Franklin Electric
FELE
176 hedge funds and large institutions have $1.2B invested in Franklin Electric in 2016 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 66 increasing their positions, 59 reducing their positions, and 23 closing their positions.
19% more capital invested
Capital invested by funds: $1B → $1.2B (+$196M)
12% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 59
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 180 → 176 (-4)
17% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAMU
Impax Asset Management (UK)
London,
United Kingdom
|
+$20.5M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$13.3M |
| 3 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$10.2M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$6.61M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$24.8M |
| 2 |
Millennium Management
New York
|
-$8.48M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$7.43M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$5.27M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$5.14M |
FELE Hedge Fund Activity: Q1 2016 in Review
176 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Franklin Electric (FELE) for Q1 2016, worth a combined $1.2B — up 19% from $1B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of FELE and 19 opened new positions — a net loss of 4 holders — while 59 trimmed existing stakes and 66 added.
The largest buyer was Impax Asset Management (UK), adding an estimated $20.5M. The largest seller was T. Rowe Price Associates, cutting an estimated $24.8M.
- 176 institutional investors held Franklin Electric (FELE) as of Q1 2016, down from 180 in Q4 2015.
- Funds reported $1.2B of Franklin Electric stock for Q1 2016, up 19% quarter-over-quarter.
- 19 funds opened new Franklin Electric positions in Q1 2016 and 23 closed out, a net change of -4 holders.
- The largest Franklin Electric buyer in Q1 2016 was Impax Asset Management (UK), an estimated $20.5M added.
- The largest Franklin Electric seller in Q1 2016 was T. Rowe Price Associates, an estimated $24.8M sold.
Based on aggregated 13F filings for Q1 2016.