Dover
630 hedge funds and large institutions have $13.3B invested in Dover in 2013 Q3 according to their latest regulatory filings, with 86 funds opening new positions, 197 increasing their positions, 247 reducing their positions, and 24 closing their positions.
258% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 24
14% more funds holding in top 10
Funds holding in top 10: 22 → 25 (+3)
13% more capital invested
Capital invested by funds: $11.8B → $13.3B (+$1.5B)
10% more funds holding
Funds holding: 573 → 630 (+57)
3.74% less ownership
Funds ownership: 133.73% → 129.99% (-3.7%)
20% less repeat investments, than reductions
Existing positions increased: 197 | Existing positions reduced: 247
57% less call options, than puts
Call options by funds: $33.5M | Put options by funds: $78.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$87.3M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$35M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$34.2M |
| 4 |
Lazard Asset Management
New York
|
+$29.6M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$27.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$177M |
| 2 |
ClearBridge Investments
New York
|
-$75.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$72.5M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$66M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$45.4M |
DOV Hedge Fund Activity: Q3 2013 in Review
630 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Dover (DOV) for Q3 2013, worth a combined $13.3B — up 13% from $11.8B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new DOV positions and 24 closed out — a net gain of 62 holders — while 197 added to existing stakes and 247 trimmed.
The largest buyer was Systematic Financial Management, opening a new position worth an estimated $87.3M. The largest seller was Cramer Rosenthal McGlynn, cutting an estimated $177M.
- 630 institutional investors held Dover (DOV) as of Q3 2013, up from 573 in Q2 2013.
- Funds reported $13.3B of Dover stock for Q3 2013, up 13% quarter-over-quarter.
- 86 funds opened new Dover positions in Q3 2013 and 24 closed out, a net change of +62 holders.
- The largest Dover buyer in Q3 2013 was Systematic Financial Management, an estimated $87.3M added.
- The largest Dover seller in Q3 2013 was Cramer Rosenthal McGlynn, an estimated $177M sold.
Based on aggregated 13F filings for Q3 2013.