Cass Information Systems
CASS
88 hedge funds and large institutions have $230M invested in Cass Information Systems in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 30 increasing their positions, 27 reducing their positions, and 5 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 27
1% less funds holding
Funds holding: 89 → 88 (-1)
13% less capital invested
Capital invested by funds: $264M → $230M (-$33.4M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QCMNJ
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
|
+$6.94M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$3.09M |
| 3 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$2.71M |
| 4 |
Morgan Stanley
New York
|
+$1.93M |
| 5 |
Renaissance Technologies
New York
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$2.47M |
| 2 |
Bank of New York Mellon
New York
|
-$1.03M |
| 3 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$524K |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$393K |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$368K |
CASS Hedge Fund Activity: Q3 2014 in Review
88 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Cass Information Systems (CASS) for Q3 2014, worth a combined $230M — down 13% from $264M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of CASS and 4 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 30 added.
The largest buyer was Quantum Capital Management (New Jersey), adding an estimated $6.94M. The largest seller was Riverbridge Partners, cutting an estimated $2.47M.
- 88 institutional investors held Cass Information Systems (CASS) as of Q3 2014, down from 89 in Q2 2014.
- Funds reported $230M of Cass Information Systems stock for Q3 2014, down 13% quarter-over-quarter.
- 4 funds opened new Cass Information Systems positions in Q3 2014 and 5 closed out, a net change of -1 holder.
- The largest Cass Information Systems buyer in Q3 2014 was Quantum Capital Management (New Jersey), an estimated $6.94M added.
- The largest Cass Information Systems seller in Q3 2014 was Riverbridge Partners, an estimated $2.47M sold.
Based on aggregated 13F filings for Q3 2014.