Sotheby's
BID
BID was delisted on the 2nd of October, 2019.
210 hedge funds and large institutions have $2.94B invested in Sotheby's in 2019 Q2 according to their latest regulatory filings, with 64 funds opening new positions, 47 increasing their positions, 68 reducing their positions, and 32 closing their positions.
125% more funds holding in top 10
Funds holding in top 10: 4 → 9 (+5)
100% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 32
52% more capital invested
Capital invested by funds: $1.93B → $2.94B (+$1.01B)
16% more funds holding
Funds holding: 181 → 210 (+29)
31% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 68
64% less call options, than puts
Call options by funds: $15.1M | Put options by funds: $41.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Paulson & Co
New York
|
+$141M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$38.3M |
| 3 |
WIC
Water Island Capital
New York
|
+$27M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$21.4M |
| 5 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$20.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$132M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$61.3M |
| 3 |
CCA
Conestoga Capital Advisors
Wayne,
Pennsylvania
|
-$21.5M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$20.3M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$17.8M |
BID Hedge Fund Activity: Q2 2019 in Review
210 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Sotheby's (BID) for Q2 2019, worth a combined $2.94B — up 52% from $1.93B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new BID positions and 32 closed out — a net gain of 32 holders — while 47 added to existing stakes and 68 trimmed.
The largest buyer was Paulson & Co, opening a new position worth an estimated $141M. The largest seller was Vulcan Value Partners, cutting an estimated $132M.
- 210 institutional investors held Sotheby's (BID) as of Q2 2019, up from 181 in Q1 2019.
- Funds reported $2.94B of Sotheby's stock for Q2 2019, up 52% quarter-over-quarter.
- 64 funds opened new Sotheby's positions in Q2 2019 and 32 closed out, a net change of +32 holders.
- The largest Sotheby's buyer in Q2 2019 was Paulson & Co, an estimated $141M added.
- The largest Sotheby's seller in Q2 2019 was Vulcan Value Partners, an estimated $132M sold.
Based on aggregated 13F filings for Q2 2019.