Essendant Inc.
ESND
ESND was delisted on the 30th of January, 2019.
126 hedge funds and large institutions have $369M invested in Essendant Inc. in 2018 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 35 increasing their positions, 46 reducing their positions, and 30 closing their positions.
8% less capital invested
Capital invested by funds: $401M → $369M (-$31.5M)
10% less funds holding
Funds holding: 140 → 126 (-14)
24% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 46
43% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 30
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $328K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$5.74M |
| 2 |
JP Morgan Chase
New York
|
+$4.29M |
| 3 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$2.84M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$2.83M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
-$15.3M |
| 2 |
Man Group
London,
United Kingdom
|
-$7.83M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$4.72M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$3.84M |
| 5 |
IA
IndexIQ Advisors
New York
|
-$3.74M |
ESND Hedge Fund Activity: Q4 2018 in Review
126 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Essendant Inc. (ESND) for Q4 2018, worth a combined $369M — down 7.8% from $401M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of ESND and 17 opened new positions — a net loss of 13 holders — while 46 trimmed existing stakes and 35 added.
The largest buyer was Oxford Asset Management, adding an estimated $5.74M. The largest seller was Pzena Investment Management, cutting an estimated $15.3M.
- 126 institutional investors held Essendant Inc. (ESND) as of Q4 2018, down from 140 in Q3 2018.
- Funds reported $369M of Essendant Inc. stock for Q4 2018, down 7.8% quarter-over-quarter.
- 17 funds opened new Essendant Inc. positions in Q4 2018 and 30 closed out, a net change of -13 holders.
- The largest Essendant Inc. buyer in Q4 2018 was Oxford Asset Management, an estimated $5.74M added.
- The largest Essendant Inc. seller in Q4 2018 was Pzena Investment Management, an estimated $15.3M sold.
Based on aggregated 13F filings for Q4 2018.