Essendant Inc.
ESND
ESND was delisted on the 30th of January, 2019.
148 hedge funds and large institutions have $536M invested in Essendant Inc. in 2017 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 60 increasing their positions, 52 reducing their positions, and 20 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 52
5% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 20
4% less funds holding
Funds holding: 154 → 148 (-6)
28% less capital invested
Capital invested by funds: $743M → $536M (-$207M)
93% less call options, than puts
Call options by funds: $24K | Put options by funds: $349K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$86.1M |
| 2 |
Pzena Investment Management
New York
|
+$20.8M |
| 3 |
PTC
Philadelphia Trust Company
Philadelphia,
Pennsylvania
|
+$6.58M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.4M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$20.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$8.96M |
| 3 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
-$8.16M |
| 4 |
JP Morgan Chase
New York
|
-$3.79M |
| 5 |
LCP
Lombardia Capital Partners
Pasadena,
California
|
-$3.57M |
ESND Hedge Fund Activity: Q1 2017 in Review
148 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Essendant Inc. (ESND) for Q1 2017, worth a combined $536M — down 28% from $743M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of ESND and 19 opened new positions — a net loss of 1 holder — while 52 trimmed existing stakes and 60 added.
The largest buyer was BlackRock, adding an estimated $86.1M. The largest seller was Fidelity Investments, cutting an estimated $20.7M.
- 148 institutional investors held Essendant Inc. (ESND) as of Q1 2017, down from 154 in Q4 2016.
- Funds reported $536M of Essendant Inc. stock for Q1 2017, down 28% quarter-over-quarter.
- 19 funds opened new Essendant Inc. positions in Q1 2017 and 20 closed out, a net change of -1 holder.
- The largest Essendant Inc. buyer in Q1 2017 was BlackRock, an estimated $86.1M added.
- The largest Essendant Inc. seller in Q1 2017 was Fidelity Investments, an estimated $20.7M sold.
Based on aggregated 13F filings for Q1 2017.