Donegal Group Class A
DGICA
78 hedge funds and large institutions have $128M invested in Donegal Group Class A in 2017 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 34 increasing their positions, 20 reducing their positions, and 8 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 20
0.31% more ownership
Funds ownership: 36.8% → 37.1% (+0.31%)
8% less funds holding
Funds holding: 85 → 78 (-7)
8% less capital invested
Capital invested by funds: $140M → $128M (-$11.7M)
88% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.27M |
| 2 |
TG
TCW Group
Los Angeles,
California
|
+$1.11M |
| 3 |
ORIO
Old Republic International (ORI)
Chicago,
Illinois
|
+$1.04M |
| 4 |
Renaissance Technologies
New York
|
+$912K |
| 5 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
+$844K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$3.53M |
| 2 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$1.54M |
| 3 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$690K |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
-$674K |
| 5 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
-$603K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MERSOM
76
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| – | -$1.54M | -87,520 | Closed |
|
|
77
LSV Asset Management
Chicago,
Illinois
| – | -$674K | -38,300 | Closed |
|
|
CIC
78
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$603K | -34,240 | Closed |
|
|
FI
79
FormulaFolio Investments
Grand Rapids,
Michigan
| – | -$401K | -22,786 | Closed |
|
80
Goldman Sachs
New York
| – | -$397K | -22,542 | Closed |
|
|
PAM
81
Panagora Asset Management
Boston,
Massachusetts
| – | -$80K | -4,514 | Closed |
|
82
UBS Group
Zurich,
Switzerland
| – | -$29K | -1,637 | Closed |
|
|
AIM
83
Acrospire Investment Management
Chicago,
Illinois
| – | -$20K | -1,117 | Closed |
|
84
Barclays
London,
United Kingdom
| – | -$2.72K | -167 | -97% |
|
|
TRCT
85
Tower Research Capital (TRC)
New York
| – | +$440 | +27 | New |
|
DGICA Hedge Fund Activity: Q2 2017 in Review
78 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Donegal Group Class A (DGICA) for Q2 2017, worth a combined $128M — down 8.3% from $140M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of DGICA and 1 opened new positions — a net loss of 7 holders — while 20 trimmed existing stakes and 34 added.
The largest buyer was Kennedy Capital Management, adding an estimated $2.27M. The largest seller was Heartland Advisors, cutting an estimated $3.53M.
- 78 institutional investors held Donegal Group Class A (DGICA) as of Q2 2017, down from 85 in Q1 2017.
- Funds reported $128M of Donegal Group Class A stock for Q2 2017, down 8.3% quarter-over-quarter.
- 1 fund opened new Donegal Group Class A positions in Q2 2017 and 8 closed out, a net change of -7 holders.
- The largest Donegal Group Class A buyer in Q2 2017 was Kennedy Capital Management, an estimated $2.27M added.
- The largest Donegal Group Class A seller in Q2 2017 was Heartland Advisors, an estimated $3.53M sold.
Based on aggregated 13F filings for Q2 2017.