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FirstCash

151 hedge funds and large institutions have $1.27B invested in FirstCash in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 55 increasing their positions, 56 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% more call options, than puts

Call options by funds: $2.23M | Put options by funds: $1.88M

2% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 56

7% less funds holding

Funds holding: 162151 (-11)

18% less capital invested

Capital invested by funds: $1.55B → $1.27B (-$286M)

33% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 21

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
151
Holders Change
-11
Holders Change %
-6.79%
% of All Funds
4.36%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
14
Increased
55
Reduced
56
Closed
21
Calls
$2.23M
Puts
$1.88M
Net Calls
+$345K
Net Calls Change
-$805K
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$93.3M +$3.46M +64,443 +4%
TIM
2
Thornburg Investment Management
New Mexico
$93.1M +$28.3M +527,534 +40%
BFA
3
BlackRock Fund Advisors
California
$80.1M +$687K +12,795 +0.8%
William Blair & Company
4
William Blair & Company
Illinois
$63M -$1.36M -25,327 -2%
Lazard Asset Management
5
Lazard Asset Management
New York
$56.7M +$4.72M +87,898 +8%
Kayne Anderson Rudnick Investment Management
6
Kayne Anderson Rudnick Investment Management
California
$55.8M +$8.7M +162,056 +17%
NSCM
7
New South Capital Management
Tennessee
$43.9M -$130K -2,421 -0.3%
VNIM
8
Vaughan Nelson Investment Management
Texas
$43.4M +$4.63M +86,250 +11%
TCP
9
TAMRO Capital Partners
Virginia
$42.9M +$2.06M +38,340 +5%
BIT
10
BlackRock Institutional Trust
California
$39.4M +$83.4K +1,554 +0.2%
JP Morgan Chase
11
JP Morgan Chase
New York
$32.5M -$8.19M -152,514 -19%
State Street
12
State Street
Massachusetts
$28.5M +$171K +3,187 +0.6%
Luther King Capital Management (LKCM)
13
Luther King Capital Management (LKCM)
Texas
$26.2M -$8.67M -161,483 -24%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$25.9M -$961K -17,896 -3%
Goldman Sachs
15
Goldman Sachs
New York
$25.6M +$2.71M +50,534 +11%
Fidelity International
16
Fidelity International
Bermuda
$25.3M +$1.19M +22,096 +5%
Fidelity Investments
17
Fidelity Investments
Massachusetts
$24.9M -$11.8M -220,600 -31%
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$21.5M +$453K +8,439 +2%
WRF
19
Waddell & Reed Financial
Kansas
$21.1M -$5M -93,200 -18%
Northern Trust
20
Northern Trust
Illinois
$20.8M -$1.29M -24,098 -6%
CB
21
Cooke & Bieler
Pennsylvania
$20.1M +$12.1M +225,209 +129%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$18.6M -$5.78M -107,767 -23%
WA
23
Wasatch Advisors
Utah
$18.5M +$310K +5,782 +2%
RFS
24
Rockefeller Financial Services
New York
$17.2M +$2.61M +48,655 +17%
Wells Fargo
25
Wells Fargo
California
$15.6M +$4.3M +80,052 +35%

FCFS Hedge Fund Activity: Q1 2014 in Review

151 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in FirstCash (FCFS) for Q1 2014, worth a combined $1.27B — down 18% from $1.55B a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of FCFS and 14 opened new positions — a net loss of 7 holders — while 56 trimmed existing stakes and 55 added.

The largest buyer was Thornburg Investment Management, adding an estimated $28.3M. The largest seller was Stephens Investment Management Group, exiting entirely with an estimated $28M sold.

  • 151 institutional investors held FirstCash (FCFS) as of Q1 2014, down from 162 in Q4 2013.
  • Funds reported $1.27B of FirstCash stock for Q1 2014, down 18% quarter-over-quarter.
  • 14 funds opened new FirstCash positions in Q1 2014 and 21 closed out, a net change of -7 holders.
  • The largest FirstCash buyer in Q1 2014 was Thornburg Investment Management, an estimated $28.3M added.
  • The largest FirstCash seller in Q1 2014 was Stephens Investment Management Group, an estimated $28M sold.

Based on aggregated 13F filings for Q1 2014.