Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
193 hedge funds and large institutions have $1.56B invested in Sotheby's in 2016 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 44 increasing their positions, 87 reducing their positions, and 35 closing their positions.
2% more capital invested
Capital invested by funds: $1.53B → $1.56B (+$27.5M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3% less funds holding
Funds holding: 199 → 193 (-6)
14% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 35
49% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 87
58% less call options, than puts
Call options by funds: $29.7M | Put options by funds: $70.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$61.9M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$43.2M |
| 3 |
GCM
Gates Capital Management
New York
|
+$31M |
| 4 |
SAMH
Shanda Asset Management Holdings
Tortola,,
British Virgin Islands
|
+$29M |
| 5 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$62.8M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$30.4M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$18.5M |
| 4 |
MCM
Marcato Capital Management
San Francisco,
California
|
-$18M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$14.3M |
BID Hedge Fund Activity: Q2 2016 in Review
193 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q2 2016, worth a combined $1.56B — up 1.8% from $1.53B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of BID and 30 opened new positions — a net loss of 5 holders — while 87 trimmed existing stakes and 44 added.
The largest buyer was Vulcan Value Partners, opening a new position worth an estimated $61.9M. The largest seller was Point72 Asset Management, cutting an estimated $62.8M.
- 193 institutional investors held Sotheby's (BID) as of Q2 2016, down from 199 in Q1 2016.
- Funds reported $1.56B of Sotheby's stock for Q2 2016, up 1.8% quarter-over-quarter.
- 30 funds opened new Sotheby's positions in Q2 2016 and 35 closed out, a net change of -5 holders.
- The largest Sotheby's buyer in Q2 2016 was Vulcan Value Partners, an estimated $61.9M added.
- The largest Sotheby's seller in Q2 2016 was Point72 Asset Management, an estimated $62.8M sold.
Based on aggregated 13F filings for Q2 2016.