Chesapeake Utilities
CPK
112 hedge funds and large institutions have $297M invested in Chesapeake Utilities in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 45 reducing their positions, and 15 closing their positions.
17% more capital invested
Capital invested by funds: $253M → $297M (+$44.1M)
1.9% more ownership
Funds ownership: 75.26% → 77.16% (+1.9%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 116 → 112 (-4)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
24% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
+$7.77M |
| 2 |
Bank of New York Mellon
New York
|
+$4.98M |
| 3 |
PFC
Phocas Financial Corp
Alameda,
California
|
+$3.95M |
| 4 |
FM
Forward Management
San Francisco,
California
|
+$1.45M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$1.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$1.85M |
| 2 |
Neuberger Berman Group
New York
|
-$1.57M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$1.13M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$1.1M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.05M |
CPK Hedge Fund Activity: Q4 2013 in Review
112 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Chesapeake Utilities (CPK) for Q4 2013, worth a combined $297M — up 17% from $253M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CPK and 12 opened new positions — a net loss of 3 holders — while 45 trimmed existing stakes and 34 added.
The largest buyer was Adage Capital Partners, opening a new position worth an estimated $7.77M. The largest seller was AJO LP, exiting entirely with an estimated $1.85M sold.
- 112 institutional investors held Chesapeake Utilities (CPK) as of Q4 2013, down from 116 in Q3 2013.
- Funds reported $297M of Chesapeake Utilities stock for Q4 2013, up 17% quarter-over-quarter.
- 12 funds opened new Chesapeake Utilities positions in Q4 2013 and 15 closed out, a net change of -3 holders.
- The largest Chesapeake Utilities buyer in Q4 2013 was Adage Capital Partners, an estimated $7.77M added.
- The largest Chesapeake Utilities seller in Q4 2013 was AJO LP, an estimated $1.85M sold.
Based on aggregated 13F filings for Q4 2013.