Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
218 hedge funds and large institutions have $2.55B invested in Sotheby's in 2017 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 69 increasing their positions, 89 reducing their positions, and 31 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
15% more capital invested
Capital invested by funds: $2.21B → $2.55B (+$337M)
10% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 31
2% less funds holding
Funds holding: 222 → 218 (-4)
18% less call options, than puts
Call options by funds: $53.1M | Put options by funds: $65.1M
22% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 89
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$27.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$17.8M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$16.5M |
| 4 |
TA
Teachers Advisors
New York
|
+$13.2M |
| 5 |
O
OppenheimerFunds
New York
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Marcato Capital Management
San Francisco,
California
|
-$45.6M |
| 2 |
BlackRock
New York
|
-$27.5M |
| 3 |
D.E. Shaw & Co
New York
|
-$22.6M |
| 4 |
Renaissance Technologies
New York
|
-$15.6M |
| 5 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$13.1M |
BID Hedge Fund Activity: Q2 2017 in Review
218 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q2 2017, worth a combined $2.55B — up 15% from $2.21B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of BID and 28 opened new positions — a net loss of 3 holders — while 89 trimmed existing stakes and 69 added.
The largest buyer was Discovery Capital Management, opening a new position worth an estimated $27.2M. The largest seller was Marcato Capital Management, cutting an estimated $45.6M.
- 218 institutional investors held Sotheby's (BID) as of Q2 2017, down from 222 in Q1 2017.
- Funds reported $2.55B of Sotheby's stock for Q2 2017, up 15% quarter-over-quarter.
- 28 funds opened new Sotheby's positions in Q2 2017 and 31 closed out, a net change of -3 holders.
- The largest Sotheby's buyer in Q2 2017 was Discovery Capital Management, an estimated $27.2M added.
- The largest Sotheby's seller in Q2 2017 was Marcato Capital Management, an estimated $45.6M sold.
Based on aggregated 13F filings for Q2 2017.