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Builders FirstSource

231 hedge funds and large institutions have $1.98B invested in Builders FirstSource in 2018 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 81 increasing their positions, 87 reducing their positions, and 53 closing their positions.

New
Increased
Maintained
Reduced
Closed

313% more call options, than puts

Call options by funds: $13.2M | Put options by funds: $3.18M

7% less repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 87

3.38% less ownership

Funds ownership: 97.64%94.26% (-3.4%)

9% less funds holding in top 10

Funds holding in top 10: 1110 (-1)

11% less capital invested

Capital invested by funds: $2.21B → $1.98B (-$235M)

14% less funds holding

Funds holding: 269231 (-38)

64% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 53

Holders
231
Holders Change
-38
Holders Change %
-14.13%
% of All Funds
5.29%
Holding in Top 10
10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-9.09%
% of All Funds
0.23%
New
19
Increased
81
Reduced
87
Closed
53
Calls
$13.2M
Puts
$3.18M
Net Calls
+$9.97M
Net Calls Change
+$4.99M
Name Holding Trade Value Shares
Change
Change in
Stake
KCM
26
Kennedy Capital Management
Missouri
$20.3M -$1.86M -97,183 -8%
Geode Capital Management
27
Geode Capital Management
Massachusetts
$20.2M +$628K +32,871 +3%
SIM
28
Stelliam Investment Management
New York
$19.5M -$1.86M -97,500 -8%
PWAM
29
Park West Asset Management
California
$19.1M +$1.43M +75,000 +8%
FG
30
Formula Growth
Quebec, Canada
$19M +$1.72M +90,000 +9%
LCM
31
Lonestar Capital Management
California
$18.3M +$956K +50,000 +5%
BCMNY
32
Buckingham Capital Management (New York)
New York
$15.4M +$860K +44,975 +6%
Bank of America
33
Bank of America
North Carolina
$15.1M +$3.99M +208,932 +34%
Charles Schwab
34
Charles Schwab
California
$15M +$3.24M +169,325 +26%
SC
35
Spitfire Capital
California
$13.6M
Millennium Management
36
Millennium Management
New York
$13.2M -$877K -45,860 -6%
IAM
37
Impala Asset Management
Florida
$13M -$3.86M -201,783 -22%
Wells Fargo
38
Wells Fargo
California
$12.9M +$5.14M +269,061 +61%
Bank of New York Mellon
39
Bank of New York Mellon
New York
$12.4M -$758K -39,629 -6%
MCM
40
Marcato Capital Management
California
$11.7M -$745K -39,000 -6%
SEI Investments
41
SEI Investments
Pennsylvania
$11.6M +$10.1M +528,913 +497%
Stifel Financial
42
Stifel Financial
Missouri
$11.3M +$377K +19,740 +3%
Adage Capital Partners
43
Adage Capital Partners
Massachusetts
$11M +$11.5M +600,000 New
AQR Capital Management
44
AQR Capital Management
Connecticut
$10.5M +$4.11M +214,785 +60%
Fuller & Thaler Asset Management
45
Fuller & Thaler Asset Management
California
$10.3M -$636K -33,294 -6%
HAM
46
Hillcrest Asset Management
Texas
$9.55M +$9.99M +522,430 New
AFA
47
Alta Fundamental Advisers
New York
$8.88M +$669K +35,000 +8%
CAM
48
Congress Asset Management
Massachusetts
$8.44M +$544K +28,480 +7%
AllianceBernstein
49
AllianceBernstein
Tennessee
$7.88M +$1.43M +75,060 +21%
TCIM
50
TIAA CREF Investment Management
New York
$7.86M +$436K +22,793 +6%

BLDR Hedge Fund Activity: Q2 2018 in Review

231 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Builders FirstSource (BLDR) for Q2 2018, worth a combined $1.98B — down 11% from $2.21B a quarter earlier.

Sellers outnumbered buyers: 53 funds closed out of BLDR and 19 opened new positions — a net loss of 34 holders — while 87 trimmed existing stakes and 81 added.

The largest buyer was Ruane, Cunniff & Goldfarb, adding an estimated $30.6M. The largest seller was Spruce House Investment Management, exiting entirely with an estimated $72.5M sold.

  • 231 institutional investors held Builders FirstSource (BLDR) as of Q2 2018, down from 269 in Q1 2018.
  • Funds reported $1.98B of Builders FirstSource stock for Q2 2018, down 11% quarter-over-quarter.
  • 19 funds opened new Builders FirstSource positions in Q2 2018 and 53 closed out, a net change of -34 holders.
  • The largest Builders FirstSource buyer in Q2 2018 was Ruane, Cunniff & Goldfarb, an estimated $30.6M added.
  • The largest Builders FirstSource seller in Q2 2018 was Spruce House Investment Management, an estimated $72.5M sold.

Based on aggregated 13F filings for Q2 2018.