Everest Group
333 hedge funds and large institutions have $6.66B invested in Everest Group in 2013 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 114 increasing their positions, 130 reducing their positions, and 26 closing their positions.
62% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 26
21% more call options, than puts
Call options by funds: $19.8M | Put options by funds: $16.4M
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
14% more capital invested
Capital invested by funds: $5.87B → $6.66B (+$795M)
4% more funds holding
Funds holding: 320 → 333 (+13)
2.84% more ownership
Funds ownership: 91.54% → 94.38% (+2.8%)
12% less repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 130
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$116M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$55.6M |
| 3 |
Canada Life
Winnipeg,
Manitoba, Canada
|
+$49.1M |
| 4 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$36.2M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$34.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$81M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$76.9M |
| 3 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
-$44.9M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$43.9M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$33.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NCCM
351
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$487K | -3,800 | Closed |
|
|
SCM
352
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$399K | -3,113 | Closed |
|
|
LAM
353
Lingohr Asset Management
Duesseldorf,
Germany
| – | -$359K | -2,800 | Closed |
|
|
ZDA
354
Zweig-DiMenna Associates
New York
| – | -$329K | -2,563 | Closed |
|
355
Acadian Asset Management
Boston,
Massachusetts
| – | -$307K | -2,396 | Closed |
|
|
T
356
TradeWorx
Red Bank,
New Jersey
| – | -$217K | -1,690 | Closed |
|
|
CMBA
357
C.M. Bidwell & Associates
Honolulu,
Hawaii
| – | -$213K | -1,660 | Closed |
|
|
MFS
358
MSI Financial Services
Springfield,
Massachusetts
| – | -$6K | -50 | Closed |
|
|
TIM
359
Tortoise Investment Management
White Plains,
New York
| – | -$6K | -50 | Closed |
|
EG Hedge Fund Activity: Q3 2013 in Review
333 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Everest Group (EG) for Q3 2013, worth a combined $6.66B — up 14% from $5.87B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new EG positions and 26 closed out — a net gain of 16 holders — while 114 added to existing stakes and 130 trimmed.
The largest buyer was Systematic Financial Management, opening a new position worth an estimated $116M. The largest seller was Davis Selected Advisers, cutting an estimated $81M.
- 333 institutional investors held Everest Group (EG) as of Q3 2013, up from 320 in Q2 2013.
- Funds reported $6.66B of Everest Group stock for Q3 2013, up 14% quarter-over-quarter.
- 42 funds opened new Everest Group positions in Q3 2013 and 26 closed out, a net change of +16 holders.
- The largest Everest Group buyer in Q3 2013 was Systematic Financial Management, an estimated $116M added.
- The largest Everest Group seller in Q3 2013 was Davis Selected Advisers, an estimated $81M sold.
Based on aggregated 13F filings for Q3 2013.