Encore Capital Group
ECPG
157 hedge funds and large institutions have $910M invested in Encore Capital Group in 2016 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 76 increasing their positions, 47 reducing their positions, and 27 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 47
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
5% less funds holding
Funds holding: 166 → 157 (-9)
14% less capital invested
Capital invested by funds: $1.06B → $910M (-$154M)
30% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 27
73% less call options, than puts
Call options by funds: $772K | Put options by funds: $2.85M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
+$21.9M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$18M |
| 3 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$6.53M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$5.13M |
| 5 |
SGCIA
Smith Graham & Co Investment Advisors
Houston,
Texas
|
+$3.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Channing Capital Management
Chicago,
Illinois
|
-$40.5M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
-$24.8M |
| 3 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$22.8M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$11.1M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$5.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWP
176
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$235K | -8,086 | Closed |
|
177
Arrowstreet Capital
Boston,
Massachusetts
| – | -$221K | -7,600 | Closed |
|
178
AssetMark Inc
Concord,
California
| – | -$168K | -7,268 | -100% |
|
|
JG
179
Jefferies Group
New York
| – | -$115K | -5,000 | Closed |
|
180
Victory Capital Management
San Antonio,
Texas
| – | -$72K | -2,474 | Closed |
|
|
QT
181
Quantbot Technologies
New York
| – | -$22K | -790 | Closed |
|
|
IA
182
IFP Advisors
Tampa,
Florida
| – | -$7K | -225 | Closed |
|
183
Citadel Advisors
Miami,
Florida
| – | -$3.25K | -141 | Closed |
|
|
SI
184
Stephens Inc
Little Rock,
Arkansas
| – | +$92 | +4 | New |
|
ECPG Hedge Fund Activity: Q1 2016 in Review
157 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Encore Capital Group (ECPG) for Q1 2016, worth a combined $910M — down 14% from $1.06B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of ECPG and 19 opened new positions — a net loss of 8 holders — while 47 trimmed existing stakes and 76 added.
The largest buyer was Carlson Capital, opening a new position worth an estimated $21.9M. The largest seller was Channing Capital Management, exiting entirely with an estimated $40.5M sold.
- 157 institutional investors held Encore Capital Group (ECPG) as of Q1 2016, down from 166 in Q4 2015.
- Funds reported $910M of Encore Capital Group stock for Q1 2016, down 14% quarter-over-quarter.
- 19 funds opened new Encore Capital Group positions in Q1 2016 and 27 closed out, a net change of -8 holders.
- The largest Encore Capital Group buyer in Q1 2016 was Carlson Capital, an estimated $21.9M added.
- The largest Encore Capital Group seller in Q1 2016 was Channing Capital Management, an estimated $40.5M sold.
Based on aggregated 13F filings for Q1 2016.