CNA Financial
120 hedge funds and large institutions have $10.2B invested in CNA Financial in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 45 increasing their positions, 44 reducing their positions, and 21 closing their positions.
17% more capital invested
Capital invested by funds: $8.72B → $10.2B (+$1.48B)
2% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 44
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
0.11% less ownership
Funds ownership: 99.14% → 99.03% (-0.11%)
6% less funds holding
Funds holding: 128 → 120 (-8)
33% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 21
40% less call options, than puts
Call options by funds: $191K | Put options by funds: $321K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$61.7M |
| 2 |
BG
BlackRock Group
London,
United Kingdom
|
+$6.27M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$6M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$5.78M |
| 5 |
PP
Prospector Partners
Guilford,
Connecticut
|
+$5.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSC
Donald Smith & Co
New York
|
-$29.5M |
| 2 |
Millennium Management
New York
|
-$15.3M |
| 3 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$8.92M |
| 4 |
TGI
Tradewinds Global Investors
Los Angeles,
California
|
-$7.2M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$6.8M |
CNA Hedge Fund Activity: Q3 2013 in Review
120 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in CNA Financial (CNA) for Q3 2013, worth a combined $10.2B — up 17% from $8.72B a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of CNA and 14 opened new positions — a net loss of 7 holders — while 44 trimmed existing stakes and 45 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $61.7M. The largest seller was Donald Smith & Co, cutting an estimated $29.5M.
- 120 institutional investors held CNA Financial (CNA) as of Q3 2013, down from 128 in Q2 2013.
- Funds reported $10.2B of CNA Financial stock for Q3 2013, up 17% quarter-over-quarter.
- 14 funds opened new CNA Financial positions in Q3 2013 and 21 closed out, a net change of -7 holders.
- The largest CNA Financial buyer in Q3 2013 was T. Rowe Price Associates, an estimated $61.7M added.
- The largest CNA Financial seller in Q3 2013 was Donald Smith & Co, an estimated $29.5M sold.
Based on aggregated 13F filings for Q3 2013.