Fairpoint Communications, Inc.
FRP
FRP was delisted on the 3rd of July, 2017.
82 hedge funds and large institutions have $264M invested in Fairpoint Communications, Inc. in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 28 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
20% more capital invested
Capital invested by funds: $219M → $264M (+$44.5M)
3% more funds holding
Funds holding: 80 → 82 (+2)
21% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 28
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $6K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Goldentree Asset Management
New York
|
+$4.09M |
| 2 |
Renaissance Technologies
New York
|
+$1.58M |
| 3 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$1.42M |
| 4 |
Two Sigma Advisers
New York
|
+$896K |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$847K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$3.49M |
| 2 |
BPGAM
BTG Pactual Global Asset Management
Hamilton,
Bermuda
|
-$1.41M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$692K |
| 4 |
ACM
Archer Capital Management
New York
|
-$551K |
| 5 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$547K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
U
76
UBS
Zurich,
Switzerland
| $1K | -$692K | -73,097 | -100% |
|
77
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $218 | +$8.99K | +949 | +5% |
|
|
DIA
78
Denver Investment Advisors
Denver,
Colorado
| $165 | – | – | – |
|
|
BPGAM
79
BTG Pactual Global Asset Management
Hamilton,
Bermuda
| – | -$1.41M | -148,093 | Closed |
|
|
CCM
80
Contrarian Capital Management
Greenwich,
Connecticut
| – | -$547K | -57,303 | Closed |
|
81
ProShare Advisors
Bethesda,
Maryland
| – | -$125K | -13,116 | Closed |
|
82
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$3K | -275 | Closed |
|
|
OSAM
83
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$3K | -268 | Closed |
|
|
DOA
84
D'Orazio & Associates
Falls Church,
Virginia
| – | +$66 | +7 | New |
|
|
TFO
85
Tarbox Family Office
Newport Beach,
California
| – | +$152 | +16 | New |
|
FRP Hedge Fund Activity: Q4 2013 in Review
82 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Fairpoint Communications, Inc. (FRP) for Q4 2013, worth a combined $264M — up 20% from $219M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new FRP positions and 7 closed out — a net gain of 3 holders — while 22 added to existing stakes and 28 trimmed.
The largest buyer was Goldentree Asset Management, opening a new position worth an estimated $4.09M. The largest seller was Credit Suisse, cutting an estimated $3.49M.
- 82 institutional investors held Fairpoint Communications, Inc. (FRP) as of Q4 2013, up from 80 in Q3 2013.
- Funds reported $264M of Fairpoint Communications, Inc. stock for Q4 2013, up 20% quarter-over-quarter.
- 10 funds opened new Fairpoint Communications, Inc. positions in Q4 2013 and 7 closed out, a net change of +3 holders.
- The largest Fairpoint Communications, Inc. buyer in Q4 2013 was Goldentree Asset Management, an estimated $4.09M added.
- The largest Fairpoint Communications, Inc. seller in Q4 2013 was Credit Suisse, an estimated $3.49M sold.
Based on aggregated 13F filings for Q4 2013.