Dover
665 hedge funds and large institutions have $11.4B invested in Dover in 2014 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 221 increasing their positions, 243 reducing their positions, and 39 closing their positions.
44% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 39
39% more call options, than puts
Call options by funds: $17.6M | Put options by funds: $12.7M
2% more funds holding
Funds holding: 654 → 665 (+11)
9% less repeat investments, than reductions
Existing positions increased: 221 | Existing positions reduced: 243
1.96% less ownership
Funds ownership: 107.42% → 105.47% (-2%)
13% less capital invested
Capital invested by funds: $13.2B → $11.4B (-$1.76B)
29% less funds holding in top 10
Funds holding in top 10: 17 → 12 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$65.7M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$55.5M |
| 3 |
GCM
Gates Capital Management
New York
|
+$35.6M |
| 4 |
GAM
Gotham Asset Management
New York
|
+$32.8M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$22.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$142M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$90M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$59.2M |
| 4 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$54M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$46.4M |
DOV Hedge Fund Activity: Q3 2014 in Review
665 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Dover (DOV) for Q3 2014, worth a combined $11.4B — down 13% from $13.2B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new DOV positions and 39 closed out — a net gain of 17 holders — while 221 added to existing stakes and 243 trimmed.
The largest buyer was Virtus Fund Advisers, adding an estimated $65.7M. The largest seller was Capital Research Global Investors, cutting an estimated $142M.
- 665 institutional investors held Dover (DOV) as of Q3 2014, up from 654 in Q2 2014.
- Funds reported $11.4B of Dover stock for Q3 2014, down 13% quarter-over-quarter.
- 56 funds opened new Dover positions in Q3 2014 and 39 closed out, a net change of +17 holders.
- The largest Dover buyer in Q3 2014 was Virtus Fund Advisers, an estimated $65.7M added.
- The largest Dover seller in Q3 2014 was Capital Research Global Investors, an estimated $142M sold.
Based on aggregated 13F filings for Q3 2014.