First American
203 hedge funds and large institutions have $2.8B invested in First American in 2014 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 75 increasing their positions, 70 reducing their positions, and 22 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
23% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 22
6% more capital invested
Capital invested by funds: $2.65B → $2.8B (+$150M)
2% more funds holding
Funds holding: 199 → 203 (+4)
7% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 70
0.06% more ownership
Funds ownership: 94.12% → 94.18% (+0.06%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $486K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
+$71.2M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$24.6M |
| 3 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$23.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$23.1M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$18.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RI
Relational Investors
San Diego,
California
|
-$70.8M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
-$17.1M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$14.1M |
| 4 |
BCM
Basswood Capital Management
New York
|
-$10M |
| 5 |
Parnassus Investments
San Francisco,
California
|
-$7M |
FAF Hedge Fund Activity: Q2 2014 in Review
203 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q2 2014, worth a combined $2.8B — up 5.7% from $2.65B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FAF positions and 22 closed out — a net gain of 5 holders — while 75 added to existing stakes and 70 trimmed.
The largest buyer was Ninety One (UK), opening a new position worth an estimated $71.2M. The largest seller was Relational Investors, exiting entirely with an estimated $70.8M sold.
- 203 institutional investors held First American (FAF) as of Q2 2014, up from 199 in Q1 2014.
- Funds reported $2.8B of First American stock for Q2 2014, up 5.7% quarter-over-quarter.
- 27 funds opened new First American positions in Q2 2014 and 22 closed out, a net change of +5 holders.
- The largest First American buyer in Q2 2014 was Ninety One (UK), an estimated $71.2M added.
- The largest First American seller in Q2 2014 was Relational Investors, an estimated $70.8M sold.
Based on aggregated 13F filings for Q2 2014.