BJ's Restaurants
BJRI
173 hedge funds and large institutions have $735M invested in BJ's Restaurants in 2016 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 61 increasing their positions, 63 reducing their positions, and 40 closing their positions.
110% more call options, than puts
Call options by funds: $11.4M | Put options by funds: $5.41M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
3% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 63
9% less funds holding
Funds holding: 191 → 173 (-18)
26% less capital invested
Capital invested by funds: $998M → $735M (-$264M)
43% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$34.2M |
| 2 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$17.5M |
| 3 |
Renaissance Technologies
New York
|
+$7.53M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$7.16M |
| 5 |
Neuberger Berman Group
New York
|
+$5.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
I2I
Insight 2811 Inc
Chicago,
Illinois
|
-$94.3M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$20.1M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$13.1M |
| 4 |
Millennium Management
New York
|
-$11.6M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$7.16M |
BJRI Hedge Fund Activity: Q3 2016 in Review
173 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in BJ's Restaurants (BJRI) for Q3 2016, worth a combined $735M — down 26% from $998M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of BJRI and 23 opened new positions — a net loss of 17 holders — while 63 trimmed existing stakes and 61 added.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $34.2M. The largest seller was Insight 2811 Inc, exiting entirely with an estimated $94.3M sold.
- 173 institutional investors held BJ's Restaurants (BJRI) as of Q3 2016, down from 191 in Q2 2016.
- Funds reported $735M of BJ's Restaurants stock for Q3 2016, down 26% quarter-over-quarter.
- 23 funds opened new BJ's Restaurants positions in Q3 2016 and 40 closed out, a net change of -17 holders.
- The largest BJ's Restaurants buyer in Q3 2016 was HG Vora Capital Management, an estimated $34.2M added.
- The largest BJ's Restaurants seller in Q3 2016 was Insight 2811 Inc, an estimated $94.3M sold.
Based on aggregated 13F filings for Q3 2016.