Funko
FNKO
95 hedge funds and large institutions have $112M invested in Funko in 2020 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 31 increasing their positions, 26 reducing their positions, and 46 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 26
10% less call options, than puts
Call options by funds: $875K | Put options by funds: $970K
10.53% less ownership
Funds ownership: 91% → 80.47% (-11%)
21% less funds holding
Funds holding: 120 → 95 (-25)
50% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 46
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
79% less capital invested
Capital invested by funds: $545M → $112M (-$433M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$14.8M |
| 2 |
Morgan Stanley
New York
|
+$9.19M |
| 3 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
+$7.65M |
| 4 |
Two Sigma Investments
New York
|
+$6.85M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$5.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$32.1M |
| 2 |
RI
Redwood Investments
Boston,
Massachusetts
|
-$16.4M |
| 3 |
SC
Sepio Capital
Salt Lake City,
Utah
|
-$11.8M |
| 4 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$11.3M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$8.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
126
AlphaCrest Capital Management
New York
| – | -$173K | -10,100 | Closed |
|
|
MIM
127
MetLife Investment Management
Whippany,
New Jersey
| – | -$139K | -8,122 | Closed |
|
|
MLICM
128
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$101K | -5,875 | Closed |
|
|
CG
129
Cutler Group
San Francisco,
California
| – | -$50K | -4,900 | Closed |
|
130
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$47K | -2,762 | Closed |
|
|
NIT
131
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$38K | -2,190 | Closed |
|
132
US Bancorp
Minneapolis,
Minnesota
| – | -$36K | -2,108 | Closed |
|
|
RIA
133
Realta Investment Advisors
Wilmington,
Delaware
| – | -$17K | -1,200 | Closed |
|
|
NSIM
134
North Star Investment Management
Chicago,
Illinois
| – | -$17K | -1,000 | Closed |
|
|
PA
135
Parallel Advisors
San Francisco,
California
| – | -$17K | -1,000 | Closed |
|
|
OSAM
136
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$13K | -758 | Closed |
|
|
FHA
137
First Horizon Advisors
Memphis,
Tennessee
| – | -$6K | -345 | Closed |
|
FNKO Hedge Fund Activity: Q1 2020 in Review
95 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Funko (FNKO) for Q1 2020, worth a combined $112M — down 79% from $545M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of FNKO and 23 opened new positions — a net loss of 23 holders — while 26 trimmed existing stakes and 31 added.
The largest buyer was Massachusetts Financial Services, adding an estimated $14.8M. The largest seller was Van Berkom & Associates, cutting an estimated $32.1M.
- 95 institutional investors held Funko (FNKO) as of Q1 2020, down from 120 in Q4 2019.
- Funds reported $112M of Funko stock for Q1 2020, down 79% quarter-over-quarter.
- 23 funds opened new Funko positions in Q1 2020 and 46 closed out, a net change of -23 holders.
- The largest Funko buyer in Q1 2020 was Massachusetts Financial Services, an estimated $14.8M added.
- The largest Funko seller in Q1 2020 was Van Berkom & Associates, an estimated $32.1M sold.
Based on aggregated 13F filings for Q1 2020.