Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
247 hedge funds and large institutions have $2.95B invested in Sotheby's in 2014 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 81 increasing their positions, 88 reducing their positions, and 55 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
25% more call options, than puts
Call options by funds: $95.4M | Put options by funds: $76.4M
8% less repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 88
6% less funds holding
Funds holding: 262 → 247 (-15)
7% less capital invested
Capital invested by funds: $3.16B → $2.95B (-$209M)
25% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cambiar Investors
Denver,
Colorado
|
+$46.5M |
| 2 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$43M |
| 3 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
+$31.6M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$26.5M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$22.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCMGA
York Capital Management Global Advisors
New York
|
-$113M |
| 2 |
Morgan Stanley
New York
|
-$56.1M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$51.7M |
| 4 |
SCM
Sandler Capital Management
New York
|
-$27.4M |
| 5 |
Citigroup
New York
|
-$21.9M |
BID Hedge Fund Activity: Q2 2014 in Review
247 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q2 2014, worth a combined $2.95B — down 6.6% from $3.16B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of BID and 41 opened new positions — a net loss of 14 holders — while 88 trimmed existing stakes and 81 added.
The largest buyer was Cambiar Investors, opening a new position worth an estimated $46.5M. The largest seller was York Capital Management Global Advisors, exiting entirely with an estimated $113M sold.
- 247 institutional investors held Sotheby's (BID) as of Q2 2014, down from 262 in Q1 2014.
- Funds reported $2.95B of Sotheby's stock for Q2 2014, down 6.6% quarter-over-quarter.
- 41 funds opened new Sotheby's positions in Q2 2014 and 55 closed out, a net change of -14 holders.
- The largest Sotheby's buyer in Q2 2014 was Cambiar Investors, an estimated $46.5M added.
- The largest Sotheby's seller in Q2 2014 was York Capital Management Global Advisors, an estimated $113M sold.
Based on aggregated 13F filings for Q2 2014.