Fidelity & Guaranty Life
FGL
FGL was delisted on the 30th of November, 2017.
94 hedge funds and large institutions have $371M invested in Fidelity & Guaranty Life in 2017 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 32 increasing their positions, 31 reducing their positions, and 22 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
36% more call options, than puts
Call options by funds: $630K | Put options by funds: $464K
31% more capital invested
Capital invested by funds: $284M → $371M (+$86.9M)
3% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 31
5% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 22
6% less funds holding
Funds holding: 100 → 94 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCP
Tourbillon Capital Partners
New York
|
+$33M |
| 2 |
BlackRock
New York
|
+$22.8M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$14.5M |
| 4 |
PC
Paulson & Co
New York
|
+$10.3M |
| 5 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
+$9.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
-$26.7M |
| 2 |
CC
Coastland Capital
Palo Alto,
California
|
-$14.7M |
| 3 |
Morgan Stanley
New York
|
-$11.9M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$8.93M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$6.85M |
FGL Hedge Fund Activity: Q1 2017 in Review
94 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Fidelity & Guaranty Life (FGL) for Q1 2017, worth a combined $371M — up 31% from $284M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of FGL and 21 opened new positions — a net loss of 1 holder — while 31 trimmed existing stakes and 32 added.
The largest buyer was Tourbillon Capital Partners, opening a new position worth an estimated $33M. The largest seller was Alpine Associates Management, cutting an estimated $26.7M.
- 94 institutional investors held Fidelity & Guaranty Life (FGL) as of Q1 2017, down from 100 in Q4 2016.
- Funds reported $371M of Fidelity & Guaranty Life stock for Q1 2017, up 31% quarter-over-quarter.
- 21 funds opened new Fidelity & Guaranty Life positions in Q1 2017 and 22 closed out, a net change of -1 holder.
- The largest Fidelity & Guaranty Life buyer in Q1 2017 was Tourbillon Capital Partners, an estimated $33M added.
- The largest Fidelity & Guaranty Life seller in Q1 2017 was Alpine Associates Management, an estimated $26.7M sold.
Based on aggregated 13F filings for Q1 2017.