First American
FAF
199 hedge funds and large institutions have $2.65B invested in First American in 2014 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 76 increasing their positions, 78 reducing their positions, and 26 closing their positions.
2.23% more ownership
Funds ownership: 91.88% → 94.12% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 78
3% less capital invested
Capital invested by funds: $2.73B → $2.65B (-$85.1M)
7% less funds holding
Funds holding: 213 → 199 (-14)
50% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RI
Relational Investors
San Diego,
California
|
+$30.5M |
| 2 |
OAMG
Odey Asset Management Group
London,
United Kingdom
|
+$26.4M |
| 3 |
RIM
RS Investment Management
San Francisco,
California
|
+$17.9M |
| 4 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$16.4M |
| 5 |
Renaissance Technologies
New York
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$15.8M |
| 2 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$13.8M |
| 3 |
WI
WHV Investments
San Francisco,
California
|
-$10.7M |
| 4 |
AI
Ariel Investments
Chicago,
Illinois
|
-$9.6M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$6.26M |
FAF Hedge Fund Activity: Q1 2014 in Review
199 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q1 2014, worth a combined $2.65B — down 3.1% from $2.73B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of FAF and 13 opened new positions — a net loss of 13 holders — while 78 trimmed existing stakes and 76 added.
The largest buyer was Relational Investors, adding an estimated $30.5M. The largest seller was Citadel Advisors, exiting entirely with an estimated $15.8M sold.
- 199 institutional investors held First American (FAF) as of Q1 2014, down from 213 in Q4 2013.
- Funds reported $2.65B of First American stock for Q1 2014, down 3.1% quarter-over-quarter.
- 13 funds opened new First American positions in Q1 2014 and 26 closed out, a net change of -13 holders.
- The largest First American buyer in Q1 2014 was Relational Investors, an estimated $30.5M added.
- The largest First American seller in Q1 2014 was Citadel Advisors, an estimated $15.8M sold.
Based on aggregated 13F filings for Q1 2014.