Dover
657 hedge funds and large institutions have $11.9B invested in Dover in 2014 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 71 increasing their positions, 520 reducing their positions, and 63 closing their positions.
146% more call options, than puts
Call options by funds: $33.2M | Put options by funds: $13.5M
3% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 63
1% less funds holding
Funds holding: 665 → 657 (-8)
16% less capital invested
Capital invested by funds: $14.2B → $11.9B (-$2.32B)
23.05% less ownership
Funds ownership: 129.41% → 106.36% (-23%)
62% less funds holding in top 10
Funds holding in top 10: 26 → 10 (-16)
86% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 520
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Gates Capital Management
New York
|
+$157M |
| 2 |
WJA
Williams Jones & Associates
New York
|
+$93.6M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$57.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$47.1M |
| 5 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$34.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$155M |
| 2 |
Harris Associates
Chicago,
Illinois
|
-$131M |
| 3 |
State Street
Boston,
Massachusetts
|
-$122M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$102M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$99.4M |
DOV Hedge Fund Activity: Q1 2014 in Review
657 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Dover (DOV) for Q1 2014, worth a combined $11.9B — down 16% from $14.2B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new DOV positions and 63 closed out — a net gain of 2 holders — while 71 added to existing stakes and 520 trimmed.
The largest buyer was Gates Capital Management, opening a new position worth an estimated $157M. The largest seller was Vanguard Group, cutting an estimated $155M.
- 657 institutional investors held Dover (DOV) as of Q1 2014, down from 665 in Q4 2013.
- Funds reported $11.9B of Dover stock for Q1 2014, down 16% quarter-over-quarter.
- 65 funds opened new Dover positions in Q1 2014 and 63 closed out, a net change of +2 holders.
- The largest Dover buyer in Q1 2014 was Gates Capital Management, an estimated $157M added.
- The largest Dover seller in Q1 2014 was Vanguard Group, an estimated $155M sold.
Based on aggregated 13F filings for Q1 2014.