Franchise Group, Inc.
FRG was delisted on the 18th of August, 2023.
146 hedge funds and large institutions have $500M invested in Franchise Group, Inc. in 2022 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 57 increasing their positions, 42 reducing their positions, and 30 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 42
7% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 30
3% less funds holding
Funds holding: 150 → 146 (-4)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
35% less capital invested
Capital invested by funds: $770M → $500M (-$270M)
60% less call options, than puts
Call options by funds: $4.41M | Put options by funds: $11.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$25.6M |
| 2 |
CM
Capital Management
Glen Allen,
Virginia
|
+$18.3M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$7.61M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.84M |
| 5 |
EPM
Equitec Proprietary Markets
Chicago,
Illinois
|
+$4.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$44.6M |
| 2 |
OAM
Ophir Asset Management
Sydney,
Australia
|
-$27.6M |
| 3 |
BRF
B. Riley Financial
Los Angeles,
California
|
-$8.91M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$8.07M |
| 5 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$7.42M |
FRG Hedge Fund Activity: Q3 2022 in Review
146 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Franchise Group, Inc. (FRG) for Q3 2022, worth a combined $500M — down 35% from $770M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of FRG and 28 opened new positions — a net loss of 2 holders — while 42 trimmed existing stakes and 57 added.
The largest buyer was Fidelity Investments, adding an estimated $25.6M. The largest seller was Hood River Capital Management, exiting entirely with an estimated $44.6M sold.
- 146 institutional investors held Franchise Group, Inc. (FRG) as of Q3 2022, down from 150 in Q2 2022.
- Funds reported $500M of Franchise Group, Inc. stock for Q3 2022, down 35% quarter-over-quarter.
- 28 funds opened new Franchise Group, Inc. positions in Q3 2022 and 30 closed out, a net change of -2 holders.
- The largest Franchise Group, Inc. buyer in Q3 2022 was Fidelity Investments, an estimated $25.6M added.
- The largest Franchise Group, Inc. seller in Q3 2022 was Hood River Capital Management, an estimated $44.6M sold.
Based on aggregated 13F filings for Q3 2022.