CDK Global, Inc.
CDK was delisted on the 5th of July, 2022.
603 hedge funds and large institutions have $7.22B invested in CDK Global, Inc. in 2018 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 154 increasing their positions, 228 reducing their positions, and 73 closing their positions.
868% more call options, than puts
Call options by funds: $101M | Put options by funds: $10.4M
4% less funds holding
Funds holding: 625 → 603 (-22)
12% less capital invested
Capital invested by funds: $8.22B → $7.22B (-$998M)
25% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 73
31% less funds holding in top 10
Funds holding in top 10: 13 → 9 (-4)
32% less repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 228
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIG
Senator Investment Group
New York
|
+$147M |
| 2 |
PPC
Park Presidio Capital
San Francisco,
California
|
+$68.2M |
| 3 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
+$61.6M |
| 4 |
BlackRock
New York
|
+$60.2M |
| 5 |
SI
Scharf Investments
Los Gatos,
California
|
+$57.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
-$104M |
| 2 |
State Farm Mutual Automobile Insurance
Bloomington,
Illinois
|
-$87.5M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$50M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$32.4M |
| 5 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$31.8M |
CDK Hedge Fund Activity: Q1 2018 in Review
603 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in CDK Global, Inc. (CDK) for Q1 2018, worth a combined $7.22B — down 12% from $8.22B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of CDK and 55 opened new positions — a net loss of 18 holders — while 228 trimmed existing stakes and 154 added.
The largest buyer was Senator Investment Group, opening a new position worth an estimated $147M. The largest seller was Highline Capital Management, exiting entirely with an estimated $104M sold.
- 603 institutional investors held CDK Global, Inc. (CDK) as of Q1 2018, down from 625 in Q4 2017.
- Funds reported $7.22B of CDK Global, Inc. stock for Q1 2018, down 12% quarter-over-quarter.
- 55 funds opened new CDK Global, Inc. positions in Q1 2018 and 73 closed out, a net change of -18 holders.
- The largest CDK Global, Inc. buyer in Q1 2018 was Senator Investment Group, an estimated $147M added.
- The largest CDK Global, Inc. seller in Q1 2018 was Highline Capital Management, an estimated $104M sold.
Based on aggregated 13F filings for Q1 2018.