Callaway Golf Company
CALY
164 hedge funds and large institutions have $607M invested in Callaway Golf Company in 2014 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 68 increasing their positions, 52 reducing their positions, and 25 closing their positions.
63% more call options, than puts
Call options by funds: $1.1M | Put options by funds: $676K
31% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 52
0.31% more ownership
Funds ownership: 93.79% → 94.1% (+0.31%)
4% less funds holding
Funds holding: 171 → 164 (-7)
18% less capital invested
Capital invested by funds: $740M → $607M (-$133M)
28% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 25
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$16.9M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$12.2M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$6.31M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$5.69M |
| 5 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$4.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$18.9M |
| 2 |
Primecap Management
Pasadena,
California
|
-$7.74M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$7.38M |
| 4 |
RA
Royce & Associates
New York
|
-$6.78M |
| 5 |
EWP
Edmunds White Partners
Richmond,
Virginia
|
-$3.26M |
CALY Hedge Fund Activity: Q2 2014 in Review
164 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Callaway Golf Company (CALY) for Q2 2014, worth a combined $607M — down 18% from $740M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of CALY and 18 opened new positions — a net loss of 7 holders — while 52 trimmed existing stakes and 68 added.
The largest buyer was Granahan Investment Management, opening a new position worth an estimated $16.9M. The largest seller was Wedge Capital Management, exiting entirely with an estimated $18.9M sold.
- 164 institutional investors held Callaway Golf Company (CALY) as of Q2 2014, down from 171 in Q1 2014.
- Funds reported $607M of Callaway Golf Company stock for Q2 2014, down 18% quarter-over-quarter.
- 18 funds opened new Callaway Golf Company positions in Q2 2014 and 25 closed out, a net change of -7 holders.
- The largest Callaway Golf Company buyer in Q2 2014 was Granahan Investment Management, an estimated $16.9M added.
- The largest Callaway Golf Company seller in Q2 2014 was Wedge Capital Management, an estimated $18.9M sold.
Based on aggregated 13F filings for Q2 2014.