Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
185 hedge funds and large institutions have $2.11B invested in Sotheby's in 2018 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 47 increasing their positions, 72 reducing their positions, and 42 closing their positions.
8% less funds holding
Funds holding: 200 → 185 (-15)
20% less capital invested
Capital invested by funds: $2.63B → $2.11B (-$522M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
35% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 72
36% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 42
65% less call options, than puts
Call options by funds: $10.9M | Put options by funds: $30.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$48M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$22.3M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$16.1M |
| 4 |
Renaissance Technologies
New York
|
+$11.8M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$7.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$44M |
| 2 |
O
OppenheimerFunds
New York
|
-$24.5M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$11.7M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$7.74M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$7.5M |
BID Hedge Fund Activity: Q4 2018 in Review
185 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q4 2018, worth a combined $2.11B — down 20% from $2.63B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of BID and 27 opened new positions — a net loss of 15 holders — while 72 trimmed existing stakes and 47 added.
The largest buyer was Vulcan Value Partners, adding an estimated $48M. The largest seller was Victory Capital Management, exiting entirely with an estimated $44M sold.
- 185 institutional investors held Sotheby's (BID) as of Q4 2018, down from 200 in Q3 2018.
- Funds reported $2.11B of Sotheby's stock for Q4 2018, down 20% quarter-over-quarter.
- 27 funds opened new Sotheby's positions in Q4 2018 and 42 closed out, a net change of -15 holders.
- The largest Sotheby's buyer in Q4 2018 was Vulcan Value Partners, an estimated $48M added.
- The largest Sotheby's seller in Q4 2018 was Victory Capital Management, an estimated $44M sold.
Based on aggregated 13F filings for Q4 2018.