Cass Information Systems
CASS
125 hedge funds and large institutions have $288M invested in Cass Information Systems in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 55 increasing their positions, 37 reducing their positions, and 11 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 37
14% more call options, than puts
Call options by funds: $119K | Put options by funds: $104K
0.35% less ownership
Funds ownership: 56.88% → 56.52% (-0.35%)
5% less capital invested
Capital invested by funds: $303M → $288M (-$14.8M)
9% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 11
2% less funds holding
Funds holding: 127 → 125 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$3.65M |
| 2 |
TCM
Tributary Capital Management
Omaha,
Nebraska
|
+$1.71M |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$1.62M |
| 4 |
BlackRock
New York
|
+$1.15M |
| 5 |
ProShare Advisors
Bethesda,
Maryland
|
+$1.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$7.79M |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$2.19M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.48M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.32M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$931K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
126
Hotchkis & Wiley Capital Management
Los Angeles,
California
| – | -$7.79M | -200,940 | Closed |
|
|
ICM
127
Invenomic Capital Management
Boston,
Massachusetts
| – | -$2.19M | -56,535 | Closed |
|
|
128
First Trust Advisors
Wheaton,
Illinois
| – | -$1.48M | -38,220 | Closed |
|
129
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$581K | -14,977 | Closed |
|
|
SO
130
STRS Ohio
Columbus,
Ohio
| – | -$438K | -11,300 | Closed |
|
|
RWM
131
Ritholtz Wealth Management
New York
| – | -$382K | -9,858 | Closed |
|
132
Renaissance Technologies
New York
| – | -$367K | -9,460 | Closed |
|
133
SEI Investments
Oaks,
Pennsylvania
| – | -$313K | -8,069 | Closed |
|
134
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$274K | -7,062 | Closed |
|
135
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$12.5K | -322 | Closed |
|
|
CFGS
136
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$843 | -22 | Closed |
|
CASS Hedge Fund Activity: Q3 2023 in Review
125 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Cass Information Systems (CASS) for Q3 2023, worth a combined $288M — down 4.9% from $303M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of CASS and 10 opened new positions — a net loss of 1 holder — while 37 trimmed existing stakes and 55 added.
The largest buyer was Royce & Associates, adding an estimated $3.65M. The largest seller was Hotchkis & Wiley Capital Management, exiting entirely with an estimated $7.79M sold.
- 125 institutional investors held Cass Information Systems (CASS) as of Q3 2023, down from 127 in Q2 2023.
- Funds reported $288M of Cass Information Systems stock for Q3 2023, down 4.9% quarter-over-quarter.
- 10 funds opened new Cass Information Systems positions in Q3 2023 and 11 closed out, a net change of -1 holder.
- The largest Cass Information Systems buyer in Q3 2023 was Royce & Associates, an estimated $3.65M added.
- The largest Cass Information Systems seller in Q3 2023 was Hotchkis & Wiley Capital Management, an estimated $7.79M sold.
Based on aggregated 13F filings for Q3 2023.