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450 hedge funds and large institutions have $11.1B invested in Flex in 2023 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 142 increasing their positions, 173 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more call options, than puts

Call options by funds: $83.4M | Put options by funds: $48M

26% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 42

2% more funds holding

Funds holding: 441450 (+9)

5.86% less ownership

Funds ownership: 128.22%122.36% (-5.9%)

6% less capital invested

Capital invested by funds: $11.8B → $11.1B (-$711M)

12% less funds holding in top 10

Funds holding in top 10: 2522 (-3)

18% less repeat investments, than reductions

Existing positions increased: 142 | Existing positions reduced: 173

Holders
450
Holders Change
+9
Holders Change %
+2.04%
% of All Funds
7.14%
Holding in Top 10
22
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-12%
% of All Funds
0.35%
New
53
Increased
142
Reduced
173
Closed
42
Calls
$83.4M
Puts
$48M
Net Calls
+$35.5M
Net Calls Change
+$1.3B
Name Holding Trade Value Shares
Change
Change in
Stake
SI
26
Standard Investments
New York
$87.1M -$15.7M -776,295 -15%
Pzena Investment Management
27
Pzena Investment Management
New York
$85.5M +$194K +9,575 +0.2%
Morgan Stanley
28
Morgan Stanley
New York
$85.2M -$10.6M -520,694 -11%
SC
29
Sessa Capital
New York
$80.9M
Citadel Advisors
30
Citadel Advisors
Florida
$78.4M -$4.36M -215,120 -5%
Allianz Asset Management
31
Allianz Asset Management
Germany
$72.6M +$2.8M +138,060 +4%
Arrowstreet Capital
32
Arrowstreet Capital
Massachusetts
$71.1M -$27.4M -1,353,202 -28%
Fidelity International
33
Fidelity International
Bermuda
$65.8M +$270K +13,300 +0.4%
Point72 Asset Management
34
Point72 Asset Management
Connecticut
$64.1M -$4.05M -199,985 -6%
Legal & General Group
35
Legal & General Group
United Kingdom
$61.8M +$5.26M +259,358 +9%
Goldman Sachs
36
Goldman Sachs
New York
$60.8M -$839K -41,412 -1%
MIM
37
Merewether Investment Management
Texas
$58.1M +$18.2M +898,113 +46%
DekaBank Deutsche Girozentrale
38
DekaBank Deutsche Girozentrale
Germany
$53.9M +$226K +11,148 +0.4%
SHCM
39
Sachem Head Capital Management
New York
$53.3M -$68M -3,353,993 -56%
Qube Research & Technologies (QRT)
40
Qube Research & Technologies (QRT)
United Kingdom
$49M +$17.9M +882,556 +58%
CCMG
41
Clark Capital Management Group
Pennsylvania
$48.2M +$1.67M +82,342 +4%
UBS AM
42
UBS AM
Illinois
$47.1M -$1.01M -49,934 -2%
Millennium Management
43
Millennium Management
New York
$43.7M +$1.09M +53,718 +3%
Wells Fargo
44
Wells Fargo
California
$43.3M -$4.17M -205,783 -9%
BIP
45
Brandes Investment Partners
California
$41.2M +$3.33M +164,294 +9%
SRFM
46
Shannon River Fund Management
New York
$40.1M -$16.3M -803,144 -29%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$39.9M +$14.7M +723,189 +58%
SSA
48
Schonfeld Strategic Advisors
New York
$38M +$25.7M +1,269,509 +211%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$36M -$238K -11,750 -0.7%
Balyasny Asset Management
50
Balyasny Asset Management
Illinois
$35M +$24.3M +1,200,163 +231%

FLEX Hedge Fund Activity: Q3 2023 in Review

450 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Flex (FLEX) for Q3 2023, worth a combined $11.1B — down 6% from $11.8B a quarter earlier.

Buyers outnumbered sellers: 53 funds opened new FLEX positions and 42 closed out — a net gain of 11 holders — while 142 added to existing stakes and 173 trimmed.

The largest buyer was Nuveen, adding an estimated $142M. The largest seller was AllianceBernstein, cutting an estimated $149M.

  • 450 institutional investors held Flex (FLEX) as of Q3 2023, up from 441 in Q2 2023.
  • Funds reported $11.1B of Flex stock for Q3 2023, down 6% quarter-over-quarter.
  • 53 funds opened new Flex positions in Q3 2023 and 42 closed out, a net change of +11 holders.
  • The largest Flex buyer in Q3 2023 was Nuveen, an estimated $142M added.
  • The largest Flex seller in Q3 2023 was AllianceBernstein, an estimated $149M sold.

Based on aggregated 13F filings for Q3 2023.