BorgWarner
446 hedge funds and large institutions have $10.7B invested in BorgWarner in 2013 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 142 increasing their positions, 188 reducing their positions, and 40 closing their positions.
83% more funds holding in top 10
Funds holding in top 10: 6 → 11 (+5)
60% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 40
15% more capital invested
Capital invested by funds: $9.31B → $10.7B (+$1.39B)
4% more funds holding
Funds holding: 427 → 446 (+19)
2.75% less ownership
Funds ownership: 212.28% → 209.53% (-2.7%)
24% less repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 188
40% less call options, than puts
Call options by funds: $29M | Put options by funds: $48.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$85.4M |
| 2 |
FAM
Fred Alger Management
New York
|
+$64.1M |
| 3 |
RIM
Rainier Investment Management
Seattle,
Washington
|
+$53.7M |
| 4 |
TP
Theleme Partners
London,
United Kingdom
|
+$53.7M |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
+$48.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$79.5M |
| 2 |
CM
Castleark Management
Chicago,
Illinois
|
-$67.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$57.2M |
| 4 |
ICM
IronBridge Capital Management
Oakbrook Terrace,
Illinois
|
-$53.5M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$51.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VRS
476
Virginia Retirement Systems
Richmond,
Virginia
| – | -$313K | -8,259 | Closed |
|
|
SCM
477
Stonebridge Capital Management
Los Angeles,
California
| – | -$299K | -7,895 | Closed |
|
|
CCM
478
Cai Capital Management
New York
| – | -$298K | -7,861 | Closed |
|
|
JIP
479
Jaffetilchin Investment Partners
Tampa,
Florida
| – | -$270K | -7,125 | Closed |
|
|
WP
480
WMS Partners
Towson,
Maryland
| – | -$224K | -5,907 | Closed |
|
|
BIG
481
Blackthorn Investment Group
Overland Park,
Kansas
| – | -$204K | -5,369 | Closed |
|
482
Arrowstreet Capital
Boston,
Massachusetts
| – | -$183K | -4,837 | Closed |
|
|
FHB
483
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$123K | -3,233 | Closed |
|
|
DSI
484
Daiwa SB Investments
Tokyo,
Japan
| – | -$89K | -2,340 | Closed |
|
|
HRIA
485
Haberer Registered Investment Advisor
Cincinnati,
Ohio
| – | -$86K | -2,272 | Closed |
|
|
WAM
486
Wolverine Asset Management
Chicago,
Illinois
| – | -$36.5K | -870 | Closed |
|
|
TSWM
487
Triangle Securities Wealth Management
Raleigh,
North Carolina
| – | -$30K | -779 | Closed |
|
BWA Hedge Fund Activity: Q3 2013 in Review
446 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in BorgWarner (BWA) for Q3 2013, worth a combined $10.7B — up 15% from $9.31B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new BWA positions and 40 closed out — a net gain of 24 holders — while 142 added to existing stakes and 188 trimmed.
The largest buyer was Capital Growth Management, opening a new position worth an estimated $85.4M. The largest seller was PFM Health Sciences, exiting entirely with an estimated $79.5M sold.
- 446 institutional investors held BorgWarner (BWA) as of Q3 2013, up from 427 in Q2 2013.
- Funds reported $10.7B of BorgWarner stock for Q3 2013, up 15% quarter-over-quarter.
- 64 funds opened new BorgWarner positions in Q3 2013 and 40 closed out, a net change of +24 holders.
- The largest BorgWarner buyer in Q3 2013 was Capital Growth Management, an estimated $85.4M added.
- The largest BorgWarner seller in Q3 2013 was PFM Health Sciences, an estimated $79.5M sold.
Based on aggregated 13F filings for Q3 2013.