Erie Indemnity
ERIE
106 hedge funds and large institutions have $973M invested in Erie Indemnity in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 46 increasing their positions, 32 reducing their positions, and 19 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 32
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less capital invested
Capital invested by funds: $1.03B → $973M (-$53.3M)
7% less funds holding
Funds holding: 114 → 106 (-8)
37% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$12.8M |
| 2 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
+$2.85M |
| 3 |
Morgan Stanley
New York
|
+$2.21M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.9M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$27.4M |
| 2 |
Legal & General Group
London,
United Kingdom
|
-$6.38M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
-$2.87M |
| 4 |
State Street
Boston,
Massachusetts
|
-$1.86M |
| 5 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
-$1.46M |
ERIE Hedge Fund Activity: Q1 2014 in Review
106 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Erie Indemnity (ERIE) for Q1 2014, worth a combined $973M — down 5.2% from $1.03B a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of ERIE and 12 opened new positions — a net loss of 7 holders — while 32 trimmed existing stakes and 46 added.
The largest buyer was PNC Financial Services Group, adding an estimated $12.8M. The largest seller was Vanguard Group, cutting an estimated $27.4M.
- 106 institutional investors held Erie Indemnity (ERIE) as of Q1 2014, down from 114 in Q4 2013.
- Funds reported $973M of Erie Indemnity stock for Q1 2014, down 5.2% quarter-over-quarter.
- 12 funds opened new Erie Indemnity positions in Q1 2014 and 19 closed out, a net change of -7 holders.
- The largest Erie Indemnity buyer in Q1 2014 was PNC Financial Services Group, an estimated $12.8M added.
- The largest Erie Indemnity seller in Q1 2014 was Vanguard Group, an estimated $27.4M sold.
Based on aggregated 13F filings for Q1 2014.