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Donegal Group Class A
DGICA

84 hedge funds and large institutions have $135M invested in Donegal Group Class A in 2016 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 35 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

84% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 19

67% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 6

36.4% more ownership

Funds ownership: 0% → 36.4% (+36%)

20% more capital invested

Capital invested by funds: $113M → $135M (+$22.2M)

2% more funds holding

Funds holding: 82 → 84 (+2)

Holders
84
Holders Change
+2
Holders Change %
+2.44%
% of All Funds
2.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
35
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TG
TCW Group
California
+$2.26M
2
KCM
Kennedy Capital Management
Missouri
+$1.98M
3
HA
Heartland Advisors
Wisconsin
+$1.37M
4
Morgan Stanley
Morgan Stanley
New York
+$1.12M
5
Renaissance Technologies
Renaissance Technologies
New York
+$979K

Top Sellers

Rank Fund Capital Flow
1
EA
Emerald Advisers
Pennsylvania
-$2.2M
2
California Public Employees Retirement System
California Public Employees Retirement System
California
-$646K
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$530K
4
AA
Ancora Advisors
Ohio
-$514K
5
CEP
Chicago Equity Partners
Illinois
-$323K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$922K +$109K +6,715 +15%
ACM
27
Ativo Capital Management
Illinois
$874K +$64.9K +4,006 +9%
First Eagle Investment Management
28
First Eagle Investment Management
New York
$865K – – –
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$736K +$8.76K +541 +1%
Deutsche Bank
30
Deutsche Bank
Germany
$708K -$22.6K -1,396 -3%
MC
31
Menta Capital
California
$706K -$22.4K -1,384 -3%
SIM
32
Spark Investment Management
New York
$706K – – –
LSV Asset Management
33
LSV Asset Management
Illinois
$669K – – –
TCIM
34
TIAA CREF Investment Management
New York
$648K -$32.2K -1,988 -5%
Charles Schwab
35
Charles Schwab
California
$647K +$42.4K +2,618 +8%
BIM
36
BlackRock Investment Management
Delaware
$640K -$8.86K -547 -1%
JP Morgan Chase
37
JP Morgan Chase
New York
$640K +$265K +16,371 +81%
WS
38
Wedbush Securities
California
$592K +$131K +8,120 +32%
Allianz Asset Management
39
Allianz Asset Management
Germany
$585K +$542K +33,478 New
MA
40
Minerva Advisors
Pennsylvania
$491K – – –
BTS
41
BB&T Securities
Virginia
$483K -$48.6K -3,000 -10%
Goldman Sachs
42
Goldman Sachs
New York
$455K -$195K -12,063 -32%
PRCP
43
Pacific Ridge Capital Partners
Oregon
$431K +$7.29K +450 +2%
FI
44
FormulaFolio Investments
Michigan
$392K +$363K +22,432 New
RJFSA
45
Raymond James Financial Services Advisors
Florida
$371K +$50.8K +3,136 +17%
AllianceBernstein
46
AllianceBernstein
Tennessee
$330K +$4.86K +300 +2%
SO
47
STRS Ohio
Ohio
$326K – – –
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$300K -$8.1K -500 -3%
AA
49
Ancora Advisors
Ohio
$296K -$514K -31,772 -65%
Bessemer Group
50
Bessemer Group
New Jersey
$273K +$76.1K +4,700 +43%
1
2
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DGICA Hedge Fund Activity: Q4 2016 in Review

84 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Donegal Group Class A (DGICA) for Q4 2016, worth a combined $135M — up 20% from $113M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new DGICA positions and 6 closed out — a net gain of 4 holders — while 35 added to existing stakes and 19 trimmed.

The largest buyer was TCW Group, opening a new position worth an estimated $2.26M. The largest seller was Emerald Advisers, exiting entirely with an estimated $2.2M sold.

  • 84 institutional investors held Donegal Group Class A (DGICA) as of Q4 2016, up from 82 in Q3 2016.
  • Funds reported $135M of Donegal Group Class A stock for Q4 2016, up 20% quarter-over-quarter.
  • 10 funds opened new Donegal Group Class A positions in Q4 2016 and 6 closed out, a net change of +4 holders.
  • The largest Donegal Group Class A buyer in Q4 2016 was TCW Group, an estimated $2.26M added.
  • The largest Donegal Group Class A seller in Q4 2016 was Emerald Advisers, an estimated $2.2M sold.

Based on aggregated 13F filings for Q4 2016.