CBIZ
120 hedge funds and large institutions have $476M invested in CBIZ in 2014 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 13 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 35
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
12% more capital invested
Capital invested by funds: $424M → $476M (+$52.4M)
6.3% more ownership
Funds ownership: 98.08% → 104.39% (+6.3%)
2% more funds holding
Funds holding: 118 → 120 (+2)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $54K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$22.7M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$7.7M |
| 3 |
SAM
Skyline Asset Management
Chicago,
Illinois
|
+$4.89M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$3.75M |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
+$3.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$1.55M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.27M |
| 3 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
-$689K |
| 4 |
TGI
Tradewinds Global Investors
Los Angeles,
California
|
-$496K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$486K |
CBZ Hedge Fund Activity: Q1 2014 in Review
120 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in CBIZ (CBZ) for Q1 2014, worth a combined $476M — up 12% from $424M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new CBZ positions and 13 closed out — a net gain of 3 holders — while 44 added to existing stakes and 35 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $22.7M. The largest seller was Renaissance Technologies, cutting an estimated $1.55M.
- 120 institutional investors held CBIZ (CBZ) as of Q1 2014, up from 118 in Q4 2013.
- Funds reported $476M of CBIZ stock for Q1 2014, up 12% quarter-over-quarter.
- 16 funds opened new CBIZ positions in Q1 2014 and 13 closed out, a net change of +3 holders.
- The largest CBIZ buyer in Q1 2014 was Fidelity Investments, an estimated $22.7M added.
- The largest CBIZ seller in Q1 2014 was Renaissance Technologies, an estimated $1.55M sold.
Based on aggregated 13F filings for Q1 2014.