Designer Brands
DBI
193 hedge funds and large institutions have $3.24B invested in Designer Brands in 2013 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 68 increasing their positions, 80 reducing their positions, and 20 closing their positions.
70% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 20
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
28% more capital inflows, than outflows
Capital inflows: $500M | Capital outflows: $390M
6% more funds holding
Funds holding: 182 → 193 (+11)
15% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 80
26% less call options, than puts
Call options by funds: $19.6M | Put options by funds: $26.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lone Pine Capital
Greenwich,
Connecticut
|
+$169M |
| 2 |
Geneva Capital Management
Milwaukee,
Wisconsin
|
+$44.5M |
| 3 |
Granahan Investment Management
Waltham,
Massachusetts
|
+$35.4M |
| 4 |
SAC Capital Advisors
Stamford,
Connecticut
|
+$33.7M |
| 5 |
BlackRock Institutional Trust
San Francisco,
California
|
+$25.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$135M |
| 2 |
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$35.2M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$24.1M |
| 4 |
Millennium Management
New York
|
-$23.4M |
| 5 |
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$18.7M |
DBI Hedge Fund Activity: Q3 2013 in Review
193 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Designer Brands (DBI) for Q3 2013, worth a combined $3.24B — up 19% from $2.73B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new DBI positions and 20 closed out — a net gain of 14 holders — while 68 added to existing stakes and 80 trimmed.
The largest buyer was Lone Pine Capital, adding an estimated $169M. The largest seller was Fidelity Investments, cutting an estimated $135M.
- 193 institutional investors held Designer Brands (DBI) as of Q3 2013, up from 182 in Q2 2013.
- Funds reported $3.24B of Designer Brands stock for Q3 2013, up 19% quarter-over-quarter.
- 34 funds opened new Designer Brands positions in Q3 2013 and 20 closed out, a net change of +14 holders.
- The largest Designer Brands buyer in Q3 2013 was Lone Pine Capital, an estimated $169M added.
- The largest Designer Brands seller in Q3 2013 was Fidelity Investments, an estimated $135M sold.
Based on aggregated 13F filings for Q3 2013.