EverQuote
EVER
143 hedge funds and large institutions have $655M invested in EverQuote in 2020 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 54 increasing their positions, 42 reducing their positions, and 35 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 42
9% more call options, than puts
Call options by funds: $4.14M | Put options by funds: $3.81M
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.35% less ownership
Funds ownership: 92.99% → 89.64% (-3.4%)
5% less funds holding
Funds holding: 150 → 143 (-7)
17% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 35
32% less capital invested
Capital invested by funds: $969M → $655M (-$314M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$26.8M |
| 2 |
SRFM
Shannon River Fund Management
New York
|
+$20.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$19.6M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$15.9M |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
+$14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$53.5M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$26.1M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$24.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$12.7M |
| 5 |
D.E. Shaw & Co
New York
|
-$12.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HPC
176
HM Payson & Co
Portland,
Maine
| – | -$8K | -139 | Closed |
|
|
ETC
177
Exchange Traded Concepts
Oklahoma City,
Oklahoma
| – | +$541 | +12 | New |
|
178
Rockefeller Capital Management
New York
| – | +$721 | +16 | New |
|
EVER Hedge Fund Activity: Q3 2020 in Review
143 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in EverQuote (EVER) for Q3 2020, worth a combined $655M — down 32% from $969M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of EVER and 29 opened new positions — a net loss of 6 holders — while 42 trimmed existing stakes and 54 added.
The largest buyer was Bank of New York Mellon, adding an estimated $26.8M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $53.5M sold.
- 143 institutional investors held EverQuote (EVER) as of Q3 2020, down from 150 in Q2 2020.
- Funds reported $655M of EverQuote stock for Q3 2020, down 32% quarter-over-quarter.
- 29 funds opened new EverQuote positions in Q3 2020 and 35 closed out, a net change of -6 holders.
- The largest EverQuote buyer in Q3 2020 was Bank of New York Mellon, an estimated $26.8M added.
- The largest EverQuote seller in Q3 2020 was T. Rowe Price Associates, an estimated $53.5M sold.
Based on aggregated 13F filings for Q3 2020.