheby's stock for Q3 2019, down 12% quarter-over-quarter.
- 26 funds opened new Sotheby's positions in Q3 2019 and 56 closed out, a net change of -30 holders.
- The largest Sotheby's buyer in Q3 2019 was Glazer Capital LLC, an estimated $34.5M added.
- The largest Sotheby's seller in Q3 2019 was Paulson & Co, an estimated $87.7M sold.
Based on aggregated 13F filings for Q3 2019.