BlueLinx
BXC
57 hedge funds and large institutions have $38.7M invested in BlueLinx in 2020 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 15 closing their positions.
8,925% more call options, than puts
Call options by funds: $361K | Put options by funds: $4K
4.78% less ownership
Funds ownership: 88.16% → 83.38% (-4.8%)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
14% less funds holding
Funds holding: 66 → 57 (-9)
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
67% less capital invested
Capital invested by funds: $118M → $38.7M (-$79M)
80% less funds holding in top 10
Funds holding in top 10: 5 → 1 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Solas Capital Management
Darien,
Connecticut
|
+$4.18M |
| 2 |
Morgan Stanley
New York
|
+$1.45M |
| 3 |
D.E. Shaw & Co
New York
|
+$346K |
| 4 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
+$236K |
| 5 |
BlackRock
New York
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
-$4.23M |
| 2 |
GJL
Gendell Jeffrey L
|
-$3.37M |
| 3 |
Millennium Management
New York
|
-$1.79M |
| 4 |
Goldman Sachs
New York
|
-$564K |
| 5 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
-$500K |
BXC Hedge Fund Activity: Q1 2020 in Review
57 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in BlueLinx (BXC) for Q1 2020, worth a combined $38.7M — down 67% from $118M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of BXC and 6 opened new positions — a net loss of 9 holders — while 20 trimmed existing stakes and 18 added.
The largest buyer was Solas Capital Management, adding an estimated $4.18M. The largest seller was Coliseum Capital Management, cutting an estimated $4.23M.
- 57 institutional investors held BlueLinx (BXC) as of Q1 2020, down from 66 in Q4 2019.
- Funds reported $38.7M of BlueLinx stock for Q1 2020, down 67% quarter-over-quarter.
- 6 funds opened new BlueLinx positions in Q1 2020 and 15 closed out, a net change of -9 holders.
- The largest BlueLinx buyer in Q1 2020 was Solas Capital Management, an estimated $4.18M added.
- The largest BlueLinx seller in Q1 2020 was Coliseum Capital Management, an estimated $4.23M sold.
Based on aggregated 13F filings for Q1 2020.