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Essent Group
ESNT

83 hedge funds and large institutions have $1.53B invested in Essent Group in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 20 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 20

0.68% more ownership

Funds ownership: 77.8% → 78.48% (+0.68%)

5% less capital invested

Capital invested by funds: $1.61B → $1.53B (-$86.5M)

12% less funds holding

Funds holding: 94 → 83 (-11)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

42% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 19

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $871K

Holders
83
Holders Change
-11
Holders Change %
-11.7%
% of All Funds
2.4%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.09%
New
11
Increased
36
Reduced
20
Closed
19
Calls
–
Puts
$871K
Net Calls
-$871K
Net Calls Change
-$871K

Top Buyers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$36.4M
2
Wells Fargo
Wells Fargo
California
+$18.2M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$16.9M
4
LPLP
Lansdowne Partners Limited Partnership
United Kingdom
+$15.6M
5
TA
Teachers Advisors
New York
+$7.66M

Top Sellers

1
MCM
Munder Capital Management
Michigan
-$19M
2
SCA
SAC Capital Advisors
Connecticut
-$16.4M
3
Federated Hermes
Federated Hermes
Pennsylvania
-$9.86M
4
Caisse de Depot et Placement du Quebec (CDPQ)
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
-$7.82M
5
MC
Maverick Capital
Texas
-$7.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
HHC
26
Hutchin Hill Capital
New York
$8.43M +$2.76M +115,433 +44%
Alyeska Investment Group
27
Alyeska Investment Group
Illinois
$8.08M +$1.91M +79,602 +28%
State Street
28
State Street
Massachusetts
$7.68M +$297K +12,406 +4%
Northern Trust
29
Northern Trust
Illinois
$6.32M -$215K -8,985 -3%
UBS AM
30
UBS AM
Illinois
$6.26M -$1.05M -43,700 -14%
O
31
OppenheimerFunds
New York
$6.21M +$1.23M +51,200 +23%
TIM
32
Thornburg Investment Management
New Mexico
$6.19M -$1.11M -46,191 -14%
Vanguard Group
33
Vanguard Group
Pennsylvania
$4.76M +$1.19M +49,881 +31%
GL
34
GLG LLC
New York
$4.68M +$4.99M +208,339 New
Federated Hermes
35
Federated Hermes
Pennsylvania
$4.25M -$9.86M -411,900 -69%
Franklin Resources
36
Franklin Resources
California
$4.04M -$2.81M -117,188 -39%
Millennium Management
37
Millennium Management
New York
$3.64M -$6.05M -252,661 -61%
Deutsche Bank
38
Deutsche Bank
Germany
$2.94M -$930K -38,846 -23%
BA
39
Broadview Advisors
Wisconsin
$2.84M +$38.9K +1,625 +1%
MAM
40
Mark Asset Management
New York
$2.84M +$619K +25,845 +26%
Geode Capital Management
41
Geode Capital Management
Massachusetts
$2.75M +$636K +26,574 +28%
MWVC
42
Morgens Waterfall Vintiadis & Co
New York
$2.69M +$838K +35,000 +41%
MOACM
43
Mutual of America Capital Management
New York
$2.36M +$2.51M +104,900 New
PAMU
44
Pictet Asset Management (UK)
United Kingdom
$2.08M – – –
Bank of New York Mellon
45
Bank of New York Mellon
New York
$2.05M +$128K +5,342 +6%
BIM
46
BlackRock Investment Management
Delaware
$1.69M +$61.3K +2,561 +4%
Barclays
47
Barclays
United Kingdom
$1.69M +$1.38M +57,549 +300%
SONJCPFA
48
State of New Jersey Common Pension Fund A
New Jersey
$1.69M – – –
DCM
49
Discovery Capital Management
Connecticut
$1.57M – – –
ECP
50
Elk Creek Partners
Colorado
$1.46M +$594K +24,818 +62%
1
2
3 4 5

ESNT Hedge Fund Activity: Q1 2014 in Review

83 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Essent Group (ESNT) for Q1 2014, worth a combined $1.53B — down 5.4% from $1.61B a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of ESNT and 11 opened new positions — a net loss of 8 holders — while 20 trimmed existing stakes and 36 added.

The largest buyer was Lord, Abbett & Co, adding an estimated $36.4M. The largest seller was Munder Capital Management, exiting entirely with an estimated $19M sold.

  • 83 institutional investors held Essent Group (ESNT) as of Q1 2014, down from 94 in Q4 2013.
  • Funds reported $1.53B of Essent Group stock for Q1 2014, down 5.4% quarter-over-quarter.
  • 11 funds opened new Essent Group positions in Q1 2014 and 19 closed out, a net change of -8 holders.
  • The largest Essent Group buyer in Q1 2014 was Lord, Abbett & Co, an estimated $36.4M added.
  • The largest Essent Group seller in Q1 2014 was Munder Capital Management, an estimated $19M sold.

Based on aggregated 13F filings for Q1 2014.