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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.

New
Increased
Maintained
Reduced
Closed

7.36% more ownership

Funds ownership: 125.7%133.06% (+7.4%)

7% less funds holding

Funds holding: 316294 (-22)

13% less funds holding in top 10

Funds holding in top 10: 87 (-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

Holders
294
Holders Change
-22
Holders Change %
-6.96%
% of All Funds
6.48%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.15%
New
45
Increased
85
Reduced
103
Closed
64
Calls
$4.1M
Puts
$9.62M
Net Calls
-$5.52M
Net Calls Change
+$18.2M
Name Holding Trade Value Shares
Change
Change in
Stake
Primecap Management
1
Primecap Management
California
$629M -$19.4M -2,245,480 -2%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$422M +$189M +21,825,196 +48%
Victory Capital Management
3
Victory Capital Management
Texas
$381M +$257M +29,659,840 +96%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$303M +$200M +23,169,119 +93%
Janus Henderson Group
5
Janus Henderson Group
United Kingdom
$200M +$11.1M +1,277,810 +4%
IAM
6
Iridian Asset Management
Connecticut
$159M +$4.92M +568,343 +2%
LAM
7
Lyrical Asset Management
New York
$140M -$13.5M -1,564,423 -7%
Pzena Investment Management
8
Pzena Investment Management
New York
$108M +$22.8M +2,639,120 +18%
Wells Fargo
9
Wells Fargo
California
$99.5M +$3.88M +448,117 +3%
Boston Partners
10
Boston Partners
Massachusetts
$99.5M -$23.3M -2,688,837 -15%
GCM
11
Glenview Capital Management
New York
$98.4M -$98.7M -11,405,093 -42%
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$87.1M +$1.39M +160,463 +1%
State Street
13
State Street
Massachusetts
$85.8M +$2.2M +254,200 +2%
BlackRock
14
BlackRock
New York
$83.9M +$21.4M +2,472,157 +23%
AllianceBernstein
15
AllianceBernstein
Tennessee
$82.6M +$35.1M +4,052,178 +45%
Macquarie Group
16
Macquarie Group
Australia
$77M +$20.4M +2,352,570 +24%
Bank of America
17
Bank of America
North Carolina
$60.3M +$21.3M +2,464,025 +35%
SHCM
18
Sachem Head Capital Management
New York
$60.3M +$1.44M +165,875 +2%
D.E. Shaw & Co
19
D.E. Shaw & Co
New York
$60.1M -$61.1M -7,059,261 -43%
AQR Capital Management
20
AQR Capital Management
Connecticut
$49.8M -$32.8M -3,785,921 -32%
Norges Bank
21
Norges Bank
Norway
$46.3M +$507K +58,552 +0.8%
Invesco
22
Invesco
Georgia
$46.3M -$7.41M -856,038 -10%
Vanguard Group
23
Vanguard Group
Pennsylvania
$41.8M +$9.67M +1,117,180 +20%
SRFM
24
Shannon River Fund Management
New York
$37.5M -$10.7M -1,240,391 -17%
FAM
25
Fred Alger Management
New York
$30.8M +$42.3M +4,885,231 New

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.