First American
FAF
317 hedge funds and large institutions have $3.52B invested in First American in 2016 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 124 increasing their positions, 104 reducing their positions, and 28 closing their positions.
104% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 28
19% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 104
9% more funds holding
Funds holding: 292 → 317 (+25)
1.2% more ownership
Funds ownership: 86.24% → 87.44% (+1.2%)
4% less capital invested
Capital invested by funds: $3.66B → $3.52B (-$147M)
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $234K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$39.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$24.2M |
| 3 |
Goldman Sachs
New York
|
+$23.8M |
| 4 |
STMM
South Texas Money Management
San Antonio,
Texas
|
+$21.5M |
| 5 |
HCM
Highbridge Capital Management
New York
|
+$20M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$45.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$45.2M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$25.7M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$24.4M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$19.5M |
FAF Hedge Fund Activity: Q4 2016 in Review
317 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q4 2016, worth a combined $3.52B — down 4% from $3.66B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new FAF positions and 28 closed out — a net gain of 29 holders — while 124 added to existing stakes and 104 trimmed.
The largest buyer was BlackRock Institutional Trust, adding an estimated $39.3M. The largest seller was T. Rowe Price Associates, cutting an estimated $45.5M.
- 317 institutional investors held First American (FAF) as of Q4 2016, up from 292 in Q3 2016.
- Funds reported $3.52B of First American stock for Q4 2016, down 4% quarter-over-quarter.
- 57 funds opened new First American positions in Q4 2016 and 28 closed out, a net change of +29 holders.
- The largest First American buyer in Q4 2016 was BlackRock Institutional Trust, an estimated $39.3M added.
- The largest First American seller in Q4 2016 was T. Rowe Price Associates, an estimated $45.5M sold.
Based on aggregated 13F filings for Q4 2016.