First American
FAF
264 hedge funds and large institutions have $3.87B invested in First American in 2016 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 87 increasing their positions, 94 reducing their positions, and 22 closing their positions.
105% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 22
8% more funds holding
Funds holding: 244 → 264 (+20)
2% more capital invested
Capital invested by funds: $3.81B → $3.87B (+$63.7M)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
7% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 94
3.84% less ownership
Funds ownership: 91.61% → 87.77% (-3.8%)
41% less call options, than puts
Call options by funds: $485K | Put options by funds: $816K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$23.3M |
| 2 |
TCGI
Three Corner Global Investors
New York
|
+$12.7M |
| 3 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$11.5M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$11M |
| 5 |
SCM
Sandler Capital Management
New York
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$53.3M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
-$28.1M |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$27.9M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$21M |
| 5 |
State Street
Boston,
Massachusetts
|
-$20.9M |
FAF Hedge Fund Activity: Q2 2016 in Review
264 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q2 2016, worth a combined $3.87B — up 1.7% from $3.81B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new FAF positions and 22 closed out — a net gain of 23 holders — while 87 added to existing stakes and 94 trimmed.
The largest buyer was Millennium Management, adding an estimated $23.3M. The largest seller was BlackRock Fund Advisors, cutting an estimated $53.3M.
- 264 institutional investors held First American (FAF) as of Q2 2016, up from 244 in Q1 2016.
- Funds reported $3.87B of First American stock for Q2 2016, up 1.7% quarter-over-quarter.
- 45 funds opened new First American positions in Q2 2016 and 22 closed out, a net change of +23 holders.
- The largest First American buyer in Q2 2016 was Millennium Management, an estimated $23.3M added.
- The largest First American seller in Q2 2016 was BlackRock Fund Advisors, an estimated $53.3M sold.
Based on aggregated 13F filings for Q2 2016.