CST Brands, Inc.
CST
CST was delisted on the 27th of June, 2017.
271 hedge funds and large institutions have $3.18B invested in CST Brands, Inc. in 2016 Q3 according to their latest regulatory filings, with 49 funds opening new positions, 68 increasing their positions, 94 reducing their positions, and 64 closing their positions.
113% more call options, than puts
Call options by funds: $11M | Put options by funds: $5.17M
6% more capital invested
Capital invested by funds: $2.99B → $3.18B (+$191M)
6% less funds holding
Funds holding: 287 → 271 (-16)
23% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 64
28% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 94
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$219M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$138M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$97.5M |
| 4 |
WIC
Water Island Capital
New York
|
+$54.5M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$54.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$321M |
| 2 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
-$148M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$59.5M |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
-$49.7M |
| 5 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
-$45.9M |
CST Hedge Fund Activity: Q3 2016 in Review
271 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in CST Brands, Inc. (CST) for Q3 2016, worth a combined $3.18B — up 6.4% from $2.99B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of CST and 49 opened new positions — a net loss of 15 holders — while 94 trimmed existing stakes and 68 added.
The largest buyer was Fidelity Investments, adding an estimated $219M. The largest seller was Iridian Asset Management, cutting an estimated $321M.
- 271 institutional investors held CST Brands, Inc. (CST) as of Q3 2016, down from 287 in Q2 2016.
- Funds reported $3.18B of CST Brands, Inc. stock for Q3 2016, up 6.4% quarter-over-quarter.
- 49 funds opened new CST Brands, Inc. positions in Q3 2016 and 64 closed out, a net change of -15 holders.
- The largest CST Brands, Inc. buyer in Q3 2016 was Fidelity Investments, an estimated $219M added.
- The largest CST Brands, Inc. seller in Q3 2016 was Iridian Asset Management, an estimated $321M sold.
Based on aggregated 13F filings for Q3 2016.