CNA Financial
CNA
138 hedge funds and large institutions have $11.5B invested in CNA Financial in 2013 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 44 increasing their positions, 47 reducing their positions, and 7 closing their positions.
257% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 7
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
15% more funds holding
Funds holding: 120 → 138 (+18)
13% more capital invested
Capital invested by funds: $10.2B → $11.5B (+$1.29B)
0.24% more ownership
Funds ownership: 99.03% → 99.28% (+0.24%)
6% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 47
30% less call options, than puts
Call options by funds: $408K | Put options by funds: $587K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$20.7M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$10.1M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$8M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$5.42M |
| 5 |
GC
Globeflex Capital
San Diego,
California
|
+$4.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSC
Donald Smith & Co
New York
|
-$24.2M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$10.7M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$7.77M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$6.94M |
| 5 |
Millennium Management
New York
|
-$5.74M |
CNA Hedge Fund Activity: Q4 2013 in Review
138 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in CNA Financial (CNA) for Q4 2013, worth a combined $11.5B — up 13% from $10.2B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new CNA positions and 7 closed out — a net gain of 18 holders — while 44 added to existing stakes and 47 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $20.7M. The largest seller was Donald Smith & Co, cutting an estimated $24.2M.
- 138 institutional investors held CNA Financial (CNA) as of Q4 2013, up from 120 in Q3 2013.
- Funds reported $11.5B of CNA Financial stock for Q4 2013, up 13% quarter-over-quarter.
- 25 funds opened new CNA Financial positions in Q4 2013 and 7 closed out, a net change of +18 holders.
- The largest CNA Financial buyer in Q4 2013 was T. Rowe Price Associates, an estimated $20.7M added.
- The largest CNA Financial seller in Q4 2013 was Donald Smith & Co, an estimated $24.2M sold.
Based on aggregated 13F filings for Q4 2013.