CBIZ
102 hedge funds and large institutions have $306M invested in CBIZ in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 44 increasing their positions, 32 reducing their positions, and 13 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 32
14% more capital invested
Capital invested by funds: $268M → $306M (+$37.4M)
2.55% more ownership
Funds ownership: 78.06% → 80.61% (+2.6%)
6% less funds holding
Funds holding: 108 → 102 (-6)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$28.9M |
| 2 |
SAM
Skyline Asset Management
Chicago,
Illinois
|
+$4.65M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$2.14M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.78M |
| 5 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$1.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAS
Sarbit Advisory Services
Winnipeg,
Manitoba, Canada
|
-$25.2M |
| 2 |
TGI
Tradewinds Global Investors
Los Angeles,
California
|
-$3.61M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.99M |
| 4 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
-$1.47M |
| 5 |
PCP
P2 Capital Partners
New York
|
-$1.08M |
CBZ Hedge Fund Activity: Q3 2013 in Review
102 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in CBIZ (CBZ) for Q3 2013, worth a combined $306M — up 14% from $268M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of CBZ and 7 opened new positions — a net loss of 6 holders — while 32 trimmed existing stakes and 44 added.
The largest buyer was Burgundy Asset Management, adding an estimated $28.9M. The largest seller was Sarbit Advisory Services, exiting entirely with an estimated $25.2M sold.
- 102 institutional investors held CBIZ (CBZ) as of Q3 2013, down from 108 in Q2 2013.
- Funds reported $306M of CBIZ stock for Q3 2013, up 14% quarter-over-quarter.
- 7 funds opened new CBIZ positions in Q3 2013 and 13 closed out, a net change of -6 holders.
- The largest CBIZ buyer in Q3 2013 was Burgundy Asset Management, an estimated $28.9M added.
- The largest CBIZ seller in Q3 2013 was Sarbit Advisory Services, an estimated $25.2M sold.
Based on aggregated 13F filings for Q3 2013.