First American
244 hedge funds and large institutions have $3.77B invested in First American in 2016 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 91 increasing their positions, 79 reducing their positions, and 29 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
15% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 79
3% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 29
1% more capital invested
Capital invested by funds: $3.73B → $3.77B (+$46.4M)
0% more funds holding
Funds holding: 243 → 244 (+1)
4.08% less ownership
Funds ownership: 95.68% → 91.61% (-4.1%)
24% less call options, than puts
Call options by funds: $622K | Put options by funds: $815K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fisher Asset Management
Camas,
Washington
|
+$18.6M |
| 2 |
Goldman Sachs
New York
|
+$12.1M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$10.3M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$9.76M |
| 5 |
Millennium Management
New York
|
+$9.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$75.3M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
-$74.7M |
| 3 |
OAMG
Odey Asset Management Group
London,
United Kingdom
|
-$30.2M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$22.1M |
| 5 |
Bank of New York Mellon
New York
|
-$9.13M |
FAF Hedge Fund Activity: Q1 2016 in Review
244 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q1 2016, worth a combined $3.77B — up 1.2% from $3.73B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new FAF positions and 29 closed out — a net gain of 1 holder — while 91 added to existing stakes and 79 trimmed.
The largest buyer was Fisher Asset Management, adding an estimated $18.6M. The largest seller was T. Rowe Price Associates, cutting an estimated $75.3M.
- 244 institutional investors held First American (FAF) as of Q1 2016, up from 243 in Q4 2015.
- Funds reported $3.77B of First American stock for Q1 2016, up 1.2% quarter-over-quarter.
- 30 funds opened new First American positions in Q1 2016 and 29 closed out, a net change of +1 holder.
- The largest First American buyer in Q1 2016 was Fisher Asset Management, an estimated $18.6M added.
- The largest First American seller in Q1 2016 was T. Rowe Price Associates, an estimated $75.3M sold.
Based on aggregated 13F filings for Q1 2016.