First American
FAF
380 hedge funds and large institutions have $5.55B invested in First American in 2018 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 123 increasing their positions, 141 reducing their positions, and 33 closing their positions.
1,585% more call options, than puts
Call options by funds: $14.5M | Put options by funds: $863K
91% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 33
7% more funds holding
Funds holding: 355 → 380 (+25)
5% more capital invested
Capital invested by funds: $5.28B → $5.55B (+$270M)
0.4% more ownership
Funds ownership: 85.16% → 85.55% (+0.4%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
13% less repeat investments, than reductions
Existing positions increased: 123 | Existing positions reduced: 141
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$39M |
| 2 |
APG Asset Management
Amsterdam,
Netherlands
|
+$38.5M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$32.2M |
| 4 |
Millennium Management
New York
|
+$24.4M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$80M |
| 2 |
STMM
South Texas Money Management
San Antonio,
Texas
|
-$34.2M |
| 3 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$32.7M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$20.9M |
| 5 |
HCM
Hamlin Capital Management
New York
|
-$20.3M |
FAF Hedge Fund Activity: Q1 2018 in Review
380 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in First American (FAF) for Q1 2018, worth a combined $5.55B — up 5.1% from $5.28B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new FAF positions and 33 closed out — a net gain of 30 holders — while 123 added to existing stakes and 141 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $39M. The largest seller was Fidelity Investments, cutting an estimated $80M.
- 380 institutional investors held First American (FAF) as of Q1 2018, up from 355 in Q4 2017.
- Funds reported $5.55B of First American stock for Q1 2018, up 5.1% quarter-over-quarter.
- 63 funds opened new First American positions in Q1 2018 and 33 closed out, a net change of +30 holders.
- The largest First American buyer in Q1 2018 was JP Morgan Chase, an estimated $39M added.
- The largest First American seller in Q1 2018 was Fidelity Investments, an estimated $80M sold.
Based on aggregated 13F filings for Q1 2018.