Codere Online
CDRO
11 hedge funds and large institutions have $30.1M invested in Codere Online in 2022 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 3 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
0% more funds holding
Funds holding: 11 → 11 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
9% less capital invested
Capital invested by funds: $33.1M → $30.1M (-$2.98M)
31.38% less ownership
Funds ownership: 43.87% → 12.49% (-31%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ETC
Exchange Traded Concepts
Oklahoma City,
Oklahoma
|
+$434K |
| 2 |
Barclays
London,
United Kingdom
|
+$392K |
| 3 |
Millennium Management
New York
|
+$279K |
| 4 |
KAM
Knightsbridge Asset Management
Newport Beach,
California
|
+$264K |
| 5 |
MIA
MMBG Investment Advisors
Miami,
Florida
|
+$100K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TLCM
Tiger Legatus Capital Management
New York
|
-$1.22M |
| 2 |
HF
HRT Financial
New York
|
-$134K |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$120K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$94K |
| 5 |
FIA
FNY Investment Advisers
New York
|
-$6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
BAMCO Inc
New York
| $21.7M | – | – | – |
|
|
2
Millennium Management
New York
| $3.34M | +$279K | +47,840 | +9% |
|
|
TLCM
3
Tiger Legatus Capital Management
New York
| $2.76M | -$1.22M | -210,300 | -28% |
|
4
William Blair & Company
Chicago,
Illinois
| $656K | – | – | – |
|
|
ETC
5
Exchange Traded Concepts
Oklahoma City,
Oklahoma
| $409K | +$434K | +74,566 | New |
|
|
6
Barclays
London,
United Kingdom
| $341K | +$392K | +67,282 | New |
|
|
KAM
7
Knightsbridge Asset Management
Newport Beach,
California
| $292K | +$264K | +45,400 | +370% |
|
|
CCA
8
Castle Creek Arbitrage
Avon,
Colorado
| $257K | – | – | – |
|
|
HF
9
HRT Financial
New York
| $237K | -$134K | -23,047 | -35% |
|
|
MIA
10
MMBG Investment Advisors
Miami,
Florida
| $87K | +$100K | +17,200 | New |
|
11
Morgan Stanley
New York
| $34K | +$39K | +6,693 | +95,614% |
|
|
RCM
12
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
| – | -$120K | -19,999 | Closed |
|
|
13
Citadel Advisors
Miami,
Florida
| – | -$94K | -15,650 | Closed |
|
|
FIA
14
FNY Investment Advisers
New York
| – | -$6K | -1,000 | Closed |
|
CDRO Hedge Fund Activity: Q1 2022 in Review
11 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Codere Online (CDRO) for Q1 2022, worth a combined $30.1M — down 9% from $33.1M a quarter earlier.
Fund positioning in CDRO was balanced in Q1 2022: 3 funds opened new positions, 3 closed out, 3 added to existing stakes and 2 trimmed.
The largest buyer was Exchange Traded Concepts, opening a new position worth an estimated $434K. The largest seller was Tiger Legatus Capital Management, cutting an estimated $1.22M.
- 11 institutional investors held Codere Online (CDRO) as of Q1 2022, unchanged from Q4 2021.
- Funds reported $30.1M of Codere Online stock for Q1 2022, down 9% quarter-over-quarter.
- 3 funds opened new Codere Online positions in Q1 2022 and 3 closed out, a net change of 0 holders.
- The largest Codere Online buyer in Q1 2022 was Exchange Traded Concepts, an estimated $434K added.
- The largest Codere Online seller in Q1 2022 was Tiger Legatus Capital Management, an estimated $1.22M sold.
Based on aggregated 13F filings for Q1 2022.