Chesapeake Utilities
CPK
121 hedge funds and large institutions have $331M invested in Chesapeake Utilities in 2014 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 38 increasing their positions, 51 reducing their positions, and 11 closing their positions.
27% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 11
2% more funds holding
Funds holding: 119 → 121 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less capital invested
Capital invested by funds: $376M → $331M (-$45.4M)
25% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 51
27.06% less ownership
Funds ownership: 81.6% → 54.54% (-27%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Grace Capital
Quincy,
Massachusetts
|
+$1.2M |
| 2 |
ADMI
Albert D. Mason Inc
Boston,
Massachusetts
|
+$1.05M |
| 3 |
EIP
Energy Income Partners
Westport,
Connecticut
|
+$882K |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$801K |
| 5 |
ACM
Argent Capital Management
St Louis,
Missouri
|
+$748K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$1.76M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.34M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$914K |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$723K |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$637K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VFA
126
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$59K | -1,241 | Closed |
|
|
ACM
127
Antonetti Capital Management
Naples,
Florida
| – | -$27K | -564 | Closed |
|
|
OSAM
128
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$18K | -380 | Closed |
|
129
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$17K | -360 | Closed |
|
130
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$11K | -224 | Closed |
|
|
SSG
131
Summit Securities Group
New York
| – | -$1K | -26 | Closed |
|
|
CAW
132
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$1K | -14 | Closed |
|
CPK Hedge Fund Activity: Q3 2014 in Review
121 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Chesapeake Utilities (CPK) for Q3 2014, worth a combined $331M — down 12% from $376M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new CPK positions and 11 closed out — a net gain of 3 holders — while 38 added to existing stakes and 51 trimmed.
The largest buyer was Grace Capital, adding an estimated $1.2M. The largest seller was Foundry Partners, exiting entirely with an estimated $1.76M sold.
- 121 institutional investors held Chesapeake Utilities (CPK) as of Q3 2014, up from 119 in Q2 2014.
- Funds reported $331M of Chesapeake Utilities stock for Q3 2014, down 12% quarter-over-quarter.
- 14 funds opened new Chesapeake Utilities positions in Q3 2014 and 11 closed out, a net change of +3 holders.
- The largest Chesapeake Utilities buyer in Q3 2014 was Grace Capital, an estimated $1.2M added.
- The largest Chesapeake Utilities seller in Q3 2014 was Foundry Partners, an estimated $1.76M sold.
Based on aggregated 13F filings for Q3 2014.