Essendant Inc.
ESND
ESND was delisted on the 30th of January, 2019.
148 hedge funds and large institutions have $339M invested in Essendant Inc. in 2017 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 54 increasing their positions, 55 reducing their positions, and 23 closing their positions.
2% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 55
3% less funds holding
Funds holding: 152 → 148 (-4)
17% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 23
31% less capital invested
Capital invested by funds: $490M → $339M (-$151M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$7.58M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.21M |
| 3 |
Morgan Stanley
New York
|
+$2.5M |
| 4 |
Bank of New York Mellon
New York
|
+$1.79M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$1.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$13.1M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$9.1M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.85M |
| 4 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
-$1.37M |
| 5 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
-$1.34M |
ESND Hedge Fund Activity: Q4 2017 in Review
148 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Essendant Inc. (ESND) for Q4 2017, worth a combined $339M — down 31% from $490M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of ESND and 19 opened new positions — a net loss of 4 holders — while 55 trimmed existing stakes and 54 added.
The largest buyer was Pzena Investment Management, adding an estimated $7.58M. The largest seller was Vanguard Group, cutting an estimated $13.1M.
- 148 institutional investors held Essendant Inc. (ESND) as of Q4 2017, down from 152 in Q3 2017.
- Funds reported $339M of Essendant Inc. stock for Q4 2017, down 31% quarter-over-quarter.
- 19 funds opened new Essendant Inc. positions in Q4 2017 and 23 closed out, a net change of -4 holders.
- The largest Essendant Inc. buyer in Q4 2017 was Pzena Investment Management, an estimated $7.58M added.
- The largest Essendant Inc. seller in Q4 2017 was Vanguard Group, an estimated $13.1M sold.
Based on aggregated 13F filings for Q4 2017.