Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
199 hedge funds and large institutions have $2.61B invested in Sotheby's in 2018 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 70 increasing their positions, 71 reducing their positions, and 40 closing their positions.
1% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 71
9% less funds holding
Funds holding: 219 → 199 (-20)
11% less capital invested
Capital invested by funds: $2.92B → $2.61B (-$317M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
26% less call options, than puts
Call options by funds: $16.5M | Put options by funds: $22.3M
48% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$24.7M |
| 2 |
TA
Teachers Advisors
New York
|
+$13.5M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$8.63M |
| 4 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$8.27M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$8.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
O
OppenheimerFunds
New York
|
-$20.8M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$10.1M |
| 3 |
Bank of New York Mellon
New York
|
-$7.94M |
| 4 |
AI
Ariel Investments
Chicago,
Illinois
|
-$7.43M |
| 5 |
Renaissance Technologies
New York
|
-$7.11M |
BID Hedge Fund Activity: Q3 2018 in Review
199 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q3 2018, worth a combined $2.61B — down 11% from $2.92B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of BID and 21 opened new positions — a net loss of 19 holders — while 71 trimmed existing stakes and 70 added.
The largest buyer was Vulcan Value Partners, adding an estimated $24.7M. The largest seller was OppenheimerFunds, cutting an estimated $20.8M.
- 199 institutional investors held Sotheby's (BID) as of Q3 2018, down from 219 in Q2 2018.
- Funds reported $2.61B of Sotheby's stock for Q3 2018, down 11% quarter-over-quarter.
- 21 funds opened new Sotheby's positions in Q3 2018 and 40 closed out, a net change of -19 holders.
- The largest Sotheby's buyer in Q3 2018 was Vulcan Value Partners, an estimated $24.7M added.
- The largest Sotheby's seller in Q3 2018 was OppenheimerFunds, an estimated $20.8M sold.
Based on aggregated 13F filings for Q3 2018.