Everest Group
581 hedge funds and large institutions have $13.1B invested in Everest Group in 2023 Q1 according to their latest regulatory filings, with 73 funds opening new positions, 200 increasing their positions, 209 reducing their positions, and 39 closing their positions.
87% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 39
16% more call options, than puts
Call options by funds: $26M | Put options by funds: $22.5M
10% more capital invested
Capital invested by funds: $11.9B → $13.1B (+$1.14B)
4% more funds holding
Funds holding: 557 → 581 (+24)
3.13% more ownership
Funds ownership: 93.6% → 96.73% (+3.1%)
4% less repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 209
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$557M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$149M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
+$50.3M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$38.2M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$35.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$170M |
| 2 |
Man Group
London,
United Kingdom
|
-$95M |
| 3 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$64.2M |
| 4 |
MHI
Miller Howard Investments
Kingston,
New York
|
-$43.1M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$42.5M |
EG Hedge Fund Activity: Q1 2023 in Review
581 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Everest Group (EG) for Q1 2023, worth a combined $13.1B — up 9.5% from $11.9B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new EG positions and 39 closed out — a net gain of 34 holders — while 200 added to existing stakes and 209 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $557M. The largest seller was Boston Partners, cutting an estimated $170M.
- 581 institutional investors held Everest Group (EG) as of Q1 2023, up from 557 in Q4 2022.
- Funds reported $13.1B of Everest Group stock for Q1 2023, up 9.5% quarter-over-quarter.
- 73 funds opened new Everest Group positions in Q1 2023 and 39 closed out, a net change of +34 holders.
- The largest Everest Group buyer in Q1 2023 was Envestnet Asset Management, an estimated $557M added.
- The largest Everest Group seller in Q1 2023 was Boston Partners, an estimated $170M sold.
Based on aggregated 13F filings for Q1 2023.