Cass Information Systems
CASS
123 hedge funds and large institutions have $320M invested in Cass Information Systems in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 49 increasing their positions, 34 reducing their positions, and 21 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 34
6.55% more ownership
Funds ownership: 56.18% → 62.73% (+6.5%)
8% less funds holding
Funds holding: 133 → 123 (-10)
29% less call options, than puts
Call options by funds: $281K | Put options by funds: $394K
32% less capital invested
Capital invested by funds: $470M → $320M (-$150M)
38% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BSW
Buckingham Strategic Wealth
Clayton,
Missouri
|
+$42M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
+$10.8M |
| 3 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$6.11M |
| 4 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
+$6.1M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$4.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$21.8M |
| 2 |
HA
Homestead Advisers
Arlington,
Virginia
|
-$5.76M |
| 3 |
Bank of New York Mellon
New York
|
-$2.02M |
| 4 |
PC
Port Capital
Chicago,
Illinois
|
-$1.86M |
| 5 |
TFA
TPG Financial Advisors
Portland,
Oregon
|
-$1.12M |
CASS Hedge Fund Activity: Q1 2020 in Review
123 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Cass Information Systems (CASS) for Q1 2020, worth a combined $320M — down 32% from $470M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of CASS and 13 opened new positions — a net loss of 8 holders — while 34 trimmed existing stakes and 49 added.
The largest buyer was Buckingham Strategic Wealth, adding an estimated $42M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $21.8M.
- 123 institutional investors held Cass Information Systems (CASS) as of Q1 2020, down from 133 in Q4 2019.
- Funds reported $320M of Cass Information Systems stock for Q1 2020, down 32% quarter-over-quarter.
- 13 funds opened new Cass Information Systems positions in Q1 2020 and 21 closed out, a net change of -8 holders.
- The largest Cass Information Systems buyer in Q1 2020 was Buckingham Strategic Wealth, an estimated $42M added.
- The largest Cass Information Systems seller in Q1 2020 was Kayne Anderson Rudnick Investment Management, an estimated $21.8M sold.
Based on aggregated 13F filings for Q1 2020.