CDK Global, Inc.
CDK was delisted on the 5th of July, 2022.
595 hedge funds and large institutions have $8B invested in CDK Global, Inc. in 2017 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 159 increasing their positions, 222 reducing their positions, and 40 closing their positions.
202% more call options, than puts
Call options by funds: $121M | Put options by funds: $40.2M
70% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 40
8% more capital invested
Capital invested by funds: $7.38B → $8B (+$619M)
3% more funds holding
Funds holding: 577 → 595 (+18)
8% less funds holding in top 10
Funds holding in top 10: 12 → 11 (-1)
28% less repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 222
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$831M |
| 2 |
FPP
Findlay Park Partners
London,
United Kingdom
|
+$49.6M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$45.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$44.8M |
| 5 |
Morgan Stanley
New York
|
+$40.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHCM
Sachem Head Capital Management
New York
|
-$120M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$68.2M |
| 3 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$68M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$48.3M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$41.6M |
CDK Hedge Fund Activity: Q1 2017 in Review
595 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in CDK Global, Inc. (CDK) for Q1 2017, worth a combined $8B — up 8.4% from $7.38B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new CDK positions and 40 closed out — a net gain of 28 holders — while 159 added to existing stakes and 222 trimmed.
The largest buyer was BlackRock, adding an estimated $831M. The largest seller was Sachem Head Capital Management, cutting an estimated $120M.
- 595 institutional investors held CDK Global, Inc. (CDK) as of Q1 2017, up from 577 in Q4 2016.
- Funds reported $8B of CDK Global, Inc. stock for Q1 2017, up 8.4% quarter-over-quarter.
- 68 funds opened new CDK Global, Inc. positions in Q1 2017 and 40 closed out, a net change of +28 holders.
- The largest CDK Global, Inc. buyer in Q1 2017 was BlackRock, an estimated $831M added.
- The largest CDK Global, Inc. seller in Q1 2017 was Sachem Head Capital Management, an estimated $120M sold.
Based on aggregated 13F filings for Q1 2017.