Cass Information Systems
CASS
89 hedge funds and large institutions have $264M invested in Cass Information Systems in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 34 increasing their positions, 28 reducing their positions, and 8 closing their positions.
21% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 28
2% less capital invested
Capital invested by funds: $269M → $264M (-$5.46M)
2% less funds holding
Funds holding: 91 → 89 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Atlanta Capital Management
Atlanta,
Georgia
|
+$5.2M |
| 2 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$2.07M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.05M |
| 4 |
QCMNJ
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
|
+$1.57M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
-$5M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$2.35M |
| 3 |
BCM
Brookstone Capital Management
Wheaton,
Illinois
|
-$789K |
| 4 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$554K |
| 5 |
Bank of New York Mellon
New York
|
-$443K |
CASS Hedge Fund Activity: Q2 2014 in Review
89 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Cass Information Systems (CASS) for Q2 2014, worth a combined $264M — down 2% from $269M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of CASS and 6 opened new positions — a net loss of 2 holders — while 28 trimmed existing stakes and 34 added.
The largest buyer was Atlanta Capital Management, adding an estimated $5.2M. The largest seller was Third Avenue Management, exiting entirely with an estimated $5M sold.
- 89 institutional investors held Cass Information Systems (CASS) as of Q2 2014, down from 91 in Q1 2014.
- Funds reported $264M of Cass Information Systems stock for Q2 2014, down 2% quarter-over-quarter.
- 6 funds opened new Cass Information Systems positions in Q2 2014 and 8 closed out, a net change of -2 holders.
- The largest Cass Information Systems buyer in Q2 2014 was Atlanta Capital Management, an estimated $5.2M added.
- The largest Cass Information Systems seller in Q2 2014 was Third Avenue Management, an estimated $5M sold.
Based on aggregated 13F filings for Q2 2014.