Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
220 hedge funds and large institutions have $1.7B invested in Sotheby's in 2015 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 75 increasing their positions, 79 reducing their positions, and 56 closing their positions.
5% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 79
13% less funds holding
Funds holding: 252 → 220 (-32)
27% less capital invested
Capital invested by funds: $2.33B → $1.7B (-$630M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
54% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 56
54% less call options, than puts
Call options by funds: $20.7M | Put options by funds: $45.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$31.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$23.3M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$23M |
| 4 |
SAMH
Shanda Asset Management Holdings
Tortola,,
British Virgin Islands
|
+$18M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$11.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCAM
Jericho Capital Asset Management
New York
|
-$74.2M |
| 2 |
AI
Ariel Investments
Chicago,
Illinois
|
-$30.3M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
-$24.3M |
| 4 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
-$23.7M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$21.9M |
BID Hedge Fund Activity: Q4 2015 in Review
220 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q4 2015, worth a combined $1.7B — down 27% from $2.33B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of BID and 26 opened new positions — a net loss of 30 holders — while 79 trimmed existing stakes and 75 added.
The largest buyer was Point72 Asset Management, adding an estimated $31.2M. The largest seller was Jericho Capital Asset Management, exiting entirely with an estimated $74.2M sold.
- 220 institutional investors held Sotheby's (BID) as of Q4 2015, down from 252 in Q3 2015.
- Funds reported $1.7B of Sotheby's stock for Q4 2015, down 27% quarter-over-quarter.
- 26 funds opened new Sotheby's positions in Q4 2015 and 56 closed out, a net change of -30 holders.
- The largest Sotheby's buyer in Q4 2015 was Point72 Asset Management, an estimated $31.2M added.
- The largest Sotheby's seller in Q4 2015 was Jericho Capital Asset Management, an estimated $74.2M sold.
Based on aggregated 13F filings for Q4 2015.