Encore Capital Group
ECPG
173 hedge funds and large institutions have $2.2B invested in Encore Capital Group in 2013 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 62 increasing their positions, 68 reducing their positions, and 16 closing their positions.
56% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 16
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
5% more funds holding
Funds holding: 165 → 173 (+8)
9% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 68
12% less capital invested
Capital invested by funds: $2.51B → $2.2B (-$301M)
24% less call options, than puts
Call options by funds: $3.09M | Put options by funds: $4.05M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$58.9M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
+$29.3M |
| 3 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$25.4M |
| 4 |
BRIM
Broad Run Investment Management
Arlington,
Virginia
|
+$8.78M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$8.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$418M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$52.3M |
| 3 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
-$30.4M |
| 4 |
William Blair & Company
Chicago,
Illinois
|
-$16.5M |
| 5 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$14.3M |
ECPG Hedge Fund Activity: Q4 2013 in Review
173 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Encore Capital Group (ECPG) for Q4 2013, worth a combined $2.2B — down 12% from $2.51B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new ECPG positions and 16 closed out — a net gain of 9 holders — while 62 added to existing stakes and 68 trimmed.
The largest buyer was Boston Trust Walden, opening a new position worth an estimated $58.9M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $418M.
- 173 institutional investors held Encore Capital Group (ECPG) as of Q4 2013, up from 165 in Q3 2013.
- Funds reported $2.2B of Encore Capital Group stock for Q4 2013, down 12% quarter-over-quarter.
- 25 funds opened new Encore Capital Group positions in Q4 2013 and 16 closed out, a net change of +9 holders.
- The largest Encore Capital Group buyer in Q4 2013 was Boston Trust Walden, an estimated $58.9M added.
- The largest Encore Capital Group seller in Q4 2013 was BNP Paribas Financial Markets, an estimated $418M sold.
Based on aggregated 13F filings for Q4 2013.