EverQuote
EVER
131 hedge funds and large institutions have $347M invested in EverQuote in 2020 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 37 increasing their positions, 44 reducing their positions, and 22 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
77% more call options, than puts
Call options by funds: $698K | Put options by funds: $394K
73% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 22
12% more funds holding
Funds holding: 117 → 131 (+14)
11.55% less ownership
Funds ownership: 92.47% → 80.92% (-12%)
13% less capital invested
Capital invested by funds: $401M → $347M (-$53.2M)
16% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRFM
Shannon River Fund Management
New York
|
+$25.3M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$19.1M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$15.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$14M |
| 5 |
Goldman Sachs
New York
|
+$7.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$12.9M |
| 2 |
D.E. Shaw & Co
New York
|
-$10.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$8.9M |
| 4 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$7.24M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$6.69M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$200K | -5,818 | Closed |
|
|
BAM
152
Bullseye Asset Management
Denver,
Colorado
| – | -$9K | -273 | Closed |
|
|
MIM
153
Macroview Investment Management
Bethesda,
Maryland
| – | -$4K | -103 | Closed |
|
EVER Hedge Fund Activity: Q1 2020 in Review
131 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in EverQuote (EVER) for Q1 2020, worth a combined $347M — down 13% from $401M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new EVER positions and 22 closed out — a net gain of 16 holders — while 37 added to existing stakes and 44 trimmed.
The largest buyer was Shannon River Fund Management, opening a new position worth an estimated $25.3M. The largest seller was Morgan Stanley, cutting an estimated $12.9M.
- 131 institutional investors held EverQuote (EVER) as of Q1 2020, up from 117 in Q4 2019.
- Funds reported $347M of EverQuote stock for Q1 2020, down 13% quarter-over-quarter.
- 38 funds opened new EverQuote positions in Q1 2020 and 22 closed out, a net change of +16 holders.
- The largest EverQuote buyer in Q1 2020 was Shannon River Fund Management, an estimated $25.3M added.
- The largest EverQuote seller in Q1 2020 was Morgan Stanley, an estimated $12.9M sold.
Based on aggregated 13F filings for Q1 2020.