Destination XL Group
DXLG
72 hedge funds and large institutions have $209M invested in Destination XL Group in 2016 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 21 reducing their positions, and 9 closing their positions.
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
14% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 21
4% more funds holding
Funds holding: 69 → 72 (+3)
6% less capital invested
Capital invested by funds: $223M → $209M (-$13.7M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
+$3.25M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$1.54M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1M |
| 4 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
+$364K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$333K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$5.52M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$480K |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$405K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$391K |
| 5 |
FWSM
First Wilshire Securities Management
Pasadena,
California
|
-$305K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EMG
76
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$62K | -11,179 | Closed |
|
|
CS
77
Credit Suisse
Zurich,
Switzerland
| – | -$57K | -10,211 | Closed |
|
78
Group One Trading
Chicago,
Illinois
| – | -$12K | -2,200 | Closed |
|
|
TRCT
79
Tower Research Capital (TRC)
New York
| – | -$11K | -2,006 | Closed |
|
80
Bank of America
Charlotte,
North Carolina
| – | -$5K | -869 | Closed |
|
81
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$4K | -674 | Closed |
|
DXLG Hedge Fund Activity: Q1 2016 in Review
72 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Destination XL Group (DXLG) for Q1 2016, worth a combined $209M — down 6.1% from $223M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new DXLG positions and 9 closed out — a net gain of 4 holders — while 24 added to existing stakes and 21 trimmed.
The largest buyer was Rutabaga Capital Management, opening a new position worth an estimated $3.25M. The largest seller was Heartland Advisors, exiting entirely with an estimated $5.52M sold.
- 72 institutional investors held Destination XL Group (DXLG) as of Q1 2016, up from 69 in Q4 2015.
- Funds reported $209M of Destination XL Group stock for Q1 2016, down 6.1% quarter-over-quarter.
- 13 funds opened new Destination XL Group positions in Q1 2016 and 9 closed out, a net change of +4 holders.
- The largest Destination XL Group buyer in Q1 2016 was Rutabaga Capital Management, an estimated $3.25M added.
- The largest Destination XL Group seller in Q1 2016 was Heartland Advisors, an estimated $5.52M sold.
Based on aggregated 13F filings for Q1 2016.