Custom Truck One Source
CTOS
38 hedge funds and large institutions have $232M invested in Custom Truck One Source in 2019 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 24 closing their positions.
79.07% more ownership
Funds ownership: 0% → 79.07% (+79%)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
17% less funds holding
Funds holding: 46 → 38 (-8)
26% less capital invested
Capital invested by funds: $313M → $232M (-$81.6M)
29% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 24
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
ECP ControlCo
Summit,
New Jersey
|
+$201M |
| 2 |
Bank of New York Mellon
New York
|
+$8M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
+$4.65M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$4M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$3.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$25.2M |
| 2 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
-$18.4M |
| 3 |
FTCM
Fir Tree Capital Management
New York
|
-$16.1M |
| 4 |
HCM
Highbridge Capital Management
New York
|
-$15.7M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
-$14.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
51
Wolverine Asset Management
Chicago,
Illinois
| – | -$6.57M | -642,262 | Closed |
|
|
KPF
52
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$6.52M | -637,499 | Closed |
|
|
WAM
53
Weiss Asset Management
Boston,
Massachusetts
| – | -$6.36M | -622,000 | Closed |
|
|
PC
54
Periscope Capital
Toronto,
Ontario, Canada
| – | -$5.62M | -548,900 | Closed |
|
|
WRBC
55
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$3.35M | -327,929 | Closed |
|
|
AMH
56
Apollo Management Holdings
New York
| – | -$3.04M | -297,500 | Closed |
|
|
VOAM
57
Vertex One Asset Management
Vancouver,
British Columbia, Canada
| – | -$2.05M | -200,000 | Closed |
|
|
FIA
58
FNY Investment Advisers
New York
| – | -$562K | -55,026 | Closed |
|
59
Stifel Financial
St. Louis,
Missouri
| – | -$512K | -50,000 | Closed |
|
|
GC
60
Gratia Capital
Los Angeles,
California
| – | -$387K | -37,757 | Closed |
|
|
OSAM
61
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$4K | -393 | Closed |
|
62
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$31 | +4 | New |
|
CTOS Hedge Fund Activity: Q3 2019 in Review
38 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Custom Truck One Source (CTOS) for Q3 2019, worth a combined $232M — down 26% from $313M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of CTOS and 17 opened new positions — a net loss of 7 holders — while 10 trimmed existing stakes and 9 added.
The largest buyer was ECP ControlCo, opening a new position worth an estimated $201M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $25.2M sold.
- 38 institutional investors held Custom Truck One Source (CTOS) as of Q3 2019, down from 46 in Q2 2019.
- Funds reported $232M of Custom Truck One Source stock for Q3 2019, down 26% quarter-over-quarter.
- 17 funds opened new Custom Truck One Source positions in Q3 2019 and 24 closed out, a net change of -7 holders.
- The largest Custom Truck One Source buyer in Q3 2019 was ECP ControlCo, an estimated $201M added.
- The largest Custom Truck One Source seller in Q3 2019 was Glazer Capital LLC, an estimated $25.2M sold.
Based on aggregated 13F filings for Q3 2019.