Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
181 hedge funds and large institutions have $1.93B invested in Sotheby's in 2019 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 46 increasing their positions, 68 reducing their positions, and 27 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
2% less funds holding
Funds holding: 184 → 181 (-3)
8% less capital invested
Capital invested by funds: $2.09B → $1.93B (-$163M)
11% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 27
32% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 68
82% less call options, than puts
Call options by funds: $3.41M | Put options by funds: $19M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$30.9M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$6.82M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$5.94M |
| 4 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$5.68M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$4.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$56.6M |
| 2 |
Bank of New York Mellon
New York
|
-$11.7M |
| 3 |
TA
Teachers Advisors
New York
|
-$10.1M |
| 4 |
BlackRock
New York
|
-$9.27M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$6.61M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
H
201
Hexavest
Montreal,
Quebec, Canada
| – | -$54K | -1,366 | Closed |
|
|
PHK
202
Point72 Hong Kong
Hong Kong
| – | -$32K | -811 | Closed |
|
|
PRC
203
Pearl River Capital
Niles,
Michigan
| – | -$18K | -457 | Closed |
|
|
JA
204
JOYN Advisors
Atlanta,
Georgia
| – | -$3K | -76 | Closed |
|
|
BBHC
205
Brown Brothers Harriman & Co
New York
| – | -$1K | -20 | Closed |
|
206
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -20 | Closed |
|
BID Hedge Fund Activity: Q1 2019 in Review
181 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q1 2019, worth a combined $1.93B — down 7.8% from $2.09B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of BID and 24 opened new positions — a net loss of 3 holders — while 68 trimmed existing stakes and 46 added.
The largest buyer was Vulcan Value Partners, adding an estimated $30.9M. The largest seller was Clal Insurance, cutting an estimated $56.6M.
- 181 institutional investors held Sotheby's (BID) as of Q1 2019, down from 184 in Q4 2018.
- Funds reported $1.93B of Sotheby's stock for Q1 2019, down 7.8% quarter-over-quarter.
- 24 funds opened new Sotheby's positions in Q1 2019 and 27 closed out, a net change of -3 holders.
- The largest Sotheby's buyer in Q1 2019 was Vulcan Value Partners, an estimated $30.9M added.
- The largest Sotheby's seller in Q1 2019 was Clal Insurance, an estimated $56.6M sold.
Based on aggregated 13F filings for Q1 2019.