CoStar Group
CSGP
434 hedge funds and large institutions have $16.5B invested in CoStar Group in 2019 Q1 according to their latest regulatory filings, with 86 funds opening new positions, 143 increasing their positions, 146 reducing their positions, and 31 closing their positions.
177% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 31
50% more funds holding in top 10
Funds holding in top 10: 10 → 15 (+5)
39% more capital invested
Capital invested by funds: $11.9B → $16.5B (+$4.6B)
13% more funds holding
Funds holding: 383 → 434 (+51)
1.78% more ownership
Funds ownership: 970.74% → 972.52% (+1.8%)
2% less repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 146
26% less call options, than puts
Call options by funds: $14.4M | Put options by funds: $19.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Melvin Capital Management
New York
|
+$72.3M |
| 2 |
Goldman Sachs
New York
|
+$51.1M |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$36.5M |
| 4 |
Millennium Management
New York
|
+$33.5M |
| 5 |
FAM
Fred Alger Management
New York
|
+$33.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
|
-$117M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$37.3M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
-$35.7M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$32.9M |
| 5 |
JCM
Junto Capital Management
New York
|
-$29.9M |
CSGP Hedge Fund Activity: Q1 2019 in Review
434 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in CoStar Group (CSGP) for Q1 2019, worth a combined $16.5B — up 39% from $11.9B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new CSGP positions and 31 closed out — a net gain of 55 holders — while 143 added to existing stakes and 146 trimmed.
The largest buyer was Melvin Capital Management, opening a new position worth an estimated $72.3M. The largest seller was Janus Henderson Group, cutting an estimated $117M.
- 434 institutional investors held CoStar Group (CSGP) as of Q1 2019, up from 383 in Q4 2018.
- Funds reported $16.5B of CoStar Group stock for Q1 2019, up 39% quarter-over-quarter.
- 86 funds opened new CoStar Group positions in Q1 2019 and 31 closed out, a net change of +55 holders.
- The largest CoStar Group buyer in Q1 2019 was Melvin Capital Management, an estimated $72.3M added.
- The largest CoStar Group seller in Q1 2019 was Janus Henderson Group, an estimated $117M sold.
Based on aggregated 13F filings for Q1 2019.