FirstCash
FCFS
140 hedge funds and large institutions have $1.16B invested in FirstCash in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 54 increasing their positions, 54 reducing their positions, and 17 closing their positions.
18% more capital invested
Capital invested by funds: $986M → $1.16B (+$175M)
0% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 54
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
1% less funds holding
Funds holding: 142 → 140 (-2)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
+$10.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.6M |
| 3 |
GAM
Genesis Asset Managers
Guernsey, Channel Islands,
United Kingdom
|
+$9.07M |
| 4 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$6.31M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$42.6M |
| 2 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$9.83M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$9.41M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$8.17M |
| 5 |
TI
TT International
London,
United Kingdom
|
-$4.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Squarepoint
New York
| – | -$288K | -7,700 | Closed |
|
|
SCM
152
Sterling Capital Management
Charlotte,
North Carolina
| – | -$288K | -7,685 | Closed |
|
|
BF
153
BOK Financial
Tulsa,
Oklahoma
| – | -$268K | -7,156 | Closed |
|
|
TRCT
154
Tower Research Capital (TRC)
New York
| – | -$11K | -300 | Closed |
|
155
Simplex Trading
Chicago,
Illinois
| – | -$4K | -121 | Closed |
|
|
AF
156
Arrow Financial
Glens Falls,
New York
| – | -$3K | -70 | Closed |
|
|
IA
157
IFP Advisors
Tampa,
Florida
| – | -$1K | -25 | Closed |
|
FCFS Hedge Fund Activity: Q1 2016 in Review
140 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in FirstCash (FCFS) for Q1 2016, worth a combined $1.16B — up 18% from $986M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FCFS and 16 opened new positions — a net loss of 1 holder — while 54 trimmed existing stakes and 54 added.
The largest buyer was Luther King Capital Management (LKCM), opening a new position worth an estimated $10.8M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $42.6M.
- 140 institutional investors held FirstCash (FCFS) as of Q1 2016, down from 142 in Q4 2015.
- Funds reported $1.16B of FirstCash stock for Q1 2016, up 18% quarter-over-quarter.
- 16 funds opened new FirstCash positions in Q1 2016 and 17 closed out, a net change of -1 holder.
- The largest FirstCash buyer in Q1 2016 was Luther King Capital Management (LKCM), an estimated $10.8M added.
- The largest FirstCash seller in Q1 2016 was Kayne Anderson Rudnick Investment Management, an estimated $42.6M sold.
Based on aggregated 13F filings for Q1 2016.