Erie Indemnity
ERIE
278 hedge funds and large institutions have $3.36B invested in Erie Indemnity in 2023 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 69 increasing their positions, 98 reducing their positions, and 47 closing their positions.
107% more call options, than puts
Call options by funds: $3.04M | Put options by funds: $1.47M
23% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 47
4% more funds holding
Funds holding: 267 → 278 (+11)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
30% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 98
71% less capital invested
Capital invested by funds: $11.6B → $3.36B (-$8.26B)
74.02% less ownership
Funds ownership: 108.61% → 34.59% (-74%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$43.5M |
| 2 |
HF
HRT Financial
New York
|
+$19.2M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$18.7M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$17.8M |
| 5 |
Jane Street
New York
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$7.48B |
| 2 |
BlackRock
New York
|
-$161M |
| 3 |
State Street
Boston,
Massachusetts
|
-$56.8M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$21.1M |
| 5 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$15.5M |
ERIE Hedge Fund Activity: Q2 2023 in Review
278 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Erie Indemnity (ERIE) for Q2 2023, worth a combined $3.36B — down 71% from $11.6B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new ERIE positions and 47 closed out — a net gain of 11 holders — while 69 added to existing stakes and 98 trimmed.
The largest buyer was Millennium Management, adding an estimated $43.5M. The largest seller was PNC Financial Services Group, cutting an estimated $7.48B.
- 278 institutional investors held Erie Indemnity (ERIE) as of Q2 2023, up from 267 in Q1 2023.
- Funds reported $3.36B of Erie Indemnity stock for Q2 2023, down 71% quarter-over-quarter.
- 58 funds opened new Erie Indemnity positions in Q2 2023 and 47 closed out, a net change of +11 holders.
- The largest Erie Indemnity buyer in Q2 2023 was Millennium Management, an estimated $43.5M added.
- The largest Erie Indemnity seller in Q2 2023 was PNC Financial Services Group, an estimated $7.48B sold.
Based on aggregated 13F filings for Q2 2023.