Ellington Residential Mortgage REIT
EARN
46 hedge funds and large institutions have $97.8M invested in Ellington Residential Mortgage REIT in 2014 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 11 reducing their positions, and 7 closing their positions.
82% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 11
12% more capital invested
Capital invested by funds: $87.4M → $97.8M (+$10.4M)
1.18% more ownership
Funds ownership: 62.19% → 63.37% (+1.2%)
6% less funds holding
Funds holding: 49 → 46 (-3)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$2.18M |
| 2 |
Barclays
London,
United Kingdom
|
+$2.16M |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$869K |
| 4 |
Renaissance Technologies
New York
|
+$625K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$476K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$3.62M |
| 2 |
Two Sigma Investments
New York
|
-$520K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$515K |
| 4 |
BIG
Blackthorn Investment Group
Overland Park,
Kansas
|
-$326K |
| 5 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$307K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of America
Charlotte,
North Carolina
| – | -$112K | -6,808 | -100% |
|
52
Credit Agricole
Montrouge Cedex,
France
| – | -$24K | -1,568 | Closed |
|
EARN Hedge Fund Activity: Q1 2014 in Review
46 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Ellington Residential Mortgage REIT (EARN) for Q1 2014, worth a combined $97.8M — up 12% from $87.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of EARN and 4 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 20 added.
The largest buyer was Russell Frank Company, adding an estimated $2.18M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $3.62M sold.
- 46 institutional investors held Ellington Residential Mortgage REIT (EARN) as of Q1 2014, down from 49 in Q4 2013.
- Funds reported $97.8M of Ellington Residential Mortgage REIT stock for Q1 2014, up 12% quarter-over-quarter.
- 4 funds opened new Ellington Residential Mortgage REIT positions in Q1 2014 and 7 closed out, a net change of -3 holders.
- The largest Ellington Residential Mortgage REIT buyer in Q1 2014 was Russell Frank Company, an estimated $2.18M added.
- The largest Ellington Residential Mortgage REIT seller in Q1 2014 was Pine River Capital Management, an estimated $3.62M sold.
Based on aggregated 13F filings for Q1 2014.