Cresud
CRESY
53 hedge funds and large institutions have $68M invested in Cresud in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 12 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
38% more call options, than puts
Call options by funds: $632K | Put options by funds: $459K
0.75% less ownership
Funds ownership: 3.08% → 2.33% (-0.75%)
7% less funds holding
Funds holding: 57 → 53 (-4)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
57% less capital invested
Capital invested by funds: $159M → $68M (-$91.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BS
Banco Santander
Madrid,
Spain
|
+$2.34M |
| 2 |
State Street
Boston,
Massachusetts
|
+$1.2M |
| 3 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$847K |
| 4 |
6CM
683 Capital Management
New York
|
+$733K |
| 5 |
Renaissance Technologies
New York
|
+$549K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
-$32.1M |
| 2 |
SAM
Serengeti Asset Management
New York
|
-$3.67M |
| 3 |
MAM
Marketfield Asset Management
New York
|
-$1.02M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$1M |
| 5 |
GEH
General Equity Holdings
Brooklyn,
New York
|
-$636K |
CRESY Hedge Fund Activity: Q3 2019 in Review
53 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Cresud (CRESY) for Q3 2019, worth a combined $68M — down 57% from $159M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CRESY and 9 opened new positions — a net loss of 3 holders — while 12 trimmed existing stakes and 17 added.
The largest buyer was Banco Santander, opening a new position worth an estimated $2.34M. The largest seller was Newfoundland Capital Management, cutting an estimated $32.1M.
- 53 institutional investors held Cresud (CRESY) as of Q3 2019, down from 57 in Q2 2019.
- Funds reported $68M of Cresud stock for Q3 2019, down 57% quarter-over-quarter.
- 9 funds opened new Cresud positions in Q3 2019 and 12 closed out, a net change of -3 holders.
- The largest Cresud buyer in Q3 2019 was Banco Santander, an estimated $2.34M added.
- The largest Cresud seller in Q3 2019 was Newfoundland Capital Management, an estimated $32.1M sold.
Based on aggregated 13F filings for Q3 2019.