Flexsteel Industries
FLXS
75 hedge funds and large institutions have $146M invested in Flexsteel Industries in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 30 increasing their positions, 19 reducing their positions, and 8 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 19
1.39% less ownership
Funds ownership: 63.82% → 62.43% (-1.4%)
4% less funds holding
Funds holding: 78 → 75 (-3)
27% less capital invested
Capital invested by funds: $200M → $146M (-$54.2M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
+$791K |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$768K |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$620K |
| 4 |
Renaissance Technologies
New York
|
+$549K |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$481K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.13M |
| 2 |
RA
Royce & Associates
New York
|
-$3.55M |
| 3 |
AIM
Alambic Investment Management
Belvedere,
California
|
-$717K |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$685K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$272K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Victory Capital Management
San Antonio,
Texas
| – | -$685K | -17,179 | Closed |
|
|
77
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$272K | -6,804 | Closed |
|
78
D.E. Shaw & Co
New York
| – | -$224K | -5,622 | Closed |
|
|
MIM
79
MetLife Investment Management
Whippany,
New Jersey
| – | -$120K | -3,005 | Closed |
|
|
MLICM
80
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$99.2K | -2,485 | Closed |
|
|
PIA
81
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$5K | -127 | Closed |
|
82
Envestnet Asset Management
Chicago,
Illinois
| – | -$1K | -27 | Closed |
|
|
HNB
83
Huntington National Bank
Columbus,
Ohio
| – | +$36 | +1 | New |
|
FLXS Hedge Fund Activity: Q3 2018 in Review
75 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Flexsteel Industries (FLXS) for Q3 2018, worth a combined $146M — down 27% from $200M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FLXS and 5 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 30 added.
The largest buyer was North Star Investment Management, adding an estimated $791K. The largest seller was Wellington Management Group, cutting an estimated $4.13M.
- 75 institutional investors held Flexsteel Industries (FLXS) as of Q3 2018, down from 78 in Q2 2018.
- Funds reported $146M of Flexsteel Industries stock for Q3 2018, down 27% quarter-over-quarter.
- 5 funds opened new Flexsteel Industries positions in Q3 2018 and 8 closed out, a net change of -3 holders.
- The largest Flexsteel Industries buyer in Q3 2018 was North Star Investment Management, an estimated $791K added.
- The largest Flexsteel Industries seller in Q3 2018 was Wellington Management Group, an estimated $4.13M sold.
Based on aggregated 13F filings for Q3 2018.