Franchise Group, Inc.
FRG was delisted on the 18th of August, 2023.
28 hedge funds and large institutions have $89.6M invested in Franchise Group, Inc. in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 3 reducing their positions, and 1 closing their positions.
900% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 1
300% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 3
47% more funds holding
Funds holding: 19 → 28 (+9)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
53% less capital invested
Capital invested by funds: $191M → $89.6M (-$102M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$25M |
| 2 |
CC
Cannell Capital
Alta,
Wyoming
|
+$3.74M |
| 3 |
PCM
Prelude Capital Management
New York
|
+$2.42M |
| 4 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
+$2.35M |
| 5 |
AFG
American Financial Group
Cincinnati,
Ohio
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Element Capital Management
New York
|
-$1.05M |
| 2 |
ECM
ExodusPoint Capital Management
New York
|
-$275K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
-$177K |
| 4 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$60 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Canada Life
Winnipeg,
Manitoba, Canada
| $3K | -$60 | -3 | -1% |
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$1.48K | +74 | +154% |
|
|
ECM
28
Element Capital Management
New York
| – | -$1.05M | -45,435 | Closed |
|
|
BBHC
29
Brown Brothers Harriman & Co
New York
| – | +$759 | +38 | New |
|
FRG Hedge Fund Activity: Q1 2020 in Review
28 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Franchise Group, Inc. (FRG) for Q1 2020, worth a combined $89.6M — down 53% from $191M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FRG positions and 1 closed out — a net gain of 9 holders — while 12 added to existing stakes and 3 trimmed.
The largest buyer was Kayne Anderson Capital Advisors, opening a new position worth an estimated $25M. The largest seller was Element Capital Management, exiting entirely with an estimated $1.05M sold.
- 28 institutional investors held Franchise Group, Inc. (FRG) as of Q1 2020, up from 19 in Q4 2019.
- Funds reported $89.6M of Franchise Group, Inc. stock for Q1 2020, down 53% quarter-over-quarter.
- 10 funds opened new Franchise Group, Inc. positions in Q1 2020 and 1 closed out, a net change of +9 holders.
- The largest Franchise Group, Inc. buyer in Q1 2020 was Kayne Anderson Capital Advisors, an estimated $25M added.
- The largest Franchise Group, Inc. seller in Q1 2020 was Element Capital Management, an estimated $1.05M sold.
Based on aggregated 13F filings for Q1 2020.