Flex
FLEX
270 hedge funds and large institutions have $4.3B invested in Flex in 2013 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 86 increasing their positions, 98 reducing their positions, and 36 closing their positions.
17% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 36
1% more funds holding
Funds holding: 267 → 270 (+3)
3% less call options, than puts
Call options by funds: $6.32M | Put options by funds: $6.5M
12% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 98
15% less capital invested
Capital invested by funds: $5.04B → $4.3B (-$738M)
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$95.4M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$50.9M |
| 3 |
EARNEST Partners
Atlanta,
Georgia
|
+$41.1M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$37.5M |
| 5 |
Primecap Management
Pasadena,
California
|
+$30.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cambiar Investors
Denver,
Colorado
|
-$99.6M |
| 2 |
SIM
SRS Investment Management
New York
|
-$90.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$49.2M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$38.2M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$18.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JFGIW
301
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$3K | -398 | Closed |
|
|
NC
302
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$2K | -312 | Closed |
|
|
BA
303
BlackRock Advisors
Wilmington,
Delaware
| – | -$2K | -283 | Closed |
|
304
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -203 | Closed |
|
|
HRC
305
Hoertkorn Richard Charles
| – | +$243 | +40 | New |
|
|
HHC
306
Hutchin Hill Capital
New York
| – | +$3.55M | +584,543 | +2,356% |
|
FLEX Hedge Fund Activity: Q4 2013 in Review
270 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Flex (FLEX) for Q4 2013, worth a combined $4.3B — down 15% from $5.04B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new FLEX positions and 36 closed out — a net gain of 6 holders — while 86 added to existing stakes and 98 trimmed.
The largest buyer was Brandes Investment Partners, adding an estimated $95.4M. The largest seller was Cambiar Investors, exiting entirely with an estimated $99.6M sold.
- 270 institutional investors held Flex (FLEX) as of Q4 2013, up from 267 in Q3 2013.
- Funds reported $4.3B of Flex stock for Q4 2013, down 15% quarter-over-quarter.
- 42 funds opened new Flex positions in Q4 2013 and 36 closed out, a net change of +6 holders.
- The largest Flex buyer in Q4 2013 was Brandes Investment Partners, an estimated $95.4M added.
- The largest Flex seller in Q4 2013 was Cambiar Investors, an estimated $99.6M sold.
Based on aggregated 13F filings for Q4 2013.