Franklin Electric
FELE
172 hedge funds and large institutions have $1.5B invested in Franklin Electric in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 74 increasing their positions, 53 reducing their positions, and 13 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 53
0.42% more ownership
Funds ownership: 77.42% → 77.84% (+0.42%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less capital invested
Capital invested by funds: $1.55B → $1.5B (-$49.9M)
3% less funds holding
Funds holding: 178 → 172 (-6)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
78% less call options, than puts
Call options by funds: $120K | Put options by funds: $534K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAMU
Impax Asset Management (UK)
London,
United Kingdom
|
+$21M |
| 2 |
RA
Royce & Associates
New York
|
+$13.5M |
| 3 |
EARNEST Partners
Atlanta,
Georgia
|
+$6.94M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$5.9M |
| 5 |
New York State Common Retirement Fund
Albany,
New York
|
+$5.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$16.8M |
| 2 |
MFIMFI
Mesirow Financial Investment Management - Fixed Income
Chicago,
Illinois
|
-$16.1M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$6.59M |
| 4 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$4.97M |
| 5 |
BlackRock
New York
|
-$3.94M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Millennium Management
New York
| – | -$1.15M | -26,774 | Closed |
|
|
PP
177
PDT Partners
New York
| – | -$1.08M | -25,000 | Closed |
|
178
American Century Companies
Kansas City,
Missouri
| – | -$644K | -14,966 | Closed |
|
|
GAM
179
Gotham Asset Management
New York
| – | -$511K | -11,865 | Closed |
|
|
IR
180
Invictus RG
Hamilton,
Bermuda
| – | -$300K | -6,977 | Closed |
|
|
TI
181
Trexquant Investment
Stamford,
Connecticut
| – | -$228K | -5,300 | Closed |
|
|
PCM
182
Prelude Capital Management
New York
| – | -$49K | -1,136 | Closed |
|
|
JFGIW
183
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$35K | -805 | Closed |
|
|
AIM
184
Acrospire Investment Management
Chicago,
Illinois
| – | -$34K | -782 | Closed |
|
|
FANJ
185
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$2K | -38 | Closed |
|
FELE Hedge Fund Activity: Q2 2017 in Review
172 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Franklin Electric (FELE) for Q2 2017, worth a combined $1.5B — down 3.2% from $1.55B a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FELE and 7 opened new positions — a net loss of 6 holders — while 53 trimmed existing stakes and 74 added.
The largest buyer was Impax Asset Management (UK), adding an estimated $21M. The largest seller was Pictet Asset Management (UK), exiting entirely with an estimated $16.8M sold.
- 172 institutional investors held Franklin Electric (FELE) as of Q2 2017, down from 178 in Q1 2017.
- Funds reported $1.5B of Franklin Electric stock for Q2 2017, down 3.2% quarter-over-quarter.
- 7 funds opened new Franklin Electric positions in Q2 2017 and 13 closed out, a net change of -6 holders.
- The largest Franklin Electric buyer in Q2 2017 was Impax Asset Management (UK), an estimated $21M added.
- The largest Franklin Electric seller in Q2 2017 was Pictet Asset Management (UK), an estimated $16.8M sold.
Based on aggregated 13F filings for Q2 2017.