Fidelity & Guaranty Life
FGL
FGL was delisted on the 30th of November, 2017.
100 hedge funds and large institutions have $284M invested in Fidelity & Guaranty Life in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 33 increasing their positions, 33 reducing their positions, and 12 closing their positions.
33% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 12
3% more funds holding
Funds holding: 97 → 100 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 33
8% less capital invested
Capital invested by funds: $310M → $284M (-$25.3M)
45% less call options, than puts
Call options by funds: $439K | Put options by funds: $792K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KFM
KG Funds Management
New York
|
+$8M |
| 2 |
OA
Omega Advisors
New York
|
+$5.96M |
| 3 |
Renaissance Technologies
New York
|
+$4.18M |
| 4 |
Goldman Sachs
New York
|
+$3.31M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$13.2M |
| 2 |
CC
Coastland Capital
Palo Alto,
California
|
-$12M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$10.4M |
| 4 |
Morgan Stanley
New York
|
-$6.19M |
| 5 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$4.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PSAMP
101
P. Schoenfeld Asset Management (PSAM)
New York
| – | -$4.64M | -200,000 | Closed |
|
|
FCM
102
Farallon Capital Management
San Francisco,
California
| – | -$3.02M | -130,000 | Closed |
|
|
COPPSERS
103
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
| – | -$2.54M | -109,317 | Closed |
|
|
SMC
104
S. Muoio & Co
New York
| – | -$1.55M | -66,996 | Closed |
|
105
Marshall Wace
London,
United Kingdom
| – | -$1.08M | -46,805 | Closed |
|
|
DC
106
Deere & Company
Moline,
Illinois
| – | -$992K | -42,770 | Closed |
|
|
PRCM
107
Pine River Capital Management
Minnetonka,
Minnesota
| – | -$885K | -38,175 | Closed |
|
|
DCM
108
Dialectic Capital Management
Norwalk,
Connecticut
| – | -$253K | -10,897 | Closed |
|
|
OTC
109
Opera Trading Capital
Paris,
France
| – | -$228K | -9,841 | Closed |
|
110
UBS AM
Chicago,
Illinois
| – | -$223K | -9,600 | Closed |
|
|
FMA
111
FNY Managed Accounts
New York
| – | -$92.8K | -4,000 | Closed |
|
FGL Hedge Fund Activity: Q4 2016 in Review
100 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Fidelity & Guaranty Life (FGL) for Q4 2016, worth a combined $284M — down 8.2% from $310M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FGL positions and 12 closed out — a net gain of 4 holders — while 33 added to existing stakes and 33 trimmed.
The largest buyer was KG Funds Management, opening a new position worth an estimated $8M. The largest seller was Magnetar Financial, exiting entirely with an estimated $13.2M sold.
- 100 institutional investors held Fidelity & Guaranty Life (FGL) as of Q4 2016, up from 97 in Q3 2016.
- Funds reported $284M of Fidelity & Guaranty Life stock for Q4 2016, down 8.2% quarter-over-quarter.
- 16 funds opened new Fidelity & Guaranty Life positions in Q4 2016 and 12 closed out, a net change of +4 holders.
- The largest Fidelity & Guaranty Life buyer in Q4 2016 was KG Funds Management, an estimated $8M added.
- The largest Fidelity & Guaranty Life seller in Q4 2016 was Magnetar Financial, an estimated $13.2M sold.
Based on aggregated 13F filings for Q4 2016.