First Hawaiian
216 hedge funds and large institutions have $2.14B invested in First Hawaiian in 2020 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 90 increasing their positions, 74 reducing their positions, and 39 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 74
1.36% more ownership
Funds ownership: 98.01% → 99.36% (+1.4%)
4% less funds holding
Funds holding: 224 → 216 (-8)
15% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 39
42% less capital invested
Capital invested by funds: $3.7B → $2.14B (-$1.56B)
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$158M |
| 2 |
YAM
Yacktman Asset Management
Austin,
Texas
|
+$71.7M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$41M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$39.2M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$16.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$83.4M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$57.1M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$28.4M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$20M |
| 5 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$19.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWS
251
Glassman Wealth Services
Vienna,
Virginia
| – | -$708 | -28 | -64% |
|
252
Marshall Wace
London,
United Kingdom
| – | +$126 | +5 | New |
|
|
SF
253
Synovus Financial
Columbus,
Georgia
| – | +$758 | +30 | New |
|
FHB Hedge Fund Activity: Q1 2020 in Review
216 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Hawaiian (FHB) for Q1 2020, worth a combined $2.14B — down 42% from $3.7B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of FHB and 33 opened new positions — a net loss of 6 holders — while 74 trimmed existing stakes and 90 added.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $158M. The largest seller was Fidelity Investments, cutting an estimated $83.4M.
- 216 institutional investors held First Hawaiian (FHB) as of Q1 2020, down from 224 in Q4 2019.
- Funds reported $2.14B of First Hawaiian stock for Q1 2020, down 42% quarter-over-quarter.
- 33 funds opened new First Hawaiian positions in Q1 2020 and 39 closed out, a net change of -6 holders.
- The largest First Hawaiian buyer in Q1 2020 was Kayne Anderson Rudnick Investment Management, an estimated $158M added.
- The largest First Hawaiian seller in Q1 2020 was Fidelity Investments, an estimated $83.4M sold.
Based on aggregated 13F filings for Q1 2020.