Shift4
FOUR
124 hedge funds and large institutions have $1.27B invested in Shift4 in 2020 Q3 according to their latest regulatory filings, with 64 funds opening new positions, 40 increasing their positions, 15 reducing their positions, and 15 closing their positions.
327% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 15
167% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 15
123% more capital invested
Capital invested by funds: $570M → $1.27B (+$700M)
65% more funds holding
Funds holding: 75 → 124 (+49)
41% more call options, than puts
Call options by funds: $12.9M | Put options by funds: $9.13M
17.76% more ownership
Funds ownership: 76.09% → 93.85% (+18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Durable Capital Partners
Bethesda,
Maryland
|
+$57.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$53.4M |
| 3 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
+$42M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$36.1M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$33.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$53.5M |
| 2 |
DLPIC
Davide Leone & Partners Investment Company
London,
United Kingdom
|
-$23.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$17.5M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$14.8M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
-$7.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DLPIC
126
Davide Leone & Partners Investment Company
London,
United Kingdom
| – | -$23.6M | -665,000 | Closed |
|
|
ZP
127
Zimmer Partners
New York
| – | -$2.56M | -72,000 | Closed |
|
|
UOC
128
UBS O'Connor
Chicago,
Illinois
| – | -$2.05M | -57,674 | Closed |
|
|
MWNA
129
Marshall Wace North America
New York
| – | -$1.87M | -52,660 | Closed |
|
130
Blackstone Inc
New York
| – | -$1.77M | -50,000 | Closed |
|
|
DKCM
131
Davidson Kempner Capital Management
New York
| – | -$1.06M | -30,000 | Closed |
|
|
JG
132
Jefferies Group
New York
| – | -$710 | -20,000 | Closed |
|
133
Wellington Management Group
Boston,
Massachusetts
| – | -$556K | -15,675 | Closed |
|
|
PHK
134
Point72 Hong Kong
Hong Kong
| – | -$358K | -10,076 | Closed |
|
135
TD Asset Management
Toronto,
Ontario, Canada
| – | -$287K | -8,073 | Closed |
|
|
VF
136
Virtu Financial
New York
| – | -$279K | -7,847 | Closed |
|
|
FIA
137
FNY Investment Advisers
New York
| – | -$77K | -2,190 | Closed |
|
|
CAN
138
Cetera Advisor Networks
El Segundo,
California
| – | -$4K | -100 | Closed |
|
FOUR Hedge Fund Activity: Q3 2020 in Review
124 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Shift4 (FOUR) for Q3 2020, worth a combined $1.27B — up 123% from $570M a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new FOUR positions and 15 closed out — a net gain of 49 holders — while 40 added to existing stakes and 15 trimmed.
The largest buyer was Durable Capital Partners, adding an estimated $57.2M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $53.5M sold.
- 124 institutional investors held Shift4 (FOUR) as of Q3 2020, up from 75 in Q2 2020.
- Funds reported $1.27B of Shift4 stock for Q3 2020, up 123% quarter-over-quarter.
- 64 funds opened new Shift4 positions in Q3 2020 and 15 closed out, a net change of +49 holders.
- The largest Shift4 buyer in Q3 2020 was Durable Capital Partners, an estimated $57.2M added.
- The largest Shift4 seller in Q3 2020 was T. Rowe Price Associates, an estimated $53.5M sold.
Based on aggregated 13F filings for Q3 2020.