Ellington Residential Mortgage REIT
EARN
37 hedge funds and large institutions have $86.4M invested in Ellington Residential Mortgage REIT in 2013 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 20 increasing their positions, 4 reducing their positions, and 7 closing their positions.
400% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 4
0% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 7
3% less funds holding
Funds holding: 38 → 37 (-1)
2.84% less ownership
Funds ownership: 64.44% → 61.6% (-2.8%)
18% less capital invested
Capital invested by funds: $105M → $86.4M (-$18.6M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$1.53M |
| 2 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$1.15M |
| 3 |
Barclays
London,
United Kingdom
|
+$1.05M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$951K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$920K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.21M |
| 2 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$2.67M |
| 3 |
Morgan Stanley
New York
|
-$1.35M |
| 4 |
HCS
Harvest Capital Strategies
San Francisco,
California
|
-$1.02M |
| 5 |
SC
Savitr Capital
San Francisco,
California
|
-$982K |
EARN Hedge Fund Activity: Q3 2013 in Review
37 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Ellington Residential Mortgage REIT (EARN) for Q3 2013, worth a combined $86.4M — down 18% from $105M a quarter earlier.
Fund positioning in EARN was balanced in Q3 2013: 7 funds opened new positions, 7 closed out, 20 added to existing stakes and 4 trimmed.
The largest buyer was Pine River Capital Management, adding an estimated $1.53M. The largest seller was Credit Suisse, exiting entirely with an estimated $7.21M sold.
- 37 institutional investors held Ellington Residential Mortgage REIT (EARN) as of Q3 2013, down from 38 in Q2 2013.
- Funds reported $86.4M of Ellington Residential Mortgage REIT stock for Q3 2013, down 18% quarter-over-quarter.
- 7 funds opened new Ellington Residential Mortgage REIT positions in Q3 2013 and 7 closed out, a net change of 0 holders.
- The largest Ellington Residential Mortgage REIT buyer in Q3 2013 was Pine River Capital Management, an estimated $1.53M added.
- The largest Ellington Residential Mortgage REIT seller in Q3 2013 was Credit Suisse, an estimated $7.21M sold.
Based on aggregated 13F filings for Q3 2013.