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Flex
FLEX

356 hedge funds and large institutions have $9.28B invested in Flex in 2017 Q4 according to their latest regulatory filings, with 72 funds opening new positions, 87 increasing their positions, 136 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

169% more call options, than puts

Call options by funds: $27.4M | Put options by funds: $10.2M

95% more first-time investments, than exits

New positions opened: 72 | Existing positions closed: 37

10% more funds holding

Funds holding: 323 → 356 (+33)

10% more capital invested

Capital invested by funds: $8.43B → $9.28B (+$844M)

2.64% more ownership

Funds ownership: 126.9% → 129.53% (+2.6%)

18% less funds holding in top 10

Funds holding in top 10: 11 → 9 (-2)

36% less repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 136

Holders
356
Holders Change
+33
Holders Change %
+10.22%
% of All Funds
8.07%
Holding in Top 10
9
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-18.18%
% of All Funds
0.2%
New
72
Increased
87
Reduced
136
Closed
37
Calls
$27.4M
Puts
$10.2M
Net Calls
+$17.2M
Net Calls Change
+$1.96M

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$417M
2
PC
Polar Capital
United Kingdom
+$48.3M
3
DZ Bank
DZ Bank
Germany
+$37.9M
4
American Century Companies
American Century Companies
Missouri
+$30.8M
5
IAM
Iridian Asset Management
Connecticut
+$29.2M

Top Sellers

1
Capital Research Global Investors
Capital Research Global Investors
California
-$152M
2
Boston Partners
Boston Partners
Massachusetts
-$84.4M
3
Goldman Sachs
Goldman Sachs
New York
-$80.6M
4
GC
GMT Capital
Georgia
-$47.5M
5
BlackRock
BlackRock
New York
-$32.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Primecap Management
1
Primecap Management
California
$945M -$5.47M -404,867 -0.6%
Boston Partners
2
Boston Partners
Massachusetts
$898M -$84.4M -6,243,028 -9%
Wellington Management Group
3
Wellington Management Group
Massachusetts
$744M +$417M +30,828,386 +128%
GCM
4
Glenview Capital Management
New York
$709M – – –
Janus Henderson Group
5
Janus Henderson Group
United Kingdom
$620M +$5.85M +432,826 +1%
Capital Research Global Investors
6
Capital Research Global Investors
California
$523M -$152M -11,234,620 -23%
BlackRock
7
BlackRock
New York
$313M -$32.7M -2,419,399 -9%
IAM
8
Iridian Asset Management
Connecticut
$259M +$29.2M +2,161,244 +13%
LAM
9
Lyrical Asset Management
New York
$242M +$7.31M +540,694 +3%
Victory Capital Management
10
Victory Capital Management
Texas
$234M +$15.2M +1,123,747 +7%
SSM
11
Sound Shore Management
Connecticut
$202M +$2.68M +198,207 +1%
LSV Asset Management
12
LSV Asset Management
Illinois
$166M -$20.1M -1,490,019 -11%
Jennison Associates
13
Jennison Associates
New York
$156M -$592K -43,776 -0.4%
Goldman Sachs
14
Goldman Sachs
New York
$131M -$80.6M -5,961,636 -38%
State Street
15
State Street
Massachusetts
$127M +$3.45M +255,458 +3%
Bank of America
16
Bank of America
North Carolina
$120M -$27.5M -2,031,917 -19%
AQR Capital Management
17
AQR Capital Management
Connecticut
$118M -$14.1M -1,040,872 -11%
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$113M +$136K +10,074 +0.1%
JP Morgan Chase
19
JP Morgan Chase
New York
$106M +$20M +1,481,285 +23%
Norges Bank
20
Norges Bank
Norway
$104M – – –
GC
21
GMT Capital
Georgia
$97.6M -$47.5M -3,510,313 -33%
Capital World Investors
22
Capital World Investors
California
$93.7M +$440K +32,563 +0.5%
TSW
23
Thompson Siegel & Walmsley
Virginia
$89.4M -$509K -37,687 -0.6%
Pzena Investment Management
24
Pzena Investment Management
New York
$83.6M +$3.96M +292,962 +5%
Franklin Resources
25
Franklin Resources
California
$77.5M -$23.7M -1,756,367 -24%
1
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FLEX Hedge Fund Activity: Q4 2017 in Review

356 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Flex (FLEX) for Q4 2017, worth a combined $9.28B — up 10% from $8.43B a quarter earlier.

Buyers outnumbered sellers: 72 funds opened new FLEX positions and 37 closed out — a net gain of 35 holders — while 87 added to existing stakes and 136 trimmed.

The largest buyer was Wellington Management Group, adding an estimated $417M. The largest seller was Capital Research Global Investors, cutting an estimated $152M.

  • 356 institutional investors held Flex (FLEX) as of Q4 2017, up from 323 in Q3 2017.
  • Funds reported $9.28B of Flex stock for Q4 2017, up 10% quarter-over-quarter.
  • 72 funds opened new Flex positions in Q4 2017 and 37 closed out, a net change of +35 holders.
  • The largest Flex buyer in Q4 2017 was Wellington Management Group, an estimated $417M added.
  • The largest Flex seller in Q4 2017 was Capital Research Global Investors, an estimated $152M sold.

Based on aggregated 13F filings for Q4 2017.