Encore Capital Group
ECPG
150 hedge funds and large institutions have $1.27B invested in Encore Capital Group in 2018 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 66 increasing their positions, 34 reducing their positions, and 26 closing their positions.
94% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 34
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
8% more capital invested
Capital invested by funds: $1.18B → $1.27B (+$93.5M)
7% less funds holding
Funds holding: 162 → 150 (-12)
10.81% less ownership
Funds ownership: 125.95% → 115.14% (-11%)
42% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 26
83% less call options, than puts
Call options by funds: $4.76M | Put options by funds: $28.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRIM
Broad Run Investment Management
Arlington,
Virginia
|
+$32.1M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$17.7M |
| 3 |
ClearBridge Investments
New York
|
+$17.2M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$15.2M |
| 5 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
+$11.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$23.4M |
| 2 |
Millennium Management
New York
|
-$11.4M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$5.89M |
| 4 |
Morgan Stanley
New York
|
-$4.76M |
| 5 |
JAM
Jacobs Asset Management
New York
|
-$3.66M |
ECPG Hedge Fund Activity: Q3 2018 in Review
150 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Encore Capital Group (ECPG) for Q3 2018, worth a combined $1.27B — up 7.9% from $1.18B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of ECPG and 15 opened new positions — a net loss of 11 holders — while 34 trimmed existing stakes and 66 added.
The largest buyer was Broad Run Investment Management, adding an estimated $32.1M. The largest seller was Hennessy Advisors Inc, exiting entirely with an estimated $23.4M sold.
- 150 institutional investors held Encore Capital Group (ECPG) as of Q3 2018, down from 162 in Q2 2018.
- Funds reported $1.27B of Encore Capital Group stock for Q3 2018, up 7.9% quarter-over-quarter.
- 15 funds opened new Encore Capital Group positions in Q3 2018 and 26 closed out, a net change of -11 holders.
- The largest Encore Capital Group buyer in Q3 2018 was Broad Run Investment Management, an estimated $32.1M added.
- The largest Encore Capital Group seller in Q3 2018 was Hennessy Advisors Inc, an estimated $23.4M sold.
Based on aggregated 13F filings for Q3 2018.