Elevate Credit, Inc.
ELVT
ELVT was delisted on the 27th of February, 2023.
74 hedge funds and large institutions have $15.1M invested in Elevate Credit, Inc. in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 31 increasing their positions, 22 reducing their positions, and 12 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 22
3% less funds holding
Funds holding: 76 → 74 (-2)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
80% less capital invested
Capital invested by funds: $77.1M → $15.1M (-$61.9M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.29M |
| 2 |
Renaissance Technologies
New York
|
+$884K |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$869K |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$794K |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$755K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Requisite Capital Management
Dallas,
Texas
|
-$8.14M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.7M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$2.15M |
| 4 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$2.1M |
| 5 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
-$1.03M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IECM
76
Intrinsic Edge Capital Management
Chicago,
Illinois
| – | -$2.1M | -472,103 | Closed |
|
|
MAM
77
Martingale Asset Management
Boston,
Massachusetts
| – | -$550K | -123,403 | Closed |
|
78
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$534K | -120,009 | Closed |
|
|
MCM
79
Matarin Capital Management
New York
| – | -$222K | -49,777 | Closed |
|
|
HW
80
Hancock Whitney
Gulfport,
Mississippi
| – | -$193K | -43,303 | Closed |
|
|
CEP
81
Chicago Equity Partners
Chicago,
Illinois
| – | -$146K | -32,915 | Closed |
|
|
GCP
82
GSA Capital Partners
London,
United Kingdom
| – | -$71K | -15,900 | Closed |
|
83
Two Sigma Investments
New York
| – | -$65K | -14,595 | Closed |
|
|
RIA
84
Realta Investment Advisors
Wilmington,
Delaware
| – | -$7K | -1,805 | Closed |
|
|
TRCT
85
Tower Research Capital (TRC)
New York
| – | -$6K | -1,419 | Closed |
|
|
PCM
86
Penserra Capital Management
Orinda,
California
| – | -$7 | -2 | -11% |
|
ELVT Hedge Fund Activity: Q1 2020 in Review
74 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Elevate Credit, Inc. (ELVT) for Q1 2020, worth a combined $15.1M — down 80% from $77.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ELVT and 10 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 31 added.
The largest buyer was Vanguard Group, adding an estimated $1.29M. The largest seller was Requisite Capital Management, cutting an estimated $8.14M.
- 74 institutional investors held Elevate Credit, Inc. (ELVT) as of Q1 2020, down from 76 in Q4 2019.
- Funds reported $15.1M of Elevate Credit, Inc. stock for Q1 2020, down 80% quarter-over-quarter.
- 10 funds opened new Elevate Credit, Inc. positions in Q1 2020 and 12 closed out, a net change of -2 holders.
- The largest Elevate Credit, Inc. buyer in Q1 2020 was Vanguard Group, an estimated $1.29M added.
- The largest Elevate Credit, Inc. seller in Q1 2020 was Requisite Capital Management, an estimated $8.14M sold.
Based on aggregated 13F filings for Q1 2020.