Bassett Furniture
BSET
71 hedge funds and large institutions have $104M invested in Bassett Furniture in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 27 increasing their positions, 23 reducing their positions, and 14 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 23
3% less capital invested
Capital invested by funds: $106M → $104M (-$2.75M)
9% less funds holding
Funds holding: 78 → 71 (-7)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$2.22M |
| 2 |
TA
Teton Advisors
Rye,
New York
|
+$1.16M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$1.12M |
| 4 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
+$930K |
| 5 |
MOACM
Mutual of America Capital Management
New York
|
+$794K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$1.78M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
-$1.5M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$1.43M |
| 4 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$1.23M |
| 5 |
NJBEST
New Jersey Better Educational Savings Trust
Trenton,
New Jersey
|
-$421K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Los Angeles Capital Management
Los Angeles,
California
| – | -$247K | -15,256 | Closed |
|
|
BGIM
77
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$230K | -14,191 | Closed |
|
|
MLICM
78
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$158K | -9,775 | Closed |
|
79
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$14K | -839 | Closed |
|
80
Ameriprise
Minneapolis,
Minnesota
| – | -$11K | -676 | Closed |
|
|
OSAM
81
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$5K | -294 | Closed |
|
82
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$4K | -221 | Closed |
|
|
TWA
83
TCI Wealth Advisors
Tucson,
Arizona
| – | -$4K | -220 | Closed |
|
|
KT
84
Kanaly Trust
Houston,
Texas
| – | +$367 | +25 | New |
|
BSET Hedge Fund Activity: Q4 2013 in Review
71 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Bassett Furniture (BSET) for Q4 2013, worth a combined $104M — down 2.6% from $106M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BSET and 7 opened new positions — a net loss of 7 holders — while 23 trimmed existing stakes and 27 added.
The largest buyer was BlackRock Institutional Trust, adding an estimated $2.22M. The largest seller was Allianz Asset Management, exiting entirely with an estimated $1.78M sold.
- 71 institutional investors held Bassett Furniture (BSET) as of Q4 2013, down from 78 in Q3 2013.
- Funds reported $104M of Bassett Furniture stock for Q4 2013, down 2.6% quarter-over-quarter.
- 7 funds opened new Bassett Furniture positions in Q4 2013 and 14 closed out, a net change of -7 holders.
- The largest Bassett Furniture buyer in Q4 2013 was BlackRock Institutional Trust, an estimated $2.22M added.
- The largest Bassett Furniture seller in Q4 2013 was Allianz Asset Management, an estimated $1.78M sold.
Based on aggregated 13F filings for Q4 2013.