BlueLinx
BXC
66 hedge funds and large institutions have $118M invested in BlueLinx in 2019 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 13 reducing their positions, and 17 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 13
36% more call options, than puts
Call options by funds: $1.51M | Put options by funds: $1.1M
2.95% more ownership
Funds ownership: 85.2% → 88.16% (+3%)
10% less funds holding
Funds holding: 73 → 66 (-7)
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
54% less capital invested
Capital invested by funds: $258M → $118M (-$140M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GJL
Gendell Jeffrey L
|
+$6.2M |
| 2 |
NGA
New Generation Advisors
Manchester,
Massachusetts
|
+$3.69M |
| 3 |
SCM
Solas Capital Management
Darien,
Connecticut
|
+$3.03M |
| 4 |
Millennium Management
New York
|
+$2.58M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
PA Capital
Richmond,
Virginia
|
-$6.09M |
| 2 |
VCM
Venator Capital Management
Toronto,
Ontario, Canada
|
-$2.87M |
| 3 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$2.44M |
| 4 |
VNB
Virginia National Bank
Charlottesville,
Virginia
|
-$2.22M |
| 5 |
ES
Equitec Specialists
Chicago,
Illinois
|
-$1.63M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WPC
76
White Pine Capital
Bloomington,
Minnesota
| – | -$496K | -15,350 | Closed |
|
|
DFAM
77
Deep Field Asset Management
Beverly Hills,
California
| – | -$399K | -12,327 | Closed |
|
78
AllianceBernstein
Nashville,
Tennessee
| – | -$330K | -10,200 | Closed |
|
|
MIM
79
MetLife Investment Management
Whippany,
New Jersey
| – | -$137K | -4,247 | Closed |
|
|
MLICM
80
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$99.5K | -3,079 | Closed |
|
81
Victory Capital Management
San Antonio,
Texas
| – | -$51K | -1,582 | Closed |
|
|
CG
82
Cutler Group
San Francisco,
California
| – | -$29K | -900 | Closed |
|
|
QT
83
Quantamental Technologies
White Plains,
New York
| – | -$27K | -835 | Closed |
|
BXC Hedge Fund Activity: Q4 2019 in Review
66 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in BlueLinx (BXC) for Q4 2019, worth a combined $118M — down 54% from $258M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of BXC and 10 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 26 added.
The largest buyer was Gendell Jeffrey L, adding an estimated $6.2M. The largest seller was PA Capital, exiting entirely with an estimated $6.09M sold.
- 66 institutional investors held BlueLinx (BXC) as of Q4 2019, down from 73 in Q3 2019.
- Funds reported $118M of BlueLinx stock for Q4 2019, down 54% quarter-over-quarter.
- 10 funds opened new BlueLinx positions in Q4 2019 and 17 closed out, a net change of -7 holders.
- The largest BlueLinx buyer in Q4 2019 was Gendell Jeffrey L, an estimated $6.2M added.
- The largest BlueLinx seller in Q4 2019 was PA Capital, an estimated $6.09M sold.
Based on aggregated 13F filings for Q4 2019.