Cross Country Healthcare
CCRN
134 hedge funds and large institutions have $294M invested in Cross Country Healthcare in 2018 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 63 increasing their positions, 35 reducing their positions, and 25 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 35
2.79% more ownership
Funds ownership: 89.91% → 92.7% (+2.8%)
5% less funds holding
Funds holding: 141 → 134 (-7)
20% less capital invested
Capital invested by funds: $368M → $294M (-$74.5M)
24% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 25
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BSP
Benefit Street Partners
New York
|
+$13.7M |
| 2 |
2L
22NW LP
Seattle,
Washington
|
+$3.12M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.78M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.68M |
| 5 |
TAM
Tocqueville Asset Management
New York
|
+$2.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$12M |
| 2 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$7.44M |
| 3 |
EC
Engaged Capital
Newport Beach,
California
|
-$2.34M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$2.03M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$1.55M |
CCRN Hedge Fund Activity: Q3 2018 in Review
134 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Cross Country Healthcare (CCRN) for Q3 2018, worth a combined $294M — down 20% from $368M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of CCRN and 19 opened new positions — a net loss of 6 holders — while 35 trimmed existing stakes and 63 added.
The largest buyer was Benefit Street Partners, opening a new position worth an estimated $13.7M. The largest seller was Wellington Management Group, cutting an estimated $12M.
- 134 institutional investors held Cross Country Healthcare (CCRN) as of Q3 2018, down from 141 in Q2 2018.
- Funds reported $294M of Cross Country Healthcare stock for Q3 2018, down 20% quarter-over-quarter.
- 19 funds opened new Cross Country Healthcare positions in Q3 2018 and 25 closed out, a net change of -6 holders.
- The largest Cross Country Healthcare buyer in Q3 2018 was Benefit Street Partners, an estimated $13.7M added.
- The largest Cross Country Healthcare seller in Q3 2018 was Wellington Management Group, an estimated $12M sold.
Based on aggregated 13F filings for Q3 2018.