Essent Group
ESNT
241 hedge funds and large institutions have $2.5B invested in Essent Group in 2020 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 103 increasing their positions, 95 reducing their positions, and 89 closing their positions.
2.23% more ownership
Funds ownership: 94.23% → 96.45% (+2.2%)
8% more repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 95
0% less call options, than puts
Call options by funds: $2.9M | Put options by funds: $2.9M
23% less funds holding
Funds holding: 311 → 241 (-70)
48% less capital invested
Capital invested by funds: $4.81B → $2.5B (-$2.3B)
67% less funds holding in top 10
Funds holding in top 10: 9 → 3 (-6)
71% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 89
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$136M |
| 2 |
Goldman Sachs
New York
|
+$65.5M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$62M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$60.2M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APG Asset Management
Amsterdam,
Netherlands
|
-$59.8M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$54.9M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$47.7M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$37.9M |
| 5 |
BlackRock
New York
|
-$37M |
ESNT Hedge Fund Activity: Q1 2020 in Review
241 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Essent Group (ESNT) for Q1 2020, worth a combined $2.5B — down 48% from $4.81B a quarter earlier.
Sellers outnumbered buyers: 89 funds closed out of ESNT and 26 opened new positions — a net loss of 63 holders — while 95 trimmed existing stakes and 103 added.
The largest buyer was Cooke & Bieler, adding an estimated $136M. The largest seller was APG Asset Management, cutting an estimated $59.8M.
- 241 institutional investors held Essent Group (ESNT) as of Q1 2020, down from 311 in Q4 2019.
- Funds reported $2.5B of Essent Group stock for Q1 2020, down 48% quarter-over-quarter.
- 26 funds opened new Essent Group positions in Q1 2020 and 89 closed out, a net change of -63 holders.
- The largest Essent Group buyer in Q1 2020 was Cooke & Bieler, an estimated $136M added.
- The largest Essent Group seller in Q1 2020 was APG Asset Management, an estimated $59.8M sold.
Based on aggregated 13F filings for Q1 2020.