FirstCash
FCFS
273 hedge funds and large institutions have $3.26B invested in FirstCash in 2023 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 79 increasing their positions, 103 reducing their positions, and 26 closing their positions.
1,682% more call options, than puts
Call options by funds: $7.64M | Put options by funds: $429K
73% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 26
7% more funds holding
Funds holding: 256 → 273 (+17)
1.9% less ownership
Funds ownership: 78.81% → 76.91% (-1.9%)
5% less capital invested
Capital invested by funds: $3.44B → $3.26B (-$180M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
23% less repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 103
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$14.5M |
| 2 |
FSCM
First Sabrepoint Capital Management
Dallas,
Texas
|
+$10.6M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$5.91M |
| 4 |
Corient Private Wealth
Miami,
Florida
|
+$5.57M |
| 5 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$5.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
-$41.1M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$35.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$29.5M |
| 4 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$24.4M |
| 5 |
EARNEST Partners
Atlanta,
Georgia
|
-$16M |
FCFS Hedge Fund Activity: Q2 2023 in Review
273 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in FirstCash (FCFS) for Q2 2023, worth a combined $3.26B — down 5.2% from $3.44B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new FCFS positions and 26 closed out — a net gain of 19 holders — while 79 added to existing stakes and 103 trimmed.
The largest buyer was Polar Asset Management Partners, opening a new position worth an estimated $14.5M. The largest seller was Cooke & Bieler, cutting an estimated $41.1M.
- 273 institutional investors held FirstCash (FCFS) as of Q2 2023, up from 256 in Q1 2023.
- Funds reported $3.26B of FirstCash stock for Q2 2023, down 5.2% quarter-over-quarter.
- 45 funds opened new FirstCash positions in Q2 2023 and 26 closed out, a net change of +19 holders.
- The largest FirstCash buyer in Q2 2023 was Polar Asset Management Partners, an estimated $14.5M added.
- The largest FirstCash seller in Q2 2023 was Cooke & Bieler, an estimated $41.1M sold.
Based on aggregated 13F filings for Q2 2023.