Etsy
ETSY
138 hedge funds and large institutions have $851M invested in Etsy in 2017 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 50 increasing their positions, 38 reducing their positions, and 32 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 38
4.66% less ownership
Funds ownership: 73.59% → 68.93% (-4.7%)
7% less funds holding
Funds holding: 149 → 138 (-11)
15% less capital invested
Capital invested by funds: $1B → $851M (-$151M)
19% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 32
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
70% less call options, than puts
Call options by funds: $3.43M | Put options by funds: $11.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$74.4M |
| 2 |
CCM
Cadian Capital Management
New York
|
+$34.4M |
| 3 |
DIG
Dragoneer Investment Group
San Francisco,
California
|
+$26.8M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$20.2M |
| 5 |
RCG
Ruane, Cunniff & Goldfarb
New York
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGMBH
Burda Gesellschaft mit beschrankter Haftung
Offenburg,
Germany
|
-$124M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$31M |
| 3 |
CGI
Calixto Global Investors
Coral Gables,
Florida
|
-$15.9M |
| 4 |
EAM
EastBay Asset Management
New York
|
-$13.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$8.41M |
ETSY Hedge Fund Activity: Q1 2017 in Review
138 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Etsy (ETSY) for Q1 2017, worth a combined $851M — down 15% from $1B a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of ETSY and 26 opened new positions — a net loss of 6 holders — while 38 trimmed existing stakes and 50 added.
The largest buyer was BlackRock, adding an estimated $74.4M. The largest seller was Burda Gesellschaft mit beschrankter Haftung, exiting entirely with an estimated $124M sold.
- 138 institutional investors held Etsy (ETSY) as of Q1 2017, down from 149 in Q4 2016.
- Funds reported $851M of Etsy stock for Q1 2017, down 15% quarter-over-quarter.
- 26 funds opened new Etsy positions in Q1 2017 and 32 closed out, a net change of -6 holders.
- The largest Etsy buyer in Q1 2017 was BlackRock, an estimated $74.4M added.
- The largest Etsy seller in Q1 2017 was Burda Gesellschaft mit beschrankter Haftung, an estimated $124M sold.
Based on aggregated 13F filings for Q1 2017.