Erie Indemnity
ERIE
214 hedge funds and large institutions have $3.1B invested in Erie Indemnity in 2019 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 80 increasing their positions, 57 reducing their positions, and 37 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 57
1.4% more ownership
Funds ownership: 34.82% → 36.22% (+1.4%)
8% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 37
1% more funds holding
Funds holding: 212 → 214 (+2)
24% less capital invested
Capital invested by funds: $4.09B → $3.1B (-$985M)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
94% less call options, than puts
Call options by funds: $390K | Put options by funds: $6.21M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$55M |
| 2 |
Janus Henderson Group
London,
|
+$35.7M |
| 3 |
State Street
Boston,
Massachusetts
|
+$31.2M |
| 4 |
JP Morgan Chase
New York
|
+$15.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$37.7M |
| 2 |
ORIO
Old Republic International (ORI)
Chicago,
Illinois
|
-$24.2M |
| 3 |
JWM
Jackson Wealth Management
Lake Mary,
Florida
|
-$22.8M |
| 4 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$18.9M |
| 5 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$10.8M |
ERIE Hedge Fund Activity: Q3 2019 in Review
214 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in Erie Indemnity (ERIE) for Q3 2019, worth a combined $3.1B — down 24% from $4.09B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new ERIE positions and 37 closed out — a net gain of 3 holders — while 80 added to existing stakes and 57 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $55M. The largest seller was Franklin Resources, cutting an estimated $37.7M.
- 214 institutional investors held Erie Indemnity (ERIE) as of Q3 2019, up from 212 in Q2 2019.
- Funds reported $3.1B of Erie Indemnity stock for Q3 2019, down 24% quarter-over-quarter.
- 40 funds opened new Erie Indemnity positions in Q3 2019 and 37 closed out, a net change of +3 holders.
- The largest Erie Indemnity buyer in Q3 2019 was First Trust Advisors, an estimated $55M added.
- The largest Erie Indemnity seller in Q3 2019 was Franklin Resources, an estimated $37.7M sold.
Based on aggregated 13F filings for Q3 2019.