FirstCash
FCFS
151 hedge funds and large institutions have $1.26B 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.
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: 162 → 151 (-11)
18% less capital invested
Capital invested by funds: $1.55B → $1.26B (-$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: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$28.3M |
| 2 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$12.1M |
| 3 |
APG Asset Management
Amsterdam,
Netherlands
|
+$10.5M |
| 4 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$8.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$7.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$28M |
| 2 |
WI
WHV Investments
San Francisco,
California
|
-$12.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.8M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$10.1M |
| 5 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
-$8.67M |
FCFS Hedge Fund Activity: Q1 2014 in Review
151 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in FirstCash (FCFS) for Q1 2014, worth a combined $1.26B — 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 $1.26B 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.