Corpay
CPAY
461 hedge funds and large institutions have $15.1B invested in Corpay in 2018 Q4 according to their latest regulatory filings, with 71 funds opening new positions, 160 increasing their positions, 173 reducing their positions, and 79 closing their positions.
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
4% more call options, than puts
Call options by funds: $75.9M | Put options by funds: $73.3M
0.46% less ownership
Funds ownership: 96.14% → 95.68% (-0.46%)
8% less repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 173
3% less funds holding
Funds holding: 473 → 461 (-12)
10% less first-time investments, than exits
New positions opened: 71 | Existing positions closed: 79
22% less capital invested
Capital invested by funds: $19.4B → $15.1B (-$4.3B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
+$162M |
| 2 |
Tiger Global Management
New York
|
+$131M |
| 3 |
ACA
Ackerman Capital Advisors
Dallas,
Texas
|
+$54.2M |
| 4 |
BBHC
Brown Brothers Harriman & Co
New York
|
+$43.8M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$38.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$384M |
| 2 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$115M |
| 3 |
KCM
Kensico Capital Management
Greenwich,
Connecticut
|
-$92.3M |
| 4 |
Morgan Stanley
New York
|
-$79.6M |
| 5 |
Jennison Associates
New York
|
-$75.6M |
CPAY Hedge Fund Activity: Q4 2018 in Review
461 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Corpay (CPAY) for Q4 2018, worth a combined $15.1B — down 22% from $19.4B a quarter earlier.
Sellers outnumbered buyers: 79 funds closed out of CPAY and 71 opened new positions — a net loss of 8 holders — while 173 trimmed existing stakes and 160 added.
The largest buyer was Palestra Capital Management, opening a new position worth an estimated $162M. The largest seller was Fidelity Investments, cutting an estimated $384M.
- 461 institutional investors held Corpay (CPAY) as of Q4 2018, down from 473 in Q3 2018.
- Funds reported $15.1B of Corpay stock for Q4 2018, down 22% quarter-over-quarter.
- 71 funds opened new Corpay positions in Q4 2018 and 79 closed out, a net change of -8 holders.
- The largest Corpay buyer in Q4 2018 was Palestra Capital Management, an estimated $162M added.
- The largest Corpay seller in Q4 2018 was Fidelity Investments, an estimated $384M sold.
Based on aggregated 13F filings for Q4 2018.