CDK Global, Inc.
CDK was delisted on the 5th of July, 2022.
625 hedge funds and large institutions have $8.22B invested in CDK Global, Inc. in 2017 Q4 according to their latest regulatory filings, with 116 funds opening new positions, 142 increasing their positions, 236 reducing their positions, and 43 closing their positions.
908% more call options, than puts
Call options by funds: $143M | Put options by funds: $14.1M
170% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 43
30% more funds holding in top 10
Funds holding in top 10: 10 → 13 (+3)
13% more funds holding
Funds holding: 555 → 625 (+70)
7% more capital invested
Capital invested by funds: $7.67B → $8.22B (+$551M)
40% less repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 236
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
Scharf Investments
Los Gatos,
California
|
+$109M |
| 2 |
HCM
Highline Capital Management
New York
|
+$97.7M |
| 3 |
SHCM
Sachem Head Capital Management
New York
|
+$62.1M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$40.5M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$28.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$176M |
| 2 |
BRC
Blue Ridge Capital
New York
|
-$85.8M |
| 3 |
MAI
Marble Arch Investments
New York
|
-$62.9M |
| 4 |
SCA
Southpoint Capital Advisors
New York
|
-$52M |
| 5 |
LCM
Lakewood Capital Management
New York
|
-$47M |
CDK Hedge Fund Activity: Q4 2017 in Review
625 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in CDK Global, Inc. (CDK) for Q4 2017, worth a combined $8.22B — up 7.2% from $7.67B a quarter earlier.
Buyers outnumbered sellers: 116 funds opened new CDK positions and 43 closed out — a net gain of 73 holders — while 142 added to existing stakes and 236 trimmed.
The largest buyer was Scharf Investments, opening a new position worth an estimated $109M. The largest seller was Orbis Allan Gray, exiting entirely with an estimated $176M sold.
- 625 institutional investors held CDK Global, Inc. (CDK) as of Q4 2017, up from 555 in Q3 2017.
- Funds reported $8.22B of CDK Global, Inc. stock for Q4 2017, up 7.2% quarter-over-quarter.
- 116 funds opened new CDK Global, Inc. positions in Q4 2017 and 43 closed out, a net change of +73 holders.
- The largest CDK Global, Inc. buyer in Q4 2017 was Scharf Investments, an estimated $109M added.
- The largest CDK Global, Inc. seller in Q4 2017 was Orbis Allan Gray, an estimated $176M sold.
Based on aggregated 13F filings for Q4 2017.