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Encore Capital Group

138 hedge funds and large institutions have $814M invested in Encore Capital Group in 2018 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 50 increasing their positions, 44 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 44

2.82% less ownership

Funds ownership: 115.14%112.32% (-2.8%)

8% less funds holding

Funds holding: 150138 (-12)

35% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 31

36% less capital invested

Capital invested by funds: $1.27B → $814M (-$457M)

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

97% less call options, than puts

Call options by funds: $1.02M | Put options by funds: $33.4M

Holders
138
Holders Change
-12
Holders Change %
-8%
% of All Funds
3.07%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.04%
New
20
Increased
50
Reduced
44
Closed
31
Calls
$1.02M
Puts
$33.4M
Net Calls
-$32.4M
Net Calls Change
-$8.56M
Name Holding Trade Value Shares
Change
Change in
Stake
BRIM
1
Broad Run Investment Management
Virginia
$90.9M +$1.47M +54,694 +1%
BlackRock
2
BlackRock
New York
$89.8M +$2.9M +107,992 +3%
William Blair Investment Management
3
William Blair Investment Management
Illinois
$78.6M -$894K -33,284 -1%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$68.5M +$28.6M +1,066,212 +58%
Vanguard Group
5
Vanguard Group
Pennsylvania
$68.4M +$4.25M +158,129 +6%
Invesco
6
Invesco
Georgia
$51M +$10.8M +401,913 +23%
HA
7
Homestead Advisers
Virginia
$41.2M -$12.7M -472,500 -21%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$36.4M +$497K +18,488 +1%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$34M +$504K +18,770 +1%
B
10
BloombergSen
Ontario, Canada
$16.7M +$19.1M +712,164 New
State Street
11
State Street
Massachusetts
$16.5M -$190K -7,089 -1%
Northern Trust
12
Northern Trust
Illinois
$15.6M -$4.25K -158 -0%
SIMG
13
Stephens Investment Management Group
Texas
$12.2M +$6.02M +224,010 +76%
SCC
14
Second Curve Capital
Pennsylvania
$12.1M +$2M +74,500 +17%
PM
15
Pembroke Management
Quebec, Canada
$11.8M +$2.31M +86,000 +21%
CS
16
Credit Suisse
Switzerland
$10.6M -$8.81M -327,864 -42%
ClearBridge Investments
17
ClearBridge Investments
New York
$10.3M -$436K -16,247 -4%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$9.98M +$227K +8,438 +2%
SGCIA
19
Smith Graham & Co Investment Advisors
Texas
$8.09M -$482K -17,960 -5%
Morgan Stanley
20
Morgan Stanley
New York
$7.57M -$6.25M -232,667 -42%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$7.34M +$698K +25,984 +9%
Norges Bank
22
Norges Bank
Norway
$7.22M
PCM
23
Peregrine Capital Management
Minnesota
$6.72M +$3.2M +119,166 +71%
Bank of Montreal
24
Bank of Montreal
Ontario, Canada
$6.14M -$3.75M -139,508 -35%
Bank of America
25
Bank of America
North Carolina
$5.38M +$592K +22,053 +11%

ECPG Hedge Fund Activity: Q4 2018 in Review

138 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Encore Capital Group (ECPG) for Q4 2018, worth a combined $814M — down 36% from $1.27B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of ECPG and 20 opened new positions — a net loss of 11 holders — while 44 trimmed existing stakes and 50 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $28.6M. The largest seller was Summit Partners Public Asset Management, exiting entirely with an estimated $20.4M sold.

  • 138 institutional investors held Encore Capital Group (ECPG) as of Q4 2018, down from 150 in Q3 2018.
  • Funds reported $814M of Encore Capital Group stock for Q4 2018, down 36% quarter-over-quarter.
  • 20 funds opened new Encore Capital Group positions in Q4 2018 and 31 closed out, a net change of -11 holders.
  • The largest Encore Capital Group buyer in Q4 2018 was T. Rowe Price Associates, an estimated $28.6M added.
  • The largest Encore Capital Group seller in Q4 2018 was Summit Partners Public Asset Management, an estimated $20.4M sold.

Based on aggregated 13F filings for Q4 2018.