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FirstCash
FCFS

144 hedge funds and large institutions have $1.43B invested in FirstCash in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 71 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

29% more call options, than puts

Call options by funds: $1.89M | Put options by funds: $1.47M

2% more capital invested

Capital invested by funds: $1.41B → $1.43B (+$22.5M)

8% less funds holding

Funds holding: 157 → 144 (-13)

38% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 71

50% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 24

Holders
144
Holders Change
-13
Holders Change %
-8.28%
% of All Funds
4.18%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
12
Increased
44
Reduced
71
Closed
24
Calls
$1.89M
Puts
$1.47M
Net Calls
+$420K
Net Calls Change
+$108K

Top Buyers

1
Lazard Asset Management
Lazard Asset Management
New York
+$67.1M
2
GAM
Genesis Asset Managers
United Kingdom
+$59.3M
3
Morgan Stanley
Morgan Stanley
New York
+$16.9M
4
Deutsche Bank
Deutsche Bank
Germany
+$5.97M
5
VNIM
Vaughan Nelson Investment Management
Texas
+$4.73M

Top Sellers

1
Fidelity International
Fidelity International
Bermuda
-$18.4M
2
Norges Bank
Norges Bank
Norway
-$15.1M
3
TCP
TAMRO Capital Partners
Virginia
-$13.9M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$10.1M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$9.79M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
151
D.E. Shaw & Co
New York
– -$417K -7,243 Closed
IUAM
152
Itau USA Asset Management
New York
– -$386K -6,700 Closed
Nordea Investment Management
153
Nordea Investment Management
Sweden
– -$386K -6,700 Closed
AL
154
Airain Ltd
Guernsey
– -$350K -6,086 Closed
VKH
155
Virtu KCG Holdings
New York
– -$334K -5,812 Closed
CSS
156
Cubist Systematic Strategies
Connecticut
– -$328K -5,687 Closed
Janney Montgomery Scott
157
Janney Montgomery Scott
Pennsylvania
– -$250K -4,343 Closed
PG
158
PEAK6 Group
Illinois
– -$239K -4,150 Closed
IA
159
Icon Advisers
Colorado
– -$219K -3,800 Closed
Renaissance Technologies
160
Renaissance Technologies
New York
– -$219K -3,800 Closed
AQR Capital Management
161
AQR Capital Management
Connecticut
– -$215K -3,728 Closed
VFA
162
Virtus Fund Advisers
Connecticut
– -$142K -2,471 Closed
CAW
163
Cornerstone Advisors (Washington)
Washington
– -$69K -1,200 Closed
FANJ
164
Financial Architects (New Jersey)
New Jersey
– -$14K -250 Closed
HR
165
Howe & Rusling
New York
– -$10K -169 Closed
BRWA
166
B. Riley Wealth Advisors
Florida
– -$5.76K -100 Closed
PAS
167
Partnervest Advisory Services
California
– -$3K -55 Closed
3 4 5 6
7

FCFS Hedge Fund Activity: Q3 2014 in Review

144 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in FirstCash (FCFS) for Q3 2014, worth a combined $1.43B — up 1.6% from $1.41B a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of FCFS and 12 opened new positions — a net loss of 12 holders — while 71 trimmed existing stakes and 44 added.

The largest buyer was Lazard Asset Management, opening a new position worth an estimated $67.1M. The largest seller was Fidelity International, cutting an estimated $18.4M.

  • 144 institutional investors held FirstCash (FCFS) as of Q3 2014, down from 157 in Q2 2014.
  • Funds reported $1.43B of FirstCash stock for Q3 2014, up 1.6% quarter-over-quarter.
  • 12 funds opened new FirstCash positions in Q3 2014 and 24 closed out, a net change of -12 holders.
  • The largest FirstCash buyer in Q3 2014 was Lazard Asset Management, an estimated $67.1M added.
  • The largest FirstCash seller in Q3 2014 was Fidelity International, an estimated $18.4M sold.

Based on aggregated 13F filings for Q3 2014.