Cherry Hill Mortgage Investment Corp
CHMI
40 hedge funds and large institutions have $88.1M invested in Cherry Hill Mortgage Investment Corp in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 12 closing their positions.
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
8% more funds holding
Funds holding: 37 → 40 (+3)
6% less capital invested
Capital invested by funds: $94.2M → $88.1M (-$6.1M)
7.95% less ownership
Funds ownership: 70.56% → 62.61% (-8%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$9.08M |
| 2 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$3.79M |
| 3 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
+$1.35M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.34M |
| 5 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OC
Orange Capital
Manhasset,
New York
|
-$9.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$6.33M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$4.98M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.05M |
| 5 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$1.75M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of America
Charlotte,
North Carolina
| – | -$37K | -2,060 | Closed |
|
52
BlackRock
New York
| – | +$147 | +8 | New |
|
CHMI Hedge Fund Activity: Q1 2014 in Review
40 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Cherry Hill Mortgage Investment Corp (CHMI) for Q1 2014, worth a combined $88.1M — down 6.5% from $94.2M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CHMI positions and 12 closed out — a net gain of 3 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $9.08M. The largest seller was Orange Capital, exiting entirely with an estimated $9.7M sold.
- 40 institutional investors held Cherry Hill Mortgage Investment Corp (CHMI) as of Q1 2014, up from 37 in Q4 2013.
- Funds reported $88.1M of Cherry Hill Mortgage Investment Corp stock for Q1 2014, down 6.5% quarter-over-quarter.
- 15 funds opened new Cherry Hill Mortgage Investment Corp positions in Q1 2014 and 12 closed out, a net change of +3 holders.
- The largest Cherry Hill Mortgage Investment Corp buyer in Q1 2014 was Wellington Management Group, an estimated $9.08M added.
- The largest Cherry Hill Mortgage Investment Corp seller in Q1 2014 was Orange Capital, an estimated $9.7M sold.
Based on aggregated 13F filings for Q1 2014.