CDK Global, Inc.
CDK was delisted on the 5th of July, 2022.
571 hedge funds and large institutions have $7.46B invested in CDK Global, Inc. in 2017 Q2 according to their latest regulatory filings, with 55 funds opening new positions, 173 increasing their positions, 204 reducing their positions, and 74 closing their positions.
298% more call options, than puts
Call options by funds: $91.7M | Put options by funds: $23M
4% less funds holding
Funds holding: 595 → 571 (-24)
7% less capital invested
Capital invested by funds: $8B → $7.46B (-$540M)
15% less repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 204
26% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 74
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
+$47.1M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$46.8M |
| 3 |
JCM
Junto Capital Management
New York
|
+$45.7M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$36.7M |
| 5 |
BlackRock
New York
|
+$32.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$197M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$98.2M |
| 3 |
BRC
Blue Ridge Capital
New York
|
-$74.5M |
| 4 |
Morgan Stanley
New York
|
-$60.2M |
| 5 |
SHCM
Sachem Head Capital Management
New York
|
-$42.3M |
CDK Hedge Fund Activity: Q2 2017 in Review
571 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CDK Global, Inc. (CDK) for Q2 2017, worth a combined $7.46B — down 6.7% from $8B a quarter earlier.
Sellers outnumbered buyers: 74 funds closed out of CDK and 55 opened new positions — a net loss of 19 holders — while 204 trimmed existing stakes and 173 added.
The largest buyer was Jana Partners, opening a new position worth an estimated $47.1M. The largest seller was Iridian Asset Management, exiting entirely with an estimated $197M sold.
- 571 institutional investors held CDK Global, Inc. (CDK) as of Q2 2017, down from 595 in Q1 2017.
- Funds reported $7.46B of CDK Global, Inc. stock for Q2 2017, down 6.7% quarter-over-quarter.
- 55 funds opened new CDK Global, Inc. positions in Q2 2017 and 74 closed out, a net change of -19 holders.
- The largest CDK Global, Inc. buyer in Q2 2017 was Jana Partners, an estimated $47.1M added.
- The largest CDK Global, Inc. seller in Q2 2017 was Iridian Asset Management, an estimated $197M sold.
Based on aggregated 13F filings for Q2 2017.