Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
252 hedge funds and large institutions have $2.33B invested in Sotheby's in 2015 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 88 increasing their positions, 79 reducing their positions, and 28 closing their positions.
39% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 28
11% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 79
4% more funds holding
Funds holding: 243 → 252 (+9)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
31% less capital invested
Capital invested by funds: $3.36B → $2.33B (-$1.03B)
72% less call options, than puts
Call options by funds: $30.6M | Put options by funds: $108M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$38.3M |
| 2 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$30.1M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$29.3M |
| 4 |
LI
LMCG Investments
Boston,
Massachusetts
|
+$23.5M |
| 5 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$15.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$79.2M |
| 2 |
NMVA
New Mountain Vantage Advisers
New York
|
-$34.5M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$25.9M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$20.6M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
-$19.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Acadian Asset Management
Boston,
Massachusetts
| – | -$5K | -120 | Closed |
|
|
IMS
277
Index Management Solutions
Philadelphia,
Pennsylvania
| – | -$4K | -96 | Closed |
|
|
DADC
278
D.A. Davidson & Co
Great Falls,
Montana
| – | -$421 | -11 | -30% |
|
279
AssetMark Inc
Concord,
California
| – | +$153 | +4 | New |
|
BID Hedge Fund Activity: Q3 2015 in Review
252 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q3 2015, worth a combined $2.33B — down 31% from $3.36B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new BID positions and 28 closed out — a net gain of 11 holders — while 88 added to existing stakes and 79 trimmed.
The largest buyer was Point72 Asset Management, opening a new position worth an estimated $38.3M. The largest seller was Eminence Capital, exiting entirely with an estimated $79.2M sold.
- 252 institutional investors held Sotheby's (BID) as of Q3 2015, up from 243 in Q2 2015.
- Funds reported $2.33B of Sotheby's stock for Q3 2015, down 31% quarter-over-quarter.
- 39 funds opened new Sotheby's positions in Q3 2015 and 28 closed out, a net change of +11 holders.
- The largest Sotheby's buyer in Q3 2015 was Point72 Asset Management, an estimated $38.3M added.
- The largest Sotheby's seller in Q3 2015 was Eminence Capital, an estimated $79.2M sold.
Based on aggregated 13F filings for Q3 2015.