Encore Capital Group
ECPG
138 hedge funds and large institutions have $814M invested in Encore Capital Group in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 50 increasing their positions, 44 reducing their positions, and 31 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 44
2.82% less ownership
Funds ownership: 115.14% → 112.32% (-2.8%)
8% less funds holding
Funds holding: 150 → 138 (-12)
35% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 31
36% less capital invested
Capital invested by funds: $1.27B → $814M (-$457M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
97% less call options, than puts
Call options by funds: $1.02M | Put options by funds: $33.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$28.6M |
| 2 |
B
BloombergSen
Toronto,
Ontario, Canada
|
+$19.1M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$10.8M |
| 4 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$6.02M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
-$20.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$16.4M |
| 3 |
HA
Homestead Advisers
Arlington,
Virginia
|
-$12.7M |
| 4 |
RMCP
Red Mountain Capital Partners
Los Angeles,
California
|
-$9.35M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$8.81M |
ECPG Hedge Fund Activity: Q4 2018 in Review
138 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Encore Capital Group (ECPG) for Q4 2018, worth a combined $814M — down 36% from $1.27B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of ECPG and 20 opened new positions — a net loss of 11 holders — while 44 trimmed existing stakes and 50 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $28.6M. The largest seller was Summit Partners Public Asset Management, exiting entirely with an estimated $20.4M sold.
- 138 institutional investors held Encore Capital Group (ECPG) as of Q4 2018, down from 150 in Q3 2018.
- Funds reported $814M of Encore Capital Group stock for Q4 2018, down 36% quarter-over-quarter.
- 20 funds opened new Encore Capital Group positions in Q4 2018 and 31 closed out, a net change of -11 holders.
- The largest Encore Capital Group buyer in Q4 2018 was T. Rowe Price Associates, an estimated $28.6M added.
- The largest Encore Capital Group seller in Q4 2018 was Summit Partners Public Asset Management, an estimated $20.4M sold.
Based on aggregated 13F filings for Q4 2018.