Crocs
CROX
176 hedge funds and large institutions have $972M invested in Crocs in 2013 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 78 increasing their positions, 54 reducing their positions, and 46 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 54
3% more call options, than puts
Call options by funds: $23.4M | Put options by funds: $22.8M
13% less funds holding
Funds holding: 202 → 176 (-26)
19% less capital invested
Capital invested by funds: $1.2B → $972M (-$229M)
50% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 46
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$30.1M |
| 2 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$24.6M |
| 3 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
+$19.8M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$18M |
| 5 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$14.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$37.5M |
| 2 |
CLG
Cooperman Leon G
|
-$33.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$23.4M |
| 4 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$19M |
| 5 |
WC
Walthausen & Co
Malta,
New York
|
-$14M |
CROX Hedge Fund Activity: Q3 2013 in Review
176 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Crocs (CROX) for Q3 2013, worth a combined $972M — down 19% from $1.2B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of CROX and 23 opened new positions — a net loss of 23 holders — while 54 trimmed existing stakes and 78 added.
The largest buyer was Royce & Associates, adding an estimated $30.1M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $37.5M sold.
- 176 institutional investors held Crocs (CROX) as of Q3 2013, down from 202 in Q2 2013.
- Funds reported $972M of Crocs stock for Q3 2013, down 19% quarter-over-quarter.
- 23 funds opened new Crocs positions in Q3 2013 and 46 closed out, a net change of -23 holders.
- The largest Crocs buyer in Q3 2013 was Royce & Associates, an estimated $30.1M added.
- The largest Crocs seller in Q3 2013 was Lord, Abbett & Co, an estimated $37.5M sold.
Based on aggregated 13F filings for Q3 2013.