Costamare
CMRE
81 hedge funds and large institutions have $89.5M invested in Costamare in 2016 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 29 increasing their positions, 17 reducing their positions, and 6 closing their positions.
300% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 6
87% more call options, than puts
Call options by funds: $1.51M | Put options by funds: $810K
71% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 17
27% more funds holding
Funds holding: 64 → 81 (+17)
1.69% more ownership
Funds ownership: 13.81% → 15.5% (+1.7%)
3% less capital invested
Capital invested by funds: $92.3M → $89.5M (-$2.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$5.82M |
| 2 |
State Street
Boston,
Massachusetts
|
+$3.09M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$1.71M |
| 4 |
JIR
James Investment Research
Alpha,
Ohio
|
+$1.7M |
| 5 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
+$980K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$2.02M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.81M |
| 3 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$1.69M |
| 4 |
Morgan Stanley
New York
|
-$1.55M |
| 5 |
D.E. Shaw & Co
New York
|
-$763K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ARMC
76
American Research & Management Company
Marion,
Massachusetts
| $4K | – | – | – |
|
77
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $3K | – | – | – |
|
78
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $2K | – | – | – |
|
79
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| $2K | – | – | – |
|
80
First Manhattan
New York
| $1K | – | – | – |
|
81
Barclays
London,
United Kingdom
| $1K | +$492 | +52 | +55% |
|
|
BIM
82
Bogle Investment Management
Newton Lower Falls,
Massachusetts
| – | -$1.69M | -190,385 | Closed |
|
|
RJA
83
Raymond James & Associates
St Petersburg,
Florida
| – | -$210K | -23,647 | Closed |
|
|
EMG
84
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$109K | -12,200 | Closed |
|
85
First Trust Advisors
Wheaton,
Illinois
| – | -$96K | -10,817 | Closed |
|
|
TRCT
86
Tower Research Capital (TRC)
New York
| – | -$29K | -3,274 | Closed |
|
|
BWA
87
Burt Wealth Advisors
North Bethesda,
Maryland
| – | -$2K | -250 | Closed |
|
CMRE Hedge Fund Activity: Q2 2016 in Review
81 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Costamare (CMRE) for Q2 2016, worth a combined $89.5M — down 3% from $92.3M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new CMRE positions and 6 closed out — a net gain of 18 holders — while 29 added to existing stakes and 17 trimmed.
The largest buyer was BlackRock Fund Advisors, opening a new position worth an estimated $5.82M. The largest seller was Two Sigma Investments, cutting an estimated $2.02M.
- 81 institutional investors held Costamare (CMRE) as of Q2 2016, up from 64 in Q1 2016.
- Funds reported $89.5M of Costamare stock for Q2 2016, down 3% quarter-over-quarter.
- 24 funds opened new Costamare positions in Q2 2016 and 6 closed out, a net change of +18 holders.
- The largest Costamare buyer in Q2 2016 was BlackRock Fund Advisors, an estimated $5.82M added.
- The largest Costamare seller in Q2 2016 was Two Sigma Investments, an estimated $2.02M sold.
Based on aggregated 13F filings for Q2 2016.