CST Brands, Inc.
CST
CST was delisted on the 27th of June, 2017.
294 hedge funds and large institutions have $2.73B invested in CST Brands, Inc. in 2015 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 97 increasing their positions, 95 reducing their positions, and 54 closing their positions.
2,962% more call options, than puts
Call options by funds: $36.9M | Put options by funds: $1.21M
2% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 95
9% less funds holding
Funds holding: 322 → 294 (-28)
9% less capital invested
Capital invested by funds: $3.01B → $2.73B (-$279M)
44% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 54
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
+$107M |
| 2 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$72.4M |
| 3 |
D.E. Shaw & Co
New York
|
+$52.8M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$52.8M |
| 5 |
OC
Orange Capital
Manhasset,
New York
|
+$49.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
-$34.8M |
| 2 |
MCM
Melvin Capital Management
New York
|
-$25.2M |
| 3 |
CCI
Columbus Circle Investors
|
-$23.9M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$23M |
| 5 |
Morgan Stanley
New York
|
-$20.2M |
CST Hedge Fund Activity: Q2 2015 in Review
294 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in CST Brands, Inc. (CST) for Q2 2015, worth a combined $2.73B — down 9.3% from $3.01B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of CST and 30 opened new positions — a net loss of 24 holders — while 95 trimmed existing stakes and 97 added.
The largest buyer was Pennant Capital Management, adding an estimated $107M. The largest seller was Abrams Capital Management, exiting entirely with an estimated $34.8M sold.
- 294 institutional investors held CST Brands, Inc. (CST) as of Q2 2015, down from 322 in Q1 2015.
- Funds reported $2.73B of CST Brands, Inc. stock for Q2 2015, down 9.3% quarter-over-quarter.
- 30 funds opened new CST Brands, Inc. positions in Q2 2015 and 54 closed out, a net change of -24 holders.
- The largest CST Brands, Inc. buyer in Q2 2015 was Pennant Capital Management, an estimated $107M added.
- The largest CST Brands, Inc. seller in Q2 2015 was Abrams Capital Management, an estimated $34.8M sold.
Based on aggregated 13F filings for Q2 2015.