Erie Indemnity
ERIE
126 hedge funds and large institutions have $1.8B invested in Erie Indemnity in 2017 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 51 increasing their positions, 40 reducing their positions, and 9 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 40
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
3% more capital invested
Capital invested by funds: $1.75B → $1.8B (+$50.8M)
1% more funds holding
Funds holding: 125 → 126 (+1)
0.3% more ownership
Funds ownership: 30.79% → 31.09% (+0.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$10.5M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.52M |
| 3 |
BlackRock
New York
|
+$3.41M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$2.92M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$2.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$4.85M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$1.36M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.08M |
| 4 |
Citigroup
New York
|
-$951K |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$883K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCP
126
Proficio Capital Partners
Newton,
Massachusetts
| $3K | – | – | – |
|
|
GC
127
Guggenheim Capital
Chicago,
Illinois
| – | -$1.08M | -8,775 | Closed |
|
|
ZIM
128
Zacks Investment Management
Chicago,
Illinois
| – | -$748K | -6,093 | Closed |
|
|
B
129
Barings
Charlotte,
North Carolina
| – | -$562K | -4,580 | Closed |
|
|
CEP
130
Chicago Equity Partners
Chicago,
Illinois
| – | -$460K | -3,750 | Closed |
|
|
EMG
131
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$417K | -3,400 | Closed |
|
|
AIMCA
132
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
| – | -$356K | -2,900 | Closed |
|
133
HSBC Holdings
London,
United Kingdom
| – | -$280K | -2,284 | Closed |
|
134
Acadian Asset Management
Boston,
Massachusetts
| – | -$25K | -204 | Closed |
|
|
PCM
135
Prelude Capital Management
New York
| – | -$12K | -100 | Closed |
|
ERIE Hedge Fund Activity: Q2 2017 in Review
126 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Erie Indemnity (ERIE) for Q2 2017, worth a combined $1.8B — up 2.9% from $1.75B a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new ERIE positions and 9 closed out — a net gain of 2 holders — while 51 added to existing stakes and 40 trimmed.
The largest buyer was Janus Henderson Group, opening a new position worth an estimated $10.5M. The largest seller was Franklin Resources, cutting an estimated $4.85M.
- 126 institutional investors held Erie Indemnity (ERIE) as of Q2 2017, up from 125 in Q1 2017.
- Funds reported $1.8B of Erie Indemnity stock for Q2 2017, up 2.9% quarter-over-quarter.
- 11 funds opened new Erie Indemnity positions in Q2 2017 and 9 closed out, a net change of +2 holders.
- The largest Erie Indemnity buyer in Q2 2017 was Janus Henderson Group, an estimated $10.5M added.
- The largest Erie Indemnity seller in Q2 2017 was Franklin Resources, an estimated $4.85M sold.
Based on aggregated 13F filings for Q2 2017.