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)
0.73% more ownership
Funds ownership: 91.18% → 91.92% (+0.73%)
3% less call options, than puts
Call options by funds: $6.32M | Put options by funds: $6.5M
5% less capital inflows, than outflows
Capital inflows: $491M | Capital outflows: $519M
12% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 98
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
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 |
Cambiar Investors
Denver,
Colorado
|
-$100M |
| 2 |
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 |
FLEX Hedge Fund Activity: Q4 2013 in Review
270 of the 3,459 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 $100M 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 $100M sold.
Based on aggregated 13F filings for Q4 2013.