FirstCash
FCFS
180 hedge funds and large institutions have $2.29B invested in FirstCash in 2017 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 71 increasing their positions, 57 reducing their positions, and 26 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 57
12% more capital invested
Capital invested by funds: $2.04B → $2.29B (+$248M)
12% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 26
6.88% more ownership
Funds ownership: 89.4% → 96.29% (+6.9%)
4% more call options, than puts
Call options by funds: $2.83M | Put options by funds: $2.72M
2% less funds holding
Funds holding: 184 → 180 (-4)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$262M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$30.1M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$29.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$28M |
| 5 |
GPGA
Grandeur Peak Global Advisors
Salt Lake City,
Utah
|
+$17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$21.7M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$21.2M |
| 3 |
Renaissance Technologies
New York
|
-$13.1M |
| 4 |
HW
Hancock Whitney
Gulfport,
Mississippi
|
-$11.7M |
| 5 |
PSCM
Prince Street Capital Management
New York
|
-$7.86M |
FCFS Hedge Fund Activity: Q1 2017 in Review
180 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in FirstCash (FCFS) for Q1 2017, worth a combined $2.29B — up 12% from $2.04B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new FCFS positions and 26 closed out — a net gain of 3 holders — while 71 added to existing stakes and 57 trimmed.
The largest buyer was BlackRock, adding an estimated $262M. The largest seller was JP Morgan Chase, cutting an estimated $21.7M.
- 180 institutional investors held FirstCash (FCFS) as of Q1 2017, down from 184 in Q4 2016.
- Funds reported $2.29B of FirstCash stock for Q1 2017, up 12% quarter-over-quarter.
- 29 funds opened new FirstCash positions in Q1 2017 and 26 closed out, a net change of +3 holders.
- The largest FirstCash buyer in Q1 2017 was BlackRock, an estimated $262M added.
- The largest FirstCash seller in Q1 2017 was JP Morgan Chase, an estimated $21.7M sold.
Based on aggregated 13F filings for Q1 2017.