Flex
FLEX
294 hedge funds and large institutions have $4.23B invested in Flex in 2020 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 85 increasing their positions, 103 reducing their positions, and 64 closing their positions.
7.36% more ownership
Funds ownership: 125.7% → 133.06% (+7.4%)
7% less funds holding
Funds holding: 316 → 294 (-22)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
17% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 103
30% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 64
30% less capital invested
Capital invested by funds: $6.07B → $4.23B (-$1.84B)
57% less call options, than puts
Call options by funds: $4.1M | Put options by funds: $9.62M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$257M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$200M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$189M |
| 4 |
FAM
Fred Alger Management
New York
|
+$42.3M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$35.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Glenview Capital Management
New York
|
-$98.7M |
| 2 |
D.E. Shaw & Co
New York
|
-$61.1M |
| 3 |
BIP
Brandes Investment Partners
La Jolla,
California
|
-$53.3M |
| 4 |
Two Sigma Investments
New York
|
-$44.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$37M |
FLEX Hedge Fund Activity: Q1 2020 in Review
294 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Flex (FLEX) for Q1 2020, worth a combined $4.23B — down 30% from $6.07B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of FLEX and 45 opened new positions — a net loss of 19 holders — while 103 trimmed existing stakes and 85 added.
The largest buyer was Victory Capital Management, adding an estimated $257M. The largest seller was Glenview Capital Management, cutting an estimated $98.7M.
- 294 institutional investors held Flex (FLEX) as of Q1 2020, down from 316 in Q4 2019.
- Funds reported $4.23B of Flex stock for Q1 2020, down 30% quarter-over-quarter.
- 45 funds opened new Flex positions in Q1 2020 and 64 closed out, a net change of -19 holders.
- The largest Flex buyer in Q1 2020 was Victory Capital Management, an estimated $257M added.
- The largest Flex seller in Q1 2020 was Glenview Capital Management, an estimated $98.7M sold.
Based on aggregated 13F filings for Q1 2020.