Ellington Financial
66 hedge funds and large institutions have $308M invested in Ellington Financial in 2014 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 20 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
5.02% less ownership
Funds ownership: 50.03% → 45.01% (-5%)
16% less funds holding
Funds holding: 79 → 66 (-13)
17% less capital invested
Capital invested by funds: $372M → $308M (-$64.2M)
55% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 20
90% less call options, than puts
Call options by funds: $465K | Put options by funds: $4.82M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$25.8M |
| 2 |
Citigroup
New York
|
+$5.82M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$5.48M |
| 4 |
OA
Omega Advisors
New York
|
+$4.24M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$35.6M |
| 2 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$35M |
| 3 |
Renaissance Technologies
New York
|
-$4.3M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.99M |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$3.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OAM
76
Orinda Asset Management
Lafayette,
California
| – | -$400K | -18,000 | Closed |
|
|
IAM
77
ICM Asset Management
Spokane,
Washington
| – | -$366K | -16,470 | Closed |
|
|
TC
78
TFS Capital
West Chester,
Pennsylvania
| – | -$248K | -11,154 | Closed |
|
|
BT
79
Beacon Trust
Morristown,
New Jersey
| – | -$232K | -10,438 | Closed |
|
80
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$215K | -9,682 | Closed |
|
81
Group One Trading
Chicago,
Illinois
| – | -$121K | -5,597 | Closed |
|
82
US Bancorp
Minneapolis,
Minnesota
| – | -$44K | -2,000 | Closed |
|
|
SCA
83
Strategic Capital Alternatives
Gig Harbor,
United States
| – | -$27K | -1,212 | Closed |
|
84
Ameriprise
Minneapolis,
Minnesota
| – | -$27K | -1,200 | Closed |
|
|
OCM
85
One Capital Management
Westlake Village,
California
| – | -$11K | -500 | Closed |
|
EFC Hedge Fund Activity: Q4 2014 in Review
66 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Ellington Financial (EFC) for Q4 2014, worth a combined $308M — down 17% from $372M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of EFC and 9 opened new positions — a net loss of 11 holders — while 19 trimmed existing stakes and 20 added.
The largest buyer was Wellington Management Group, adding an estimated $25.8M. The largest seller was Deutsche Bank, cutting an estimated $35.6M.
- 66 institutional investors held Ellington Financial (EFC) as of Q4 2014, down from 79 in Q3 2014.
- Funds reported $308M of Ellington Financial stock for Q4 2014, down 17% quarter-over-quarter.
- 9 funds opened new Ellington Financial positions in Q4 2014 and 20 closed out, a net change of -11 holders.
- The largest Ellington Financial buyer in Q4 2014 was Wellington Management Group, an estimated $25.8M added.
- The largest Ellington Financial seller in Q4 2014 was Deutsche Bank, an estimated $35.6M sold.
Based on aggregated 13F filings for Q4 2014.