Encore Capital Group
ECPG
163 hedge funds and large institutions have $873M invested in Encore Capital Group in 2020 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 56 increasing their positions, 50 reducing their positions, and 29 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 50
3% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 29
2% less funds holding
Funds holding: 166 → 163 (-3)
2.47% less ownership
Funds ownership: 122.62% → 120.15% (-2.5%)
17% less call options, than puts
Call options by funds: $13.1M | Put options by funds: $15.9M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
35% less capital invested
Capital invested by funds: $1.35B → $873M (-$474M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$30.9M |
| 2 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$30M |
| 3 |
JAM
Jacobs Asset Management
New York
|
+$11.5M |
| 4 |
RI
Redwood Investments
Boston,
Massachusetts
|
+$5.11M |
| 5 |
JP Morgan Chase
New York
|
+$5.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$42.6M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$17M |
| 3 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
-$14.4M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$13.1M |
| 5 |
Morgan Stanley
New York
|
-$7.49M |
ECPG Hedge Fund Activity: Q1 2020 in Review
163 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Encore Capital Group (ECPG) for Q1 2020, worth a combined $873M — down 35% from $1.35B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of ECPG and 28 opened new positions — a net loss of 1 holder — while 50 trimmed existing stakes and 56 added.
The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $30.9M. The largest seller was William Blair Investment Management, cutting an estimated $42.6M.
- 163 institutional investors held Encore Capital Group (ECPG) as of Q1 2020, down from 166 in Q4 2019.
- Funds reported $873M of Encore Capital Group stock for Q1 2020, down 35% quarter-over-quarter.
- 28 funds opened new Encore Capital Group positions in Q1 2020 and 29 closed out, a net change of -1 holder.
- The largest Encore Capital Group buyer in Q1 2020 was Massachusetts Financial Services, an estimated $30.9M added.
- The largest Encore Capital Group seller in Q1 2020 was William Blair Investment Management, an estimated $42.6M sold.
Based on aggregated 13F filings for Q1 2020.