Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
243 hedge funds and large institutions have $3.36B invested in Sotheby's in 2015 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 91 increasing their positions, 84 reducing their positions, and 20 closing their positions.
55% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 20
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
12% more capital invested
Capital invested by funds: $3B → $3.36B (+$363M)
4% more funds holding
Funds holding: 233 → 243 (+10)
8% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 84
66% less call options, than puts
Call options by funds: $27.2M | Put options by funds: $79.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$77.5M |
| 2 |
MCM
Marcato Capital Management
San Francisco,
California
|
+$66.4M |
| 3 |
NMVA
New Mountain Vantage Advisers
New York
|
+$33.8M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$25.4M |
| 5 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$23.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$41.3M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$26M |
| 3 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$22.6M |
| 4 |
Fisher Asset Management
Camas,
Washington
|
-$18.9M |
| 5 |
Parnassus Investments
San Francisco,
California
|
-$11.1M |
BID Hedge Fund Activity: Q2 2015 in Review
243 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q2 2015, worth a combined $3.36B — up 12% from $3B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new BID positions and 20 closed out — a net gain of 11 holders — while 91 added to existing stakes and 84 trimmed.
The largest buyer was Eminence Capital, opening a new position worth an estimated $77.5M. The largest seller was Morgan Stanley, cutting an estimated $41.3M.
- 243 institutional investors held Sotheby's (BID) as of Q2 2015, up from 233 in Q1 2015.
- Funds reported $3.36B of Sotheby's stock for Q2 2015, up 12% quarter-over-quarter.
- 31 funds opened new Sotheby's positions in Q2 2015 and 20 closed out, a net change of +11 holders.
- The largest Sotheby's buyer in Q2 2015 was Eminence Capital, an estimated $77.5M added.
- The largest Sotheby's seller in Q2 2015 was Morgan Stanley, an estimated $41.3M sold.
Based on aggregated 13F filings for Q2 2015.