Fidelity National Financial
311 hedge funds and large institutions have $5.21B invested in Fidelity National Financial in 2013 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 101 increasing their positions, 117 reducing their positions, and 53 closing their positions.
20% more capital invested
Capital invested by funds: $4.32B → $5.21B (+$884M)
11.15% more ownership
Funds ownership: 139.67% → 150.81% (+11%)
4% less funds holding
Funds holding: 323 → 311 (-12)
14% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 117
19% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 53
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
57% less call options, than puts
Call options by funds: $18.8M | Put options by funds: $43.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$170M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$135M |
| 3 |
SC
Sculptor Capital
New York
|
+$109M |
| 4 |
EAM
Edge Asset Management
Seattle,
Washington
|
+$85.3M |
| 5 |
GCM
Glenview Capital Management
New York
|
+$65.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$74.3M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
-$64.1M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$48.9M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$34.1M |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$32.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MG
351
Markel Group
Glen Allen,
Virginia
| – | -$233K | -17,165 | Closed |
|
|
GCT
352
Galaxy Capital Trading
Road Town,
British Virgin Islands
| – | -$224K | -16,464 | Closed |
|
353
Rafferty Asset Management
New York
| – | -$218K | -16,000 | Closed |
|
|
SO
354
STRS Ohio
Columbus,
Ohio
| – | -$165K | -12,159 | Closed |
|
|
EWM
355
Elite Wealth Management
Kirkland,
Washington
| – | -$77K | -5,661 | Closed |
|
|
NYLT
356
New York Life Trust
New York
| – | -$48K | -3,538 | Closed |
|
|
MFS
357
MSI Financial Services
Springfield,
Massachusetts
| – | -$25K | -1,808 | Closed |
|
|
BBHC
358
Brown Brothers Harriman & Co
New York
| – | -$16K | -1,209 | Closed |
|
|
HF
359
Hoxton Financial
Shepherdstown,
West Virginia
| – | -$9K | -678 | Closed |
|
360
Jones Financial Companies
Des Peres,
Missouri
| – | -$5K | -350 | Closed |
|
|
TIM
361
Tortoise Investment Management
White Plains,
New York
| – | -$4K | -307 | Closed |
|
|
JIR
362
James Investment Research
Alpha,
Ohio
| – | -$1K | -102 | Closed |
|
|
TWA
363
TCI Wealth Advisors
Tucson,
Arizona
| – | +$5.12K | +363 | New |
|
FNF Hedge Fund Activity: Q3 2013 in Review
311 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Fidelity National Financial (FNF) for Q3 2013, worth a combined $5.21B — up 20% from $4.32B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of FNF and 43 opened new positions — a net loss of 10 holders — while 117 trimmed existing stakes and 101 added.
The largest buyer was Credit Suisse, adding an estimated $170M. The largest seller was Wellington Management Group, exiting entirely with an estimated $74.3M sold.
- 311 institutional investors held Fidelity National Financial (FNF) as of Q3 2013, down from 323 in Q2 2013.
- Funds reported $5.21B of Fidelity National Financial stock for Q3 2013, up 20% quarter-over-quarter.
- 43 funds opened new Fidelity National Financial positions in Q3 2013 and 53 closed out, a net change of -10 holders.
- The largest Fidelity National Financial buyer in Q3 2013 was Credit Suisse, an estimated $170M added.
- The largest Fidelity National Financial seller in Q3 2013 was Wellington Management Group, an estimated $74.3M sold.
Based on aggregated 13F filings for Q3 2013.