Erie Indemnity
ERIE
212 hedge funds and large institutions have $4.09B invested in Erie Indemnity in 2019 Q2 according to their latest regulatory filings, with 74 funds opening new positions, 59 increasing their positions, 58 reducing their positions, and 36 closing their positions.
106% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 36
55% more capital invested
Capital invested by funds: $2.65B → $4.09B (+$1.44B)
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
20% more funds holding
Funds holding: 177 → 212 (+35)
2.73% more ownership
Funds ownership: 32.09% → 34.82% (+2.7%)
2% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 58
88% less call options, than puts
Call options by funds: $1.09M | Put options by funds: $8.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$137M |
| 2 |
State Street
Boston,
Massachusetts
|
+$53.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$38.7M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
+$29.2M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$24.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ORIO
Old Republic International (ORI)
Chicago,
Illinois
|
-$26.4M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$26.1M |
| 3 |
Renaissance Technologies
New York
|
-$23.1M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$19.4M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$16.5M |
ERIE Hedge Fund Activity: Q2 2019 in Review
212 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Erie Indemnity (ERIE) for Q2 2019, worth a combined $4.09B — up 55% from $2.65B a quarter earlier.
Buyers outnumbered sellers: 74 funds opened new ERIE positions and 36 closed out — a net gain of 38 holders — while 59 added to existing stakes and 58 trimmed.
The largest buyer was BlackRock, adding an estimated $137M. The largest seller was Old Republic International (ORI), cutting an estimated $26.4M.
- 212 institutional investors held Erie Indemnity (ERIE) as of Q2 2019, up from 177 in Q1 2019.
- Funds reported $4.09B of Erie Indemnity stock for Q2 2019, up 55% quarter-over-quarter.
- 74 funds opened new Erie Indemnity positions in Q2 2019 and 36 closed out, a net change of +38 holders.
- The largest Erie Indemnity buyer in Q2 2019 was BlackRock, an estimated $137M added.
- The largest Erie Indemnity seller in Q2 2019 was Old Republic International (ORI), an estimated $26.4M sold.
Based on aggregated 13F filings for Q2 2019.