Bassett Furniture
BSET
71 hedge funds and large institutions have $35.1M invested in Bassett Furniture in 2020 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 17 increasing their positions, 32 reducing their positions, and 13 closing their positions.
4.96% less ownership
Funds ownership: 68.68% → 63.72% (-5%)
10% less funds holding
Funds holding: 79 → 71 (-8)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
47% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 32
70% less capital invested
Capital invested by funds: $116M → $35.1M (-$80.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$651K |
| 2 |
Renaissance Technologies
New York
|
+$398K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$324K |
| 4 |
Millennium Management
New York
|
+$304K |
| 5 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$265K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$3.44M |
| 2 |
Morgan Stanley
New York
|
-$1.24M |
| 3 |
Goldman Sachs
New York
|
-$983K |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$516K |
| 5 |
JP Morgan Chase
New York
|
-$511K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DCM
76
Dupont Capital Management
Wilmington,
Delaware
| – | -$418K | -25,056 | Closed |
|
|
AI
77
Atria Investments
Charlotte,
North Carolina
| – | -$224K | -13,405 | Closed |
|
|
MSL
78
Mackay Shields LLC
New York
| – | -$182K | -10,900 | Closed |
|
79
KBC Group
Brussels,
Belgium
| – | -$80K | -4,786 | Closed |
|
80
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$20K | -1,205 | Closed |
|
81
Simplex Trading
Chicago,
Illinois
| – | -$12K | -761 | Closed |
|
|
BCA
82
Berman Capital Advisors
Atlanta,
Georgia
| – | -$7K | -424 | Closed |
|
BSET Hedge Fund Activity: Q1 2020 in Review
71 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Bassett Furniture (BSET) for Q1 2020, worth a combined $35.1M — down 70% from $116M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BSET and 7 opened new positions — a net loss of 6 holders — while 32 trimmed existing stakes and 17 added.
The largest buyer was Foundry Partners, adding an estimated $651K. The largest seller was THB Asset Management, exiting entirely with an estimated $3.44M sold.
- 71 institutional investors held Bassett Furniture (BSET) as of Q1 2020, down from 79 in Q4 2019.
- Funds reported $35.1M of Bassett Furniture stock for Q1 2020, down 70% quarter-over-quarter.
- 7 funds opened new Bassett Furniture positions in Q1 2020 and 13 closed out, a net change of -6 holders.
- The largest Bassett Furniture buyer in Q1 2020 was Foundry Partners, an estimated $651K added.
- The largest Bassett Furniture seller in Q1 2020 was THB Asset Management, an estimated $3.44M sold.
Based on aggregated 13F filings for Q1 2020.