Essendant Inc.
ESND
ESND was delisted on the 30th of January, 2019.
152 hedge funds and large institutions have $490M invested in Essendant Inc. in 2017 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 75 increasing their positions, 38 reducing their positions, and 12 closing their positions.
97% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 38
58% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 12
3% more funds holding
Funds holding: 147 → 152 (+5)
9% less capital invested
Capital invested by funds: $538M → $490M (-$47.3M)
96% less call options, than puts
Call options by funds: $9K | Put options by funds: $238K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$10.5M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$3.48M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$3.23M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.59M |
| 5 |
Millennium Management
New York
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$13.4M |
| 2 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$3.37M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.91M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.79M |
| 5 |
D.E. Shaw & Co
New York
|
-$1.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
151
D.E. Shaw & Co
New York
| – | -$1.49M | -100,432 | Closed |
|
|
AG
152
Algert Global
San Francisco,
California
| – | -$1.31M | -88,478 | Closed |
|
|
ZCM
153
Zebra Capital Management
Stamford,
Connecticut
| – | -$965K | -65,090 | Closed |
|
|
TC
154
TFS Capital
West Chester,
Pennsylvania
| – | -$502K | -33,832 | Closed |
|
|
CIC
155
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$484K | -32,627 | Closed |
|
156
Renaissance Technologies
New York
| – | -$421K | -28,422 | Closed |
|
|
HCM
157
Highbridge Capital Management
New York
| – | -$231K | -15,593 | Closed |
|
|
CSS
158
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$179K | -12,051 | Closed |
|
159
SEI Investments
Oaks,
Pennsylvania
| – | -$1K | -41 | Closed |
|
|
CG
160
Cutler Group
San Francisco,
California
| – | -$139 | -11 | Closed |
|
|
CTC
161
Central Trust Company
Jefferson City,
Missouri
| – | +$860 | +68 | New |
|
ESND Hedge Fund Activity: Q3 2017 in Review
152 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Essendant Inc. (ESND) for Q3 2017, worth a combined $490M — down 8.8% from $538M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new ESND positions and 12 closed out — a net gain of 7 holders — while 75 added to existing stakes and 38 trimmed.
The largest buyer was Pzena Investment Management, adding an estimated $10.5M. The largest seller was Frontier Capital Management, exiting entirely with an estimated $13.4M sold.
- 152 institutional investors held Essendant Inc. (ESND) as of Q3 2017, up from 147 in Q2 2017.
- Funds reported $490M of Essendant Inc. stock for Q3 2017, down 8.8% quarter-over-quarter.
- 19 funds opened new Essendant Inc. positions in Q3 2017 and 12 closed out, a net change of +7 holders.
- The largest Essendant Inc. buyer in Q3 2017 was Pzena Investment Management, an estimated $10.5M added.
- The largest Essendant Inc. seller in Q3 2017 was Frontier Capital Management, an estimated $13.4M sold.
Based on aggregated 13F filings for Q3 2017.