FIRST MARBLEHEAD CORP COM STK NEW (DE)
FMD
FMD was delisted on the 22nd of August, 2016.
69 hedge funds and large institutions have $35.3M invested in FIRST MARBLEHEAD CORP COM STK NEW (DE) in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
63% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 16
10% more funds holding
Funds holding: 63 → 69 (+6)
4.67% less ownership
Funds ownership: 42.95% → 38.28% (-4.7%)
38% less capital invested
Capital invested by funds: $56.6M → $35.3M (-$21.2M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
+$9.13M |
| 2 |
MVM
McClain Value Management
New Canaan,
Connecticut
|
+$2.21M |
| 3 |
SM
Scoggin Management
New York
|
+$1.14M |
| 4 |
Renaissance Technologies
New York
|
+$1.07M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$848K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$10.3M |
| 2 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
-$5.73M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$2.58M |
| 4 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
-$2.13M |
| 5 |
EC
EJF Capital
Arlington,
Virginia
|
-$1.33M |
FMD Hedge Fund Activity: Q3 2013 in Review
69 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in FIRST MARBLEHEAD CORP COM STK NEW (DE) (FMD) for Q3 2013, worth a combined $35.3M — down 38% from $56.6M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new FMD positions and 7 closed out — a net gain of 7 holders — while 26 added to existing stakes and 16 trimmed.
The largest buyer was Second Curve Capital, opening a new position worth an estimated $9.13M. The largest seller was Mangrove Partners, cutting an estimated $10.3M.
- 69 institutional investors held FIRST MARBLEHEAD CORP COM STK NEW (DE) (FMD) as of Q3 2013, up from 63 in Q2 2013.
- Funds reported $35.3M of FIRST MARBLEHEAD CORP COM STK NEW (DE) stock for Q3 2013, down 38% quarter-over-quarter.
- 14 funds opened new FIRST MARBLEHEAD CORP COM STK NEW (DE) positions in Q3 2013 and 7 closed out, a net change of +7 holders.
- The largest FIRST MARBLEHEAD CORP COM STK NEW (DE) buyer in Q3 2013 was Second Curve Capital, an estimated $9.13M added.
- The largest FIRST MARBLEHEAD CORP COM STK NEW (DE) seller in Q3 2013 was Mangrove Partners, an estimated $10.3M sold.
Based on aggregated 13F filings for Q3 2013.