Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
206 hedge funds and large institutions have $2.85B invested in Sotheby's in 2017 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 69 increasing their positions, 80 reducing their positions, and 28 closing their positions.
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
27% more capital invested
Capital invested by funds: $2.24B → $2.85B (+$606M)
7% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 28
0% more funds holding
Funds holding: 205 → 206 (+1)
14% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 80
36% less call options, than puts
Call options by funds: $36.4M | Put options by funds: $57M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$28.3M |
| 2 |
Bank of New York Mellon
New York
|
+$24.2M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$23.3M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$10.1M |
| 5 |
AP
AHL Partners
London,
United Kingdom
|
+$10M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$72M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$46.9M |
| 3 |
Goldman Sachs
New York
|
-$15.4M |
| 4 |
TEC
Tiger Eye Capital
Nashville,
Tennessee
|
-$12.1M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$8.41M |
BID Hedge Fund Activity: Q4 2017 in Review
206 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q4 2017, worth a combined $2.85B — up 27% from $2.24B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new BID positions and 28 closed out — a net gain of 2 holders — while 69 added to existing stakes and 80 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $28.3M. The largest seller was Deutsche Bank, cutting an estimated $72M.
- 206 institutional investors held Sotheby's (BID) as of Q4 2017, up from 205 in Q3 2017.
- Funds reported $2.85B of Sotheby's stock for Q4 2017, up 27% quarter-over-quarter.
- 30 funds opened new Sotheby's positions in Q4 2017 and 28 closed out, a net change of +2 holders.
- The largest Sotheby's buyer in Q4 2017 was Balyasny Asset Management, an estimated $28.3M added.
- The largest Sotheby's seller in Q4 2017 was Deutsche Bank, an estimated $72M sold.
Based on aggregated 13F filings for Q4 2017.