Flexsteel Industries
FLXS
70 hedge funds and large institutions have $110M invested in Flexsteel Industries in 2018 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 29 increasing their positions, 17 reducing their positions, and 12 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 17
0.64% more ownership
Funds ownership: 62.43% → 63.07% (+0.64%)
7% less funds holding
Funds holding: 75 → 70 (-5)
24% less capital invested
Capital invested by funds: $146M → $110M (-$35.5M)
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$2.92M |
| 2 |
Renaissance Technologies
New York
|
+$1.12M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$1.06M |
| 4 |
AIM
Alambic Investment Management
Belvedere,
California
|
+$857K |
| 5 |
PL
Parthenon LLC
Louisville,
Kentucky
|
+$776K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.32M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.3M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.15M |
| 4 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
-$559K |
| 5 |
Millennium Management
New York
|
-$282K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SWP
76
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$11K | -375 | Closed |
|
77
Walleye Trading
New York
| – | -$6K | -200 | Closed |
|
|
RFA
78
Reilly Financial Advisors
La Mesa,
California
| – | -$6K | -195 | Closed |
|
79
US Bancorp
Minneapolis,
Minnesota
| – | -$3K | -115 | Closed |
|
|
ML
80
McAdam LLC
Philadelphia,
Pennsylvania
| – | -$2K | -60 | Closed |
|
|
RCAG
81
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$773 | -26 | Closed |
|
FLXS Hedge Fund Activity: Q4 2018 in Review
70 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Flexsteel Industries (FLXS) for Q4 2018, worth a combined $110M — down 24% from $146M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FLXS and 7 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 29 added.
The largest buyer was Royce & Associates, adding an estimated $2.92M. The largest seller was Wellington Management Group, exiting entirely with an estimated $6.32M sold.
- 70 institutional investors held Flexsteel Industries (FLXS) as of Q4 2018, down from 75 in Q3 2018.
- Funds reported $110M of Flexsteel Industries stock for Q4 2018, down 24% quarter-over-quarter.
- 7 funds opened new Flexsteel Industries positions in Q4 2018 and 12 closed out, a net change of -5 holders.
- The largest Flexsteel Industries buyer in Q4 2018 was Royce & Associates, an estimated $2.92M added.
- The largest Flexsteel Industries seller in Q4 2018 was Wellington Management Group, an estimated $6.32M sold.
Based on aggregated 13F filings for Q4 2018.