CDK Global, Inc.
CDK was delisted on the 5th of July, 2022.
530 hedge funds and large institutions have $7.17B invested in CDK Global, Inc. in 2016 Q2 according to their latest regulatory filings, with 65 funds opening new positions, 131 increasing their positions, 204 reducing their positions, and 32 closing their positions.
1,152% more call options, than puts
Call options by funds: $62.8M | Put options by funds: $5.02M
103% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 32
16% more capital invested
Capital invested by funds: $6.19B → $7.17B (+$987M)
6% more funds holding
Funds holding: 502 → 530 (+28)
13% less funds holding in top 10
Funds holding in top 10: 16 → 14 (-2)
36% less repeat investments, than reductions
Existing positions increased: 131 | Existing positions reduced: 204
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$132M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$52.9M |
| 3 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$38.1M |
| 4 |
PCM
Palestra Capital Management
New York
|
+$25M |
| 5 |
WJA
Williams Jones & Associates
New York
|
+$21.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHCM
Sachem Head Capital Management
New York
|
-$192M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$92.9M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$74.3M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
-$59.8M |
| 5 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
-$38.8M |
CDK Hedge Fund Activity: Q2 2016 in Review
530 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in CDK Global, Inc. (CDK) for Q2 2016, worth a combined $7.17B — up 16% from $6.19B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new CDK positions and 32 closed out — a net gain of 33 holders — while 131 added to existing stakes and 204 trimmed.
The largest buyer was Iridian Asset Management, opening a new position worth an estimated $132M. The largest seller was Sachem Head Capital Management, cutting an estimated $192M.
- 530 institutional investors held CDK Global, Inc. (CDK) as of Q2 2016, up from 502 in Q1 2016.
- Funds reported $7.17B of CDK Global, Inc. stock for Q2 2016, up 16% quarter-over-quarter.
- 65 funds opened new CDK Global, Inc. positions in Q2 2016 and 32 closed out, a net change of +33 holders.
- The largest CDK Global, Inc. buyer in Q2 2016 was Iridian Asset Management, an estimated $132M added.
- The largest CDK Global, Inc. seller in Q2 2016 was Sachem Head Capital Management, an estimated $192M sold.
Based on aggregated 13F filings for Q2 2016.