Donegal Group Class A
DGICA
77 hedge funds and large institutions have $111M invested in Donegal Group Class A in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 21 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
33% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 21
20% more capital invested
Capital invested by funds: $92.6M → $111M (+$18.9M)
4% more funds holding
Funds holding: 74 → 77 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ORIO
Old Republic International (ORI)
Chicago,
Illinois
|
+$1.39M |
| 2 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
+$1.25M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$869K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$712K |
| 5 |
Renaissance Technologies
New York
|
+$674K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIM
Zacks Investment Management
Chicago,
Illinois
|
-$1.76M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$1.42M |
| 3 |
CCC
Chelsea Counsel Company
Los Angeles,
California
|
-$459K |
| 4 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$342K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$204K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
76
Ladenburg Thalmann Financial Services
Miami,
Florida
| $3K | +$31 | +2 | +1% |
|
|
DA
77
Denali Advisors
San Diego,
California
| $2K | – | – | – |
|
|
ZIM
78
Zacks Investment Management
Chicago,
Illinois
| – | -$1.76M | -122,196 | Closed |
|
|
CCC
79
Chelsea Counsel Company
Los Angeles,
California
| – | -$459K | -31,937 | Closed |
|
|
PP
80
Prospector Partners
Guilford,
Connecticut
| – | -$173K | -12,000 | Closed |
|
81
UBS Group
Zurich,
Switzerland
| – | -$25K | -1,728 | Closed |
|
DGICA Hedge Fund Activity: Q2 2016 in Review
77 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Donegal Group Class A (DGICA) for Q2 2016, worth a combined $111M — up 20% from $92.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new DGICA positions and 5 closed out — a net gain of 4 holders — while 28 added to existing stakes and 21 trimmed.
The largest buyer was Old Republic International (ORI), adding an estimated $1.39M. The largest seller was Zacks Investment Management, exiting entirely with an estimated $1.76M sold.
- 77 institutional investors held Donegal Group Class A (DGICA) as of Q2 2016, up from 74 in Q1 2016.
- Funds reported $111M of Donegal Group Class A stock for Q2 2016, up 20% quarter-over-quarter.
- 9 funds opened new Donegal Group Class A positions in Q2 2016 and 5 closed out, a net change of +4 holders.
- The largest Donegal Group Class A buyer in Q2 2016 was Old Republic International (ORI), an estimated $1.39M added.
- The largest Donegal Group Class A seller in Q2 2016 was Zacks Investment Management, an estimated $1.76M sold.
Based on aggregated 13F filings for Q2 2016.