Encore Capital Group
ECPG
180 hedge funds and large institutions have $1.51B invested in Encore Capital Group in 2014 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 73 increasing their positions, 60 reducing their positions, and 19 closing their positions.
42% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 19
22% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 60
4% more funds holding
Funds holding: 173 → 180 (+7)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
31% less capital invested
Capital invested by funds: $2.2B → $1.51B (-$693M)
42% less call options, than puts
Call options by funds: $279K | Put options by funds: $480K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$59.9M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$13.9M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$11.9M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.31M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$8.08M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$55.3M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$10.1M |
| 3 |
FG
FSI Group
Cincinnati,
Ohio
|
-$7.79M |
| 4 |
PC
Pier Capital
Stamford,
Connecticut
|
-$7.28M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$5.73M |
ECPG Hedge Fund Activity: Q1 2014 in Review
180 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Encore Capital Group (ECPG) for Q1 2014, worth a combined $1.51B — down 31% from $2.2B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new ECPG positions and 19 closed out — a net gain of 8 holders — while 73 added to existing stakes and 60 trimmed.
The largest buyer was EJF Capital, adding an estimated $59.9M. The largest seller was Next Century Growth Investors, exiting entirely with an estimated $55.3M sold.
- 180 institutional investors held Encore Capital Group (ECPG) as of Q1 2014, up from 173 in Q4 2013.
- Funds reported $1.51B of Encore Capital Group stock for Q1 2014, down 31% quarter-over-quarter.
- 27 funds opened new Encore Capital Group positions in Q1 2014 and 19 closed out, a net change of +8 holders.
- The largest Encore Capital Group buyer in Q1 2014 was EJF Capital, an estimated $59.9M added.
- The largest Encore Capital Group seller in Q1 2014 was Next Century Growth Investors, an estimated $55.3M sold.
Based on aggregated 13F filings for Q1 2014.