Franchise Group, Inc.
FRG was delisted on the 18th of August, 2023.
160 hedge funds and large institutions have $687M invested in Franchise Group, Inc. in 2023 Q2 according to their latest regulatory filings, with 59 funds opening new positions, 28 increasing their positions, 56 reducing their positions, and 33 closing their positions.
2,760% more call options, than puts
Call options by funds: $26.9M | Put options by funds: $942K
79% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 33
37% more capital invested
Capital invested by funds: $502M → $687M (+$185M)
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
19% more funds holding
Funds holding: 134 → 160 (+26)
50% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 56
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$51.6M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$47.5M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$39.5M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$33.3M |
| 5 |
Barclays
London,
United Kingdom
|
+$25.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$71.1M |
| 2 |
RA
Royce & Associates
New York
|
-$31.1M |
| 3 |
SAM
Silvercrest Asset Management
New York
|
-$25.1M |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$22.9M |
| 5 |
CM
Capital Management
Glen Allen,
Virginia
|
-$20.7M |
FRG Hedge Fund Activity: Q2 2023 in Review
160 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Franchise Group, Inc. (FRG) for Q2 2023, worth a combined $687M — up 37% from $502M a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new FRG positions and 33 closed out — a net gain of 26 holders — while 28 added to existing stakes and 56 trimmed.
The largest buyer was Pentwater Capital Management, opening a new position worth an estimated $51.6M. The largest seller was Fidelity Investments, cutting an estimated $71.1M.
- 160 institutional investors held Franchise Group, Inc. (FRG) as of Q2 2023, up from 134 in Q1 2023.
- Funds reported $687M of Franchise Group, Inc. stock for Q2 2023, up 37% quarter-over-quarter.
- 59 funds opened new Franchise Group, Inc. positions in Q2 2023 and 33 closed out, a net change of +26 holders.
- The largest Franchise Group, Inc. buyer in Q2 2023 was Pentwater Capital Management, an estimated $51.6M added.
- The largest Franchise Group, Inc. seller in Q2 2023 was Fidelity Investments, an estimated $71.1M sold.
Based on aggregated 13F filings for Q2 2023.