Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
233 hedge funds and large institutions have $3B invested in Sotheby's in 2015 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 95 increasing their positions, 70 reducing their positions, and 33 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 70
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
2% less capital invested
Capital invested by funds: $3.06B → $3B (-$59.5M)
5% less funds holding
Funds holding: 245 → 233 (-12)
27% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 33
49% less call options, than puts
Call options by funds: $15.7M | Put options by funds: $30.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCAM
Jericho Capital Asset Management
New York
|
+$48.1M |
| 2 |
AC
Amici Capital
New York
|
+$30.6M |
| 3 |
D.E. Shaw & Co
New York
|
+$18.7M |
| 4 |
LI
LMCG Investments
Boston,
Massachusetts
|
+$15.8M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPCM
Eton Park Capital Management
New York
|
-$79.7M |
| 2 |
EAM
EverPoint Asset Management
Stamford,
Connecticut
|
-$20.1M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$19.7M |
| 4 |
AI
Ariel Investments
Chicago,
Illinois
|
-$16.1M |
| 5 |
ICAP
Independence Capital Asset Partners
Denver,
Colorado
|
-$15.6M |
BID Hedge Fund Activity: Q1 2015 in Review
233 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q1 2015, worth a combined $3B — down 1.9% from $3.06B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of BID and 24 opened new positions — a net loss of 9 holders — while 70 trimmed existing stakes and 95 added.
The largest buyer was Jericho Capital Asset Management, adding an estimated $48.1M. The largest seller was Eton Park Capital Management, exiting entirely with an estimated $79.7M sold.
- 233 institutional investors held Sotheby's (BID) as of Q1 2015, down from 245 in Q4 2014.
- Funds reported $3B of Sotheby's stock for Q1 2015, down 1.9% quarter-over-quarter.
- 24 funds opened new Sotheby's positions in Q1 2015 and 33 closed out, a net change of -9 holders.
- The largest Sotheby's buyer in Q1 2015 was Jericho Capital Asset Management, an estimated $48.1M added.
- The largest Sotheby's seller in Q1 2015 was Eton Park Capital Management, an estimated $79.7M sold.
Based on aggregated 13F filings for Q1 2015.