Cheetah Mobile
CMCM
41 hedge funds and large institutions have $61.4M invested in Cheetah Mobile in 2014 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 17 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
12% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 17
3% more funds holding
Funds holding: 40 → 41 (+1)
0.33% less ownership
Funds ownership: 0.78% → 0.46% (-0.33%)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
54% less capital invested
Capital invested by funds: $135M → $61.4M (-$73.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
Hillhouse Investment Management
Grand Cayman,
Cayman Islands
|
+$14.6M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$6.44M |
| 3 |
Millennium Management
New York
|
+$5.34M |
| 4 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$3.15M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$18.1M |
| 2 |
Temasek Holdings
Singapore
|
-$12.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$9.48M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$8.12M |
| 5 |
JP Morgan Chase
New York
|
-$6.72M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
D.E. Shaw & Co
New York
| – | -$367K | -3,455 | Closed |
|
|
LCM
52
Laurion Capital Management
New York
| – | -$212K | -2,000 | Closed |
|
53
Barclays
London,
United Kingdom
| – | -$21K | -200 | Closed |
|
54
Credit Agricole
Montrouge Cedex,
France
| – | -$8K | -70 | Closed |
|
|
PAM
55
Panagora Asset Management
Boston,
Massachusetts
| – | -$6K | -59 | Closed |
|
56
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$2K | -19 | Closed |
|
57
DekaBank Deutsche Girozentrale
Frankfurt,
Germany
| – | -$1K | -13 | Closed |
|
CMCM Hedge Fund Activity: Q3 2014 in Review
41 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Cheetah Mobile (CMCM) for Q3 2014, worth a combined $61.4M — down 54% from $135M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new CMCM positions and 17 closed out — a net gain of 2 holders — while 13 added to existing stakes and 6 trimmed.
The largest buyer was Hillhouse Investment Management, adding an estimated $14.6M. The largest seller was Sculptor Capital, exiting entirely with an estimated $18.1M sold.
- 41 institutional investors held Cheetah Mobile (CMCM) as of Q3 2014, up from 40 in Q2 2014.
- Funds reported $61.4M of Cheetah Mobile stock for Q3 2014, down 54% quarter-over-quarter.
- 19 funds opened new Cheetah Mobile positions in Q3 2014 and 17 closed out, a net change of +2 holders.
- The largest Cheetah Mobile buyer in Q3 2014 was Hillhouse Investment Management, an estimated $14.6M added.
- The largest Cheetah Mobile seller in Q3 2014 was Sculptor Capital, an estimated $18.1M sold.
Based on aggregated 13F filings for Q3 2014.