Elevate Credit, Inc.
ELVT
ELVT was delisted on the 27th of February, 2023.
60 hedge funds and large institutions have $93.5M invested in Elevate Credit, Inc. in 2018 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 26 reducing their positions, and 17 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less funds holding
Funds holding: 72 → 60 (-12)
23% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 26
39% less capital invested
Capital invested by funds: $153M → $93.5M (-$59M)
71% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$5.97M |
| 2 |
6CM
683 Capital Management
New York
|
+$5.48M |
| 3 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$3.98M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.86M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cloverdale Capital Management
Dallas,
Texas
|
-$4.6M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.09M |
| 3 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$1.99M |
| 4 |
State Board of Administration of Florida Retirement System
Tallahassee,
Florida
|
-$1.24M |
| 5 |
Two Sigma Investments
New York
|
-$933K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$4K | -459 | Closed |
|
|
CFGS
77
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$1.42K | -270 | Closed |
|
ELVT Hedge Fund Activity: Q4 2018 in Review
60 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Elevate Credit, Inc. (ELVT) for Q4 2018, worth a combined $93.5M — down 39% from $153M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of ELVT and 5 opened new positions — a net loss of 12 holders — while 26 trimmed existing stakes and 20 added.
The largest buyer was Nantahala Capital Management, adding an estimated $5.97M. The largest seller was Cloverdale Capital Management, exiting entirely with an estimated $4.6M sold.
- 60 institutional investors held Elevate Credit, Inc. (ELVT) as of Q4 2018, down from 72 in Q3 2018.
- Funds reported $93.5M of Elevate Credit, Inc. stock for Q4 2018, down 39% quarter-over-quarter.
- 5 funds opened new Elevate Credit, Inc. positions in Q4 2018 and 17 closed out, a net change of -12 holders.
- The largest Elevate Credit, Inc. buyer in Q4 2018 was Nantahala Capital Management, an estimated $5.97M added.
- The largest Elevate Credit, Inc. seller in Q4 2018 was Cloverdale Capital Management, an estimated $4.6M sold.
Based on aggregated 13F filings for Q4 2018.