Franchise Group, Inc.
FRG was delisted on the 18th of August, 2023.
65 hedge funds and large institutions have $439M invested in Franchise Group, Inc. in 2020 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 24 increasing their positions, 11 reducing their positions, and 21 closing their positions.
118% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 11
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
32% more capital invested
Capital invested by funds: $332M → $439M (+$107M)
5% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 21
2% less funds holding
Funds holding: 66 → 65 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFG
American Financial Group
Cincinnati,
Ohio
|
+$26.2M |
| 2 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$16.9M |
| 3 |
BlackRock
New York
|
+$5.86M |
| 4 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$5.29M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$4.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$13.4M |
| 2 |
CPA
Cowen Prime Advisors
New York
|
-$4.38M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$3.72M |
| 4 |
CH
CVI Holdings
Wilmington,
Delaware
|
-$3.13M |
| 5 |
CC
Cannell Capital
Alta,
Wyoming
|
-$2.68M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Millennium Management
New York
| – | -$496K | -22,687 | Closed |
|
77
Tudor Investment Corp
Stamford,
Connecticut
| – | -$471K | -21,504 | Closed |
|
|
BI
78
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$438K | -20,000 | Closed |
|
|
SRAM
79
Spouting Rock Asset Management
Bryn Mawr,
Pennsylvania
| – | -$265K | -12,100 | Closed |
|
80
SG Americas Securities
New York
| – | -$230K | -10,514 | Closed |
|
81
Jane Street
New York
| – | -$228K | -10,443 | Closed |
|
|
AFS
82
Amtrust Financial Services
New York
| – | -$219K | -10,000 | Closed |
|
83
Rockefeller Capital Management
New York
| – | -$131K | -6,000 | Closed |
|
84
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$22K | -1,000 | Closed |
|
85
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$7K | -333 | Closed |
|
FRG Hedge Fund Activity: Q3 2020 in Review
65 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Franchise Group, Inc. (FRG) for Q3 2020, worth a combined $439M — up 32% from $332M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of FRG and 20 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 24 added.
The largest buyer was American Financial Group, adding an estimated $26.2M. The largest seller was Nantahala Capital Management, cutting an estimated $13.4M.
- 65 institutional investors held Franchise Group, Inc. (FRG) as of Q3 2020, down from 66 in Q2 2020.
- Funds reported $439M of Franchise Group, Inc. stock for Q3 2020, up 32% quarter-over-quarter.
- 20 funds opened new Franchise Group, Inc. positions in Q3 2020 and 21 closed out, a net change of -1 holder.
- The largest Franchise Group, Inc. buyer in Q3 2020 was American Financial Group, an estimated $26.2M added.
- The largest Franchise Group, Inc. seller in Q3 2020 was Nantahala Capital Management, an estimated $13.4M sold.
Based on aggregated 13F filings for Q3 2020.