First American
202 hedge funds and large institutions have $2.28B invested in First American in 2013 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 64 increasing their positions, 83 reducing their positions, and 59 closing their positions.
9% more capital invested
Capital invested by funds: $2.09B → $2.28B (+$197M)
0.75% more ownership
Funds ownership: 87.58% → 88.34% (+0.75%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
11% less funds holding
Funds holding: 227 → 202 (-25)
23% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 83
39% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 59
76% less call options, than puts
Call options by funds: $175K | Put options by funds: $715K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Ariel Investments
Chicago,
Illinois
|
+$26.5M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
+$23.8M |
| 3 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$18.8M |
| 4 |
BCM
Basswood Capital Management
New York
|
+$14.5M |
| 5 |
CCM
Channing Capital Management
Chicago,
Illinois
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
-$29M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$21.1M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$10.1M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$9.87M |
| 5 |
Morgan Stanley
New York
|
-$9.46M |
FAF Hedge Fund Activity: Q3 2013 in Review
202 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q3 2013, worth a combined $2.28B — up 9.4% from $2.09B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of FAF and 36 opened new positions — a net loss of 23 holders — while 83 trimmed existing stakes and 64 added.
The largest buyer was Ariel Investments, adding an estimated $26.5M. The largest seller was Keeley Asset Management, cutting an estimated $29M.
- 202 institutional investors held First American (FAF) as of Q3 2013, down from 227 in Q2 2013.
- Funds reported $2.28B of First American stock for Q3 2013, up 9.4% quarter-over-quarter.
- 36 funds opened new First American positions in Q3 2013 and 59 closed out, a net change of -23 holders.
- The largest First American buyer in Q3 2013 was Ariel Investments, an estimated $26.5M added.
- The largest First American seller in Q3 2013 was Keeley Asset Management, an estimated $29M sold.
Based on aggregated 13F filings for Q3 2013.