Cardinal Health
771 hedge funds and large institutions have $21.3B invested in Cardinal Health in 2016 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 251 increasing their positions, 335 reducing their positions, and 74 closing their positions.
2% less call options, than puts
Call options by funds: $97.7M | Put options by funds: $99.3M
5% less capital invested
Capital invested by funds: $22.4B → $21.3B (-$1.09B)
1.67% less ownership
Funds ownership: 88.11% → 86.44% (-1.7%)
4% less funds holding
Funds holding: 807 → 771 (-36)
23% less funds holding in top 10
Funds holding in top 10: 13 → 10 (-3)
25% less repeat investments, than reductions
Existing positions increased: 251 | Existing positions reduced: 335
38% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 74
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$301M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$191M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$117M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$88.9M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$75.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$713M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$196M |
| 3 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$183M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$129M |
| 5 |
JP Morgan Chase
New York
|
-$70.8M |
CAH Hedge Fund Activity: Q3 2016 in Review
771 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Cardinal Health (CAH) for Q3 2016, worth a combined $21.3B — down 4.9% from $22.4B a quarter earlier.
Sellers outnumbered buyers: 74 funds closed out of CAH and 46 opened new positions — a net loss of 28 holders — while 335 trimmed existing stakes and 251 added.
The largest buyer was Barrow, Hanley, Mewhinney & Strauss, adding an estimated $301M. The largest seller was Macquarie Group, cutting an estimated $713M.
- 771 institutional investors held Cardinal Health (CAH) as of Q3 2016, down from 807 in Q2 2016.
- Funds reported $21.3B of Cardinal Health stock for Q3 2016, down 4.9% quarter-over-quarter.
- 46 funds opened new Cardinal Health positions in Q3 2016 and 74 closed out, a net change of -28 holders.
- The largest Cardinal Health buyer in Q3 2016 was Barrow, Hanley, Mewhinney & Strauss, an estimated $301M added.
- The largest Cardinal Health seller in Q3 2016 was Macquarie Group, an estimated $713M sold.
Based on aggregated 13F filings for Q3 2016.