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California Water Service
CWT

142 hedge funds and large institutions have $652M invested in California Water Service in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 55 increasing their positions, 38 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,900% more call options, than puts

Call options by funds: $920K | Put options by funds: $23K

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

75% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 12

45% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 38

16% more capital invested

Capital invested by funds: $562M → $652M (+$90M)

7% more funds holding

Funds holding: 133 → 142 (+9)

1.23% more ownership

Funds ownership: 58.06% → 59.29% (+1.2%)

Holders
142
Holders Change
+9
Holders Change %
+6.77%
% of All Funds
4.12%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.09%
New
21
Increased
55
Reduced
38
Closed
12
Calls
$920K
Puts
$23K
Net Calls
+$897K
Net Calls Change
-$677K

Top Buyers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$20.3M
2
IAMU
Impax Asset Management (UK)
United Kingdom
+$10.1M
3
SGM
Summit Global Management
California
+$7.65M
4
BKBG
BHF Kleinwort Benson Group
Belgium
+$5.32M
5
NI
Numeric Investors
Massachusetts
+$3.56M

Top Sellers

1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$16.3M
2
Lazard Asset Management
Lazard Asset Management
New York
-$13.3M
3
N
Nuveen
North Carolina
-$6.77M
4
Invesco
Invesco
Georgia
-$6.6M
5
EAM
Edge Asset Management
Washington
-$4.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$80.5M -$13.3M -612,001 -15%
Vanguard Group
2
Vanguard Group
Pennsylvania
$61.7M +$1.25M +57,265 +2%
IAMU
3
Impax Asset Management (UK)
United Kingdom
$36.4M +$10.1M +464,000 +42%
PAMU
4
Pictet Asset Management (UK)
United Kingdom
$34.4M +$11.5K +529 +0%
BIT
5
BlackRock Institutional Trust
California
$30M -$267K -12,263 -0.9%
BFA
6
BlackRock Fund Advisors
California
$27.7M -$994K -45,692 -4%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$23.2M +$790K +36,289 +4%
DRZID
8
DePrince Race & Zollo Inc (DRZ)
Florida
$21.5M +$20.3M +933,174 New
State Street
9
State Street
Massachusetts
$20.4M -$681K -31,299 -3%
Invesco
10
Invesco
Georgia
$19M -$6.6M -303,508 -27%
SB
11
Suntrust Banks
Georgia
$18.6M -$1.06M -48,505 -6%
WAM
12
Water Asset Management
New York
$18M -$340K -15,637 -2%
Baillie Gifford & Co
13
Baillie Gifford & Co
United Kingdom
$16.8M – – –
Northern Trust
14
Northern Trust
Illinois
$15.5M +$470K +21,598 +3%
BKBG
15
BHF Kleinwort Benson Group
Belgium
$13.4M +$5.32M +244,741 +73%
Norges Bank
16
Norges Bank
Norway
$11M – – –
Bank of New York Mellon
17
Bank of New York Mellon
New York
$10.4M +$816K +37,502 +9%
RS
18
Robeco Schweiz
Switzerland
$8.87M +$910K +41,814 +12%
SGM
19
Summit Global Management
California
$8.12M +$7.65M +351,816 New
First Trust Advisors
20
First Trust Advisors
Illinois
$7.87M +$2.04M +93,802 +38%
RFC
21
Russell Frank Company
Washington
$7.07M +$3.13M +143,722 +89%
Geode Capital Management
22
Geode Capital Management
Massachusetts
$6.43M +$1.14M +52,422 +23%
CS
23
Credit Suisse
Switzerland
$6.38M +$519K +23,878 +9%
CBOA
24
Commonwealth Bank of Australia
Australia
$6.36M -$435K -20,000 -7%
Morgan Stanley
25
Morgan Stanley
New York
$6.14M +$1.94M +89,171 +50%
1
2 3 4 5

CWT Hedge Fund Activity: Q4 2013 in Review

142 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in California Water Service (CWT) for Q4 2013, worth a combined $652M — up 16% from $562M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new CWT positions and 12 closed out — a net gain of 9 holders — while 55 added to existing stakes and 38 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $20.3M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $16.3M sold.

  • 142 institutional investors held California Water Service (CWT) as of Q4 2013, up from 133 in Q3 2013.
  • Funds reported $652M of California Water Service stock for Q4 2013, up 16% quarter-over-quarter.
  • 21 funds opened new California Water Service positions in Q4 2013 and 12 closed out, a net change of +9 holders.
  • The largest California Water Service buyer in Q4 2013 was DePrince Race & Zollo Inc (DRZ), an estimated $20.3M added.
  • The largest California Water Service seller in Q4 2013 was Adage Capital Partners, an estimated $16.3M sold.

Based on aggregated 13F filings for Q4 2013.