Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
235 hedge funds and large institutions have $2.5B invested in Sotheby's in 2014 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 69 increasing their positions, 100 reducing their positions, and 41 closing their positions.
138% more call options, than puts
Call options by funds: $170M | Put options by funds: $71.5M
5% less funds holding
Funds holding: 247 → 235 (-12)
15% less capital invested
Capital invested by funds: $2.95B → $2.5B (-$449M)
27% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 41
31% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 100
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$37.3M |
| 2 |
AI
Ariel Investments
Chicago,
Illinois
|
+$35.2M |
| 3 |
Parnassus Investments
San Francisco,
California
|
+$21.3M |
| 4 |
MCM
Marcato Capital Management
San Francisco,
California
|
+$17.1M |
| 5 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$15.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alkeon Capital Management
New York
|
-$22.6M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$21.8M |
| 3 |
WG
Winton Group
London,
United Kingdom
|
-$19.8M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$19.5M |
| 5 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
-$17.8M |
BID Hedge Fund Activity: Q3 2014 in Review
235 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q3 2014, worth a combined $2.5B — down 15% from $2.95B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of BID and 30 opened new positions — a net loss of 11 holders — while 100 trimmed existing stakes and 69 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $37.3M. The largest seller was Alkeon Capital Management, cutting an estimated $22.6M.
- 235 institutional investors held Sotheby's (BID) as of Q3 2014, down from 247 in Q2 2014.
- Funds reported $2.5B of Sotheby's stock for Q3 2014, down 15% quarter-over-quarter.
- 30 funds opened new Sotheby's positions in Q3 2014 and 41 closed out, a net change of -11 holders.
- The largest Sotheby's buyer in Q3 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $37.3M added.
- The largest Sotheby's seller in Q3 2014 was Alkeon Capital Management, an estimated $22.6M sold.
Based on aggregated 13F filings for Q3 2014.