CDK Global, Inc.
CDK was delisted on the 5th of July, 2022.
550 hedge funds and large institutions have $4.95B invested in CDK Global, Inc. in 2019 Q2 according to their latest regulatory filings, with 59 funds opening new positions, 157 increasing their positions, 210 reducing their positions, and 92 closing their positions.
7% less funds holding
Funds holding: 591 → 550 (-41)
16% less capital invested
Capital invested by funds: $5.9B → $4.95B (-$956M)
25% less repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 210
36% less first-time investments, than exits
New positions opened: 59 | Existing positions closed: 92
50% less call options, than puts
Call options by funds: $11M | Put options by funds: $21.9M
67% less funds holding in top 10
Funds holding in top 10: 9 → 3 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$70.4M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$58.9M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$42.3M |
| 4 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$36.3M |
| 5 |
Renaissance Technologies
New York
|
+$26.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
Scharf Investments
Los Gatos,
California
|
-$124M |
| 2 |
CAM
Contour Asset Management
New York
|
-$46.6M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$44.7M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$34.1M |
| 5 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$24.5M |
CDK Hedge Fund Activity: Q2 2019 in Review
550 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in CDK Global, Inc. (CDK) for Q2 2019, worth a combined $4.95B — down 16% from $5.9B a quarter earlier.
Sellers outnumbered buyers: 92 funds closed out of CDK and 59 opened new positions — a net loss of 33 holders — while 210 trimmed existing stakes and 157 added.
The largest buyer was BlackRock, adding an estimated $70.4M. The largest seller was Scharf Investments, cutting an estimated $124M.
- 550 institutional investors held CDK Global, Inc. (CDK) as of Q2 2019, down from 591 in Q1 2019.
- Funds reported $4.95B of CDK Global, Inc. stock for Q2 2019, down 16% quarter-over-quarter.
- 59 funds opened new CDK Global, Inc. positions in Q2 2019 and 92 closed out, a net change of -33 holders.
- The largest CDK Global, Inc. buyer in Q2 2019 was BlackRock, an estimated $70.4M added.
- The largest CDK Global, Inc. seller in Q2 2019 was Scharf Investments, an estimated $124M sold.
Based on aggregated 13F filings for Q2 2019.