Fidelity & Guaranty Life
FGL
FGL was delisted on the 30th of November, 2017.
97 hedge funds and large institutions have $310M invested in Fidelity & Guaranty Life in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 38 increasing their positions, 23 reducing their positions, and 14 closing their positions.
65% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 23
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 102 → 97 (-5)
5% less capital invested
Capital invested by funds: $327M → $310M (-$17.2M)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
48% less call options, than puts
Call options by funds: $3.02M | Put options by funds: $5.75M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
+$4.59M |
| 2 |
FCM
Farallon Capital Management
San Francisco,
California
|
+$2.99M |
| 3 |
Renaissance Technologies
New York
|
+$1.98M |
| 4 |
OA
Omega Advisors
New York
|
+$1.71M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
-$6.08M |
| 2 |
Morgan Stanley
New York
|
-$6.01M |
| 3 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
-$4.38M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$3.86M |
| 5 |
CC
Coastland Capital
Palo Alto,
California
|
-$3.57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OP
101
Omni Partners
London,
United Kingdom
| – | -$706K | -30,468 | Closed |
|
|
AIMCA
102
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
| – | -$531K | -22,903 | Closed |
|
103
Nomura Holdings
Tokyo,
Japan
| – | -$498K | -21,500 | Closed |
|
104
Balyasny Asset Management
Chicago,
Illinois
| – | -$408K | -17,580 | Closed |
|
|
GCIA
105
Gabelli & Co Investment Advisers
Rye,
New York
| – | -$407K | -17,560 | Closed |
|
106
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$230K | -10,017 | Closed |
|
107
Citadel Advisors
Miami,
Florida
| – | -$216K | -9,315 | Closed |
|
|
NIT
108
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$141K | -6,100 | Closed |
|
109
Teacher Retirement System of Texas
Austin,
Texas
| – | -$38K | -1,639 | Closed |
|
110
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$2K | -99 | Closed |
|
FGL Hedge Fund Activity: Q3 2016 in Review
97 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Fidelity & Guaranty Life (FGL) for Q3 2016, worth a combined $310M — down 5.3% from $327M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FGL and 10 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 38 added.
The largest buyer was P. Schoenfeld Asset Management (PSAM), opening a new position worth an estimated $4.59M. The largest seller was Highland Capital Management (Texas), exiting entirely with an estimated $6.08M sold.
- 97 institutional investors held Fidelity & Guaranty Life (FGL) as of Q3 2016, down from 102 in Q2 2016.
- Funds reported $310M of Fidelity & Guaranty Life stock for Q3 2016, down 5.3% quarter-over-quarter.
- 10 funds opened new Fidelity & Guaranty Life positions in Q3 2016 and 14 closed out, a net change of -4 holders.
- The largest Fidelity & Guaranty Life buyer in Q3 2016 was P. Schoenfeld Asset Management (PSAM), an estimated $4.59M added.
- The largest Fidelity & Guaranty Life seller in Q3 2016 was Highland Capital Management (Texas), an estimated $6.08M sold.
Based on aggregated 13F filings for Q3 2016.