Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
205 hedge funds and large institutions have $2.24B invested in Sotheby's in 2017 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 64 increasing their positions, 84 reducing their positions, and 35 closing their positions.
6% less funds holding
Funds holding: 218 → 205 (-13)
12% less capital invested
Capital invested by funds: $2.55B → $2.24B (-$304M)
24% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 84
31% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 35
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
40% less call options, than puts
Call options by funds: $29.8M | Put options by funds: $49.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$65.3M |
| 2 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$32.2M |
| 3 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$23.2M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$18.6M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$14.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$20.7M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$20.3M |
| 3 |
TA
Teachers Advisors
New York
|
-$13.9M |
| 4 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$11.8M |
| 5 |
AP
AHL Partners
London,
United Kingdom
|
-$10.7M |
BID Hedge Fund Activity: Q3 2017 in Review
205 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q3 2017, worth a combined $2.24B — down 12% from $2.55B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of BID and 24 opened new positions — a net loss of 11 holders — while 84 trimmed existing stakes and 64 added.
The largest buyer was Deutsche Bank, adding an estimated $65.3M. The largest seller was BlackRock, cutting an estimated $20.7M.
- 205 institutional investors held Sotheby's (BID) as of Q3 2017, down from 218 in Q2 2017.
- Funds reported $2.24B of Sotheby's stock for Q3 2017, down 12% quarter-over-quarter.
- 24 funds opened new Sotheby's positions in Q3 2017 and 35 closed out, a net change of -11 holders.
- The largest Sotheby's buyer in Q3 2017 was Deutsche Bank, an estimated $65.3M added.
- The largest Sotheby's seller in Q3 2017 was BlackRock, an estimated $20.7M sold.
Based on aggregated 13F filings for Q3 2017.