Bassett Furniture
BSET
80 hedge funds and large institutions have $165M invested in Bassett Furniture in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 35 increasing their positions, 24 reducing their positions, and 20 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 24
0.6% more ownership
Funds ownership: 72.2% → 72.8% (+0.6%)
17% less funds holding
Funds holding: 96 → 80 (-16)
23% less capital invested
Capital invested by funds: $214M → $165M (-$49M)
75% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$2.76M |
| 2 |
Renaissance Technologies
New York
|
+$1.26M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$1.18M |
| 4 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
+$1M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$856K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$5.62M |
| 2 |
Morgan Stanley
New York
|
-$1.38M |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$1.32M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.01M |
| 5 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$953K |
BSET Hedge Fund Activity: Q3 2018 in Review
80 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Bassett Furniture (BSET) for Q3 2018, worth a combined $165M — down 23% from $214M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BSET and 5 opened new positions — a net loss of 15 holders — while 24 trimmed existing stakes and 35 added.
The largest buyer was Assenagon Asset Management, opening a new position worth an estimated $2.76M. The largest seller was Royce & Associates, cutting an estimated $5.62M.
- 80 institutional investors held Bassett Furniture (BSET) as of Q3 2018, down from 96 in Q2 2018.
- Funds reported $165M of Bassett Furniture stock for Q3 2018, down 23% quarter-over-quarter.
- 5 funds opened new Bassett Furniture positions in Q3 2018 and 20 closed out, a net change of -15 holders.
- The largest Bassett Furniture buyer in Q3 2018 was Assenagon Asset Management, an estimated $2.76M added.
- The largest Bassett Furniture seller in Q3 2018 was Royce & Associates, an estimated $5.62M sold.
Based on aggregated 13F filings for Q3 2018.