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326 hedge funds and large institutions have $6.8B invested in Flex in 2016 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 101 increasing their positions, 143 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

178% more call options, than puts

Call options by funds: $18.1M | Put options by funds: $6.52M

23% more funds holding in top 10

Funds holding in top 10: 1316 (+3)

14% more capital invested

Capital invested by funds: $5.95B → $6.8B (+$846M)

4% less funds holding

Funds holding: 338326 (-12)

26% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 39

29% less repeat investments, than reductions

Existing positions increased: 101 | Existing positions reduced: 143

Holders
326
Holders Change
-12
Holders Change %
-3.55%
% of All Funds
8.7%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.43%
New
29
Increased
101
Reduced
143
Closed
39
Calls
$18.1M
Puts
$6.52M
Net Calls
+$11.6M
Net Calls Change
+$7.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
26
Fidelity Investments
Massachusetts
$51.6M +$24.6M +2,535,341 +102%
BIM
27
BlackRock Investment Management
Delaware
$46.8M +$1.83M +188,649 +4%
EARNEST Partners
28
EARNEST Partners
Georgia
$44.1M -$1.17M -120,225 -3%
BA
29
BlackRock Advisors
Delaware
$42.3M +$5.74M +590,895 +17%
Vanguard Group
30
Vanguard Group
Pennsylvania
$41.1M -$4.99M -514,027 -11%
Legal & General Group
31
Legal & General Group
United Kingdom
$41M +$22.1K +2,276 +0.1%
PI
32
PGGM Investments
Netherlands
$39.1M -$336K -34,618 -0.9%
PC
33
Passport Capital
California
$38.8M -$40.6M -4,184,036 -53%
FMI
34
Factory Mutual Insurance
Massachusetts
$38M +$36M +3,706,576 New
D.E. Shaw & Co
35
D.E. Shaw & Co
New York
$37.7M +$602K +61,989 +2%
Two Sigma Advisers
36
Two Sigma Advisers
New York
$36.5M +$1.4M +143,979 +4%
Bank of Montreal
37
Bank of Montreal
Ontario, Canada
$35.9M +$8.16M +840,489 +32%
SIM
38
Sadoff Investment Management
Wisconsin
$34.3M +$101K +10,417 +0.3%
BlackRock
39
BlackRock
New York
$34.2M -$1.02M -105,429 -3%
Allianz Asset Management
40
Allianz Asset Management
Germany
$30.6M -$31.3M -3,222,739 -52%
WM
41
WS Management
Florida
$27.3M -$37.4M -3,848,300 -59%
Morgan Stanley
42
Morgan Stanley
New York
$27.1M -$75.5M -7,774,593 -75%
FCM
43
Frontier Capital Management
Massachusetts
$26.9M -$24.7K -2,548 -0.1%
First Eagle Investment Management
44
First Eagle Investment Management
New York
$23.6M +$22.3M +2,297,455 New
JP Morgan Chase
45
JP Morgan Chase
New York
$23M -$12M -1,240,193 -36%
Arrowstreet Capital
46
Arrowstreet Capital
Massachusetts
$22.9M +$15.7M +1,613,637 +263%
SCM
47
Simcoe Capital Management
New York
$22.8M +$1.18M +121,089 +6%
Deutsche Bank
48
Deutsche Bank
Germany
$22.4M -$8.69M -895,244 -29%
NIMC
49
NWQ Investment Management Company
California
$22.2M +$21M +2,166,549 New
California Public Employees Retirement System
50
California Public Employees Retirement System
California
$22.1M -$1.25M -128,586 -6%

FLEX Hedge Fund Activity: Q3 2016 in Review

326 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Flex (FLEX) for Q3 2016, worth a combined $6.8B — up 14% from $5.95B a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of FLEX and 29 opened new positions — a net loss of 10 holders — while 143 trimmed existing stakes and 101 added.

The largest buyer was Janus Henderson Investors US, adding an estimated $167M. The largest seller was Glenview Capital Management, cutting an estimated $116M.

  • 326 institutional investors held Flex (FLEX) as of Q3 2016, down from 338 in Q2 2016.
  • Funds reported $6.8B of Flex stock for Q3 2016, up 14% quarter-over-quarter.
  • 29 funds opened new Flex positions in Q3 2016 and 39 closed out, a net change of -10 holders.
  • The largest Flex buyer in Q3 2016 was Janus Henderson Investors US, an estimated $167M added.
  • The largest Flex seller in Q3 2016 was Glenview Capital Management, an estimated $116M sold.

Based on aggregated 13F filings for Q3 2016.