First American
FAF
243 hedge funds and large institutions have $3.73B invested in First American in 2015 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 92 increasing their positions, 81 reducing their positions, and 45 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 81
8% less call options, than puts
Call options by funds: $316K | Put options by funds: $345K
1.38% less ownership
Funds ownership: 97.07% → 95.68% (-1.4%)
7% less funds holding
Funds holding: 261 → 243 (-18)
9% less capital invested
Capital invested by funds: $4.11B → $3.73B (-$383M)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
38% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$34.9M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$18.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$16.1M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$15.7M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
+$11.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
RS Investment Management
San Francisco,
California
|
-$30.6M |
| 2 |
AI
Ariel Investments
Chicago,
Illinois
|
-$30.2M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$20.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$19.3M |
| 5 |
WI
WBI Investments
Red Bank,
New Jersey
|
-$16.3M |
FAF Hedge Fund Activity: Q4 2015 in Review
243 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q4 2015, worth a combined $3.73B — down 9.3% from $4.11B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of FAF and 28 opened new positions — a net loss of 17 holders — while 81 trimmed existing stakes and 92 added.
The largest buyer was AQR Capital Management, adding an estimated $34.9M. The largest seller was RS Investment Management, cutting an estimated $30.6M.
- 243 institutional investors held First American (FAF) as of Q4 2015, down from 261 in Q3 2015.
- Funds reported $3.73B of First American stock for Q4 2015, down 9.3% quarter-over-quarter.
- 28 funds opened new First American positions in Q4 2015 and 45 closed out, a net change of -17 holders.
- The largest First American buyer in Q4 2015 was AQR Capital Management, an estimated $34.9M added.
- The largest First American seller in Q4 2015 was RS Investment Management, an estimated $30.6M sold.
Based on aggregated 13F filings for Q4 2015.