Ellington Financial
56 hedge funds and large institutions have $292M invested in Ellington Financial in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 7 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
2% less funds holding
Funds holding: 57 → 56 (-1)
2.94% less ownership
Funds ownership: 54.4% → 51.46% (-2.9%)
7% less capital invested
Capital invested by funds: $314M → $292M (-$21.8M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
32% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 22
74% less call options, than puts
Call options by funds: $794K | Put options by funds: $3.11M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$2.03M |
| 2 |
PG
PEAK6 Group
Chicago,
Illinois
|
+$1.9M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$1.82M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$944K |
| 5 |
SAM
Serengeti Asset Management
New York
|
+$897K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$7.56M |
| 2 |
Renaissance Technologies
New York
|
-$4.4M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.28M |
| 4 |
HHMI
Howard Hughes Medical Institute
Chevy Chase,
Maryland
|
-$2.76M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$1.61M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
51
American International Group
New York
| $27K | -$2.24K | -100 | -8% |
|
52
US Bancorp
Minneapolis,
Minnesota
| $9K | +$8.97K | +400 | New |
|
|
TRCT
53
Tower Research Capital (TRC)
New York
| $6K | -$7.47K | -333 | -57% |
|
54
Group One Trading
Chicago,
Illinois
| $4K | -$119K | -5,313 | -97% |
|
55
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $16 | +$1.19K | +53 | +8% |
|
|
56
Renaissance Technologies
New York
| – | -$4.4M | -192,827 | Closed |
|
|
HHMI
57
Howard Hughes Medical Institute
Chevy Chase,
Maryland
| – | -$2.76M | -121,170 | Closed |
|
|
58
Allianz Asset Management
Munich,
Germany
| – | -$1.61M | -70,600 | Closed |
|
59
JP Morgan Chase
New York
| – | -$388K | -17,000 | Closed |
|
|
CCM
60
Coe Capital Management
Highland Park,
Illinois
| – | -$358K | -15,729 | Closed |
|
61
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$235K | -10,473 | Closed |
|
62
Geode Capital Management
Boston,
Massachusetts
| – | -$217K | -9,495 | Closed |
|
EFC Hedge Fund Activity: Q3 2013 in Review
56 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Ellington Financial (EFC) for Q3 2013, worth a combined $292M — down 6.9% from $314M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of EFC and 6 opened new positions — a net loss of 1 holder — while 22 trimmed existing stakes and 15 added.
The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $2.03M. The largest seller was EJF Capital, cutting an estimated $7.56M.
- 56 institutional investors held Ellington Financial (EFC) as of Q3 2013, down from 57 in Q2 2013.
- Funds reported $292M of Ellington Financial stock for Q3 2013, down 6.9% quarter-over-quarter.
- 6 funds opened new Ellington Financial positions in Q3 2013 and 7 closed out, a net change of -1 holder.
- The largest Ellington Financial buyer in Q3 2013 was DePrince Race & Zollo Inc (DRZ), an estimated $2.03M added.
- The largest Ellington Financial seller in Q3 2013 was EJF Capital, an estimated $7.56M sold.
Based on aggregated 13F filings for Q3 2013.