CDK Global, Inc.
CDK was delisted on the 5th of July, 2022.
591 hedge funds and large institutions have $5.9B invested in CDK Global, Inc. in 2019 Q1 according to their latest regulatory filings, with 86 funds opening new positions, 177 increasing their positions, 190 reducing their positions, and 64 closing their positions.
125% more funds holding in top 10
Funds holding in top 10: 4 → 9 (+5)
34% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 64
21% more capital invested
Capital invested by funds: $4.86B → $5.9B (+$1.04B)
3% more funds holding
Funds holding: 572 → 591 (+19)
7% less repeat investments, than reductions
Existing positions increased: 177 | Existing positions reduced: 190
45% less call options, than puts
Call options by funds: $14.2M | Put options by funds: $26M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Contour Asset Management
New York
|
+$73.8M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$70.9M |
| 3 |
JP Morgan Chase
New York
|
+$45.3M |
| 4 |
D.E. Shaw & Co
New York
|
+$38.2M |
| 5 |
State Street
Boston,
Massachusetts
|
+$30.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$202M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$115M |
| 3 |
SIG
Senator Investment Group
New York
|
-$67M |
| 4 |
FPP
Findlay Park Partners
London,
United Kingdom
|
-$59.9M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$40.7M |
CDK Hedge Fund Activity: Q1 2019 in Review
591 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in CDK Global, Inc. (CDK) for Q1 2019, worth a combined $5.9B — up 21% from $4.86B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new CDK positions and 64 closed out — a net gain of 22 holders — while 177 added to existing stakes and 190 trimmed.
The largest buyer was Contour Asset Management, opening a new position worth an estimated $73.8M. The largest seller was T. Rowe Price Associates, cutting an estimated $202M.
- 591 institutional investors held CDK Global, Inc. (CDK) as of Q1 2019, up from 572 in Q4 2018.
- Funds reported $5.9B of CDK Global, Inc. stock for Q1 2019, up 21% quarter-over-quarter.
- 86 funds opened new CDK Global, Inc. positions in Q1 2019 and 64 closed out, a net change of +22 holders.
- The largest CDK Global, Inc. buyer in Q1 2019 was Contour Asset Management, an estimated $73.8M added.
- The largest CDK Global, Inc. seller in Q1 2019 was T. Rowe Price Associates, an estimated $202M sold.
Based on aggregated 13F filings for Q1 2019.