Bassett Furniture
BSET
94 hedge funds and large institutions have $248M invested in Bassett Furniture in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 33 increasing their positions, 30 reducing their positions, and 26 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 30
2.54% more ownership
Funds ownership: 73.54% → 76.09% (+2.5%)
15% less funds holding
Funds holding: 111 → 94 (-17)
16% less capital invested
Capital invested by funds: $297M → $248M (-$48.5M)
58% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 26
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$7.79M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$4.74M |
| 3 |
Renaissance Technologies
New York
|
+$1.86M |
| 4 |
TA
Teton Advisors
Rye,
New York
|
+$1.55M |
| 5 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.27M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$1.16M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$853K |
| 4 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$797K |
| 5 |
SC
SouthState Corp
Winter Haven,
Florida
|
-$754K |
BSET Hedge Fund Activity: Q1 2018 in Review
94 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Bassett Furniture (BSET) for Q1 2018, worth a combined $248M — down 16% from $297M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of BSET and 11 opened new positions — a net loss of 15 holders — while 30 trimmed existing stakes and 33 added.
The largest buyer was Royce & Associates, adding an estimated $7.79M. The largest seller was Millennium Management, cutting an estimated $2.27M.
- 94 institutional investors held Bassett Furniture (BSET) as of Q1 2018, down from 111 in Q4 2017.
- Funds reported $248M of Bassett Furniture stock for Q1 2018, down 16% quarter-over-quarter.
- 11 funds opened new Bassett Furniture positions in Q1 2018 and 26 closed out, a net change of -15 holders.
- The largest Bassett Furniture buyer in Q1 2018 was Royce & Associates, an estimated $7.79M added.
- The largest Bassett Furniture seller in Q1 2018 was Millennium Management, an estimated $2.27M sold.
Based on aggregated 13F filings for Q1 2018.