Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
199 hedge funds and large institutions have $1.53B invested in Sotheby's in 2016 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 57 increasing their positions, 75 reducing their positions, and 51 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
10% less funds holding
Funds holding: 220 → 199 (-21)
10% less capital invested
Capital invested by funds: $1.7B → $1.53B (-$166M)
24% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 75
37% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 51
53% less call options, than puts
Call options by funds: $25.7M | Put options by funds: $54.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$28.6M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$20.2M |
| 3 |
SAMH
Shanda Asset Management Holdings
Tortola,,
British Virgin Islands
|
+$13.6M |
| 4 |
Goldman Sachs
New York
|
+$9.6M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$8.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$36.6M |
| 2 |
AC
Amici Capital
New York
|
-$32.2M |
| 3 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$31.6M |
| 4 |
RA
Royce & Associates
New York
|
-$25.8M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$18.5M |
BID Hedge Fund Activity: Q1 2016 in Review
199 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q1 2016, worth a combined $1.53B — down 9.8% from $1.7B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of BID and 32 opened new positions — a net loss of 19 holders — while 75 trimmed existing stakes and 57 added.
The largest buyer was Point72 Asset Management, adding an estimated $28.6M. The largest seller was Virtus Fund Advisers, exiting entirely with an estimated $36.6M sold.
- 199 institutional investors held Sotheby's (BID) as of Q1 2016, down from 220 in Q4 2015.
- Funds reported $1.53B of Sotheby's stock for Q1 2016, down 9.8% quarter-over-quarter.
- 32 funds opened new Sotheby's positions in Q1 2016 and 51 closed out, a net change of -19 holders.
- The largest Sotheby's buyer in Q1 2016 was Point72 Asset Management, an estimated $28.6M added.
- The largest Sotheby's seller in Q1 2016 was Virtus Fund Advisers, an estimated $36.6M sold.
Based on aggregated 13F filings for Q1 2016.