First American
213 hedge funds and large institutions have $2.73B invested in First American in 2013 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 64 increasing their positions, 95 reducing their positions, and 18 closing their positions.
61% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 18
20% more capital invested
Capital invested by funds: $2.28B → $2.73B (+$449M)
5% more funds holding
Funds holding: 202 → 213 (+11)
3.55% more ownership
Funds ownership: 88.34% → 91.88% (+3.5%)
33% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 95
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
72% less call options, than puts
Call options by funds: $149K | Put options by funds: $535K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$47.1M |
| 2 |
RI
Relational Investors
San Diego,
California
|
+$39.4M |
| 3 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$21.1M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$17.8M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$17M |
| 2 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
-$15.9M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$15.4M |
| 4 |
ERM
Elm Ridge Management
Briarcliff Manor,
New York
|
-$13.7M |
| 5 |
Renaissance Technologies
New York
|
-$10.5M |
FAF Hedge Fund Activity: Q4 2013 in Review
213 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q4 2013, worth a combined $2.73B — up 20% from $2.28B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new FAF positions and 18 closed out — a net gain of 11 holders — while 64 added to existing stakes and 95 trimmed.
The largest buyer was OMERS Administration Corp, adding an estimated $47.1M. The largest seller was Allianz Asset Management, cutting an estimated $17M.
- 213 institutional investors held First American (FAF) as of Q4 2013, up from 202 in Q3 2013.
- Funds reported $2.73B of First American stock for Q4 2013, up 20% quarter-over-quarter.
- 29 funds opened new First American positions in Q4 2013 and 18 closed out, a net change of +11 holders.
- The largest First American buyer in Q4 2013 was OMERS Administration Corp, an estimated $47.1M added.
- The largest First American seller in Q4 2013 was Allianz Asset Management, an estimated $17M sold.
Based on aggregated 13F filings for Q4 2013.