Fairpoint Communications, Inc.
FRP
FRP was delisted on the 3rd of July, 2017.
85 hedge funds and large institutions have $457M invested in Fairpoint Communications, Inc. in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 28 increasing their positions, 30 reducing their positions, and 9 closing their positions.
28% more capital invested
Capital invested by funds: $357M → $457M (+$99.4M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
7% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 30
2% less funds holding
Funds holding: 87 → 85 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Goldentree Asset Management
New York
|
+$12.5M |
| 2 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
+$7.34M |
| 3 |
BPGAM
BTG Pactual Global Asset Management
Hamilton,
Bermuda
|
+$3.06M |
| 4 |
PCM
Polaris Capital Management
Boston,
Massachusetts
|
+$2.63M |
| 5 |
VAM
Visium Asset Management
New York
|
+$2.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACG
Anchorage Capital Group
New York
|
-$10.5M |
| 2 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$3.11M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$2.48M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$2.22M |
| 5 |
GCM
Gruss Capital Management
New York
|
-$1.59M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Citigroup
New York
| $5K | +$4.54K | +284 | New |
|
77
Walleye Trading
New York
| $3K | +$2.69K | +168 | New |
|
78
Bank of America
Charlotte,
North Carolina
| $2K | -$80.3K | -5,019 | -98% |
|
79
Federated Hermes
Pittsburgh,
Pennsylvania
| $2K | -$3.49K | -218 | -69% |
|
80
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1K | -$880 | -55 | -59% |
|
81
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $265 | +$7.95K | +497 | +3% |
|
|
ACG
82
Anchorage Capital Group
New York
| – | -$10.5M | -737,960 | Closed |
|
|
BCM
83
Bridgeway Capital Management
Houston,
Texas
| – | -$2.48M | -174,400 | Closed |
|
|
GCP
84
GSA Capital Partners
London,
United Kingdom
| – | -$256K | -18,028 | Closed |
|
|
JG
85
Jefferies Group
New York
| – | -$150K | -10,544 | Closed |
|
|
PG
86
PEAK6 Group
Chicago,
Illinois
| – | -$134K | -9,448 | Closed |
|
87
Group One Trading
Chicago,
Illinois
| – | -$29K | -2,064 | Closed |
|
88
UBS Group
Zurich,
Switzerland
| – | -$7K | -493 | Closed |
|
FRP Hedge Fund Activity: Q1 2015 in Review
85 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Fairpoint Communications, Inc. (FRP) for Q1 2015, worth a combined $457M — up 28% from $357M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FRP and 7 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 28 added.
The largest buyer was Goldentree Asset Management, adding an estimated $12.5M. The largest seller was Anchorage Capital Group, exiting entirely with an estimated $10.5M sold.
- 85 institutional investors held Fairpoint Communications, Inc. (FRP) as of Q1 2015, down from 87 in Q4 2014.
- Funds reported $457M of Fairpoint Communications, Inc. stock for Q1 2015, up 28% quarter-over-quarter.
- 7 funds opened new Fairpoint Communications, Inc. positions in Q1 2015 and 9 closed out, a net change of -2 holders.
- The largest Fairpoint Communications, Inc. buyer in Q1 2015 was Goldentree Asset Management, an estimated $12.5M added.
- The largest Fairpoint Communications, Inc. seller in Q1 2015 was Anchorage Capital Group, an estimated $10.5M sold.
Based on aggregated 13F filings for Q1 2015.