Callaway Golf Company
CALY
171 hedge funds and large institutions have $740M invested in Callaway Golf Company in 2014 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 48 increasing their positions, 72 reducing their positions, and 39 closing their positions.
22% more capital invested
Capital invested by funds: $607M → $740M (+$133M)
2.89% less ownership
Funds ownership: 96.68% → 93.79% (-2.9%)
6% less funds holding
Funds holding: 181 → 171 (-10)
23% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 39
33% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 72
77% less call options, than puts
Call options by funds: $827K | Put options by funds: $3.64M
Top Buyers
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$19.8M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$16.4M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$6.3M |
| 4 |
SAM
Scopus Asset Management
New York
|
+$5.61M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$4.35M |
Top Sellers
| 1 |
RA
Royce & Associates
New York
|
-$10.6M |
| 2 |
Morgan Stanley
New York
|
-$4.98M |
| 3 |
KIA
King Investment Advisors
Houston,
Texas
|
-$4.59M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$4.47M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$3.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Credit Agricole
Montrouge Cedex,
France
| – | -$99K | -11,719 | Closed |
|
|
PFS
202
Prospera Financial Services
Dallas,
Texas
| – | -$93K | -11,000 | Closed |
|
|
PC
203
Passport Capital
San Francisco,
California
| – | -$90K | -10,714 | Closed |
|
|
GCP
204
GSA Capital Partners
London,
United Kingdom
| – | -$89K | -10,556 | Closed |
|
|
BGIM
205
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$89K | -10,500 | Closed |
|
|
NI
206
Numeric Investors
Boston,
Massachusetts
| – | -$88K | -10,400 | Closed |
|
|
PAG
207
Private Advisor Group
Morristown,
New Jersey
| – | -$86K | -10,254 | Closed |
|
|
QT
208
Quantbot Technologies
New York
| – | -$8K | -1,000 | Closed |
|
|
HNB
209
Huntington National Bank
Columbus,
Ohio
| – | -$1K | -170 | Closed |
|
CALY Hedge Fund Activity: Q1 2014 in Review
171 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Callaway Golf Company (CALY) for Q1 2014, worth a combined $740M — up 22% from $607M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of CALY and 30 opened new positions — a net loss of 9 holders — while 72 trimmed existing stakes and 48 added.
The largest buyer was THB Asset Management, opening a new position worth an estimated $19.8M. The largest seller was Royce & Associates, cutting an estimated $10.6M.
- 171 institutional investors held Callaway Golf Company (CALY) as of Q1 2014, down from 181 in Q4 2013.
- Funds reported $740M of Callaway Golf Company stock for Q1 2014, up 22% quarter-over-quarter.
- 30 funds opened new Callaway Golf Company positions in Q1 2014 and 39 closed out, a net change of -9 holders.
- The largest Callaway Golf Company buyer in Q1 2014 was THB Asset Management, an estimated $19.8M added.
- The largest Callaway Golf Company seller in Q1 2014 was Royce & Associates, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2014.