Cresud
CRESY
56 hedge funds and large institutions have $276M invested in Cresud in 2018 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 12 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 13
0.2% more ownership
Funds ownership: 2.82% → 3.02% (+0.2%)
2% less capital invested
Capital invested by funds: $282M → $276M (-$6.14M)
5% less funds holding
Funds holding: 59 → 56 (-3)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
86% less call options, than puts
Call options by funds: $1K | Put options by funds: $7K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
+$32.2M |
| 2 |
CG
Carmignac Gestion
Paris,
France
|
+$5.59M |
| 3 |
GEH
General Equity Holdings
Brooklyn,
New York
|
+$5.4M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$4.59M |
| 5 |
MAM
Marketfield Asset Management
New York
|
+$3.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Senvest Management
New York
|
-$16.3M |
| 2 |
FC
Finepoint Capital
Boston,
Massachusetts
|
-$11.2M |
| 3 |
BCM
Bienville Capital Management
New York
|
-$9.46M |
| 4 |
6CM
683 Capital Management
New York
|
-$2.48M |
| 5 |
VAS
VR Advisory Services
Camana Bay, Grand Cayman,
Cayman Islands
|
-$2.47M |
CRESY Hedge Fund Activity: Q1 2018 in Review
56 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Cresud (CRESY) for Q1 2018, worth a combined $276M — down 2.2% from $282M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CRESY and 9 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 18 added.
The largest buyer was Newfoundland Capital Management, adding an estimated $32.2M. The largest seller was Senvest Management, cutting an estimated $16.3M.
- 56 institutional investors held Cresud (CRESY) as of Q1 2018, down from 59 in Q4 2017.
- Funds reported $276M of Cresud stock for Q1 2018, down 2.2% quarter-over-quarter.
- 9 funds opened new Cresud positions in Q1 2018 and 12 closed out, a net change of -3 holders.
- The largest Cresud buyer in Q1 2018 was Newfoundland Capital Management, an estimated $32.2M added.
- The largest Cresud seller in Q1 2018 was Senvest Management, an estimated $16.3M sold.
Based on aggregated 13F filings for Q1 2018.