Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
232 hedge funds and large institutions have $3.47B invested in Sotheby's in 2013 Q3 according to their latest regulatory filings, with 55 funds opening new positions, 71 increasing their positions, 79 reducing their positions, and 26 closing their positions.
400% more funds holding in top 10
Funds holding in top 10: 2 → 10 (+8)
112% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 26
35% more capital invested
Capital invested by funds: $2.57B → $3.47B (+$903M)
13% more funds holding
Funds holding: 206 → 232 (+26)
10% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 79
66% less call options, than puts
Call options by funds: $75.1M | Put options by funds: $223M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TP
Third Point
New York
|
+$162M |
| 2 |
MCM
Marcato Capital Management
San Francisco,
California
|
+$150M |
| 3 |
YCMGA
York Capital Management Global Advisors
New York
|
+$90.5M |
| 4 |
EPCM
Eton Park Capital Management
New York
|
+$86.5M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$78.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TFM
Trian Fund Management
New York
|
-$78.6M |
| 2 |
Morgan Stanley
New York
|
-$56.3M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$53M |
| 4 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$49.5M |
| 5 |
AIM
abrdn Investment Management
Edinburgh,
United Kingdom
|
-$45.3M |
BID Hedge Fund Activity: Q3 2013 in Review
232 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q3 2013, worth a combined $3.47B — up 35% from $2.57B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new BID positions and 26 closed out — a net gain of 29 holders — while 71 added to existing stakes and 79 trimmed.
The largest buyer was Third Point, adding an estimated $162M. The largest seller was Trian Fund Management, exiting entirely with an estimated $78.6M sold.
- 232 institutional investors held Sotheby's (BID) as of Q3 2013, up from 206 in Q2 2013.
- Funds reported $3.47B of Sotheby's stock for Q3 2013, up 35% quarter-over-quarter.
- 55 funds opened new Sotheby's positions in Q3 2013 and 26 closed out, a net change of +29 holders.
- The largest Sotheby's buyer in Q3 2013 was Third Point, an estimated $162M added.
- The largest Sotheby's seller in Q3 2013 was Trian Fund Management, an estimated $78.6M sold.
Based on aggregated 13F filings for Q3 2013.