Fairpoint Communications, Inc.
FRP
FRP was delisted on the 3rd of July, 2017.
106 hedge funds and large institutions have $396M invested in Fairpoint Communications, Inc. in 2017 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 37 increasing their positions, 28 reducing their positions, and 20 closing their positions.
40% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 20
32% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 28
2% more funds holding
Funds holding: 104 → 106 (+2)
6% less capital invested
Capital invested by funds: $420M → $396M (-$24.6M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
70% less call options, than puts
Call options by funds: $55K | Put options by funds: $181K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$27.8M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$20.1M |
| 3 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
+$10.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$7.13M |
| 5 |
CI
Cowen Inc
New York
|
+$5.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Archer Capital Management
New York
|
-$19.2M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$5.9M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$5.77M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$5.03M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.93M |
FRP Hedge Fund Activity: Q1 2017 in Review
106 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Fairpoint Communications, Inc. (FRP) for Q1 2017, worth a combined $396M — down 5.8% from $420M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new FRP positions and 20 closed out — a net gain of 8 holders — while 37 added to existing stakes and 28 trimmed.
The largest buyer was BlackRock, adding an estimated $27.8M. The largest seller was Archer Capital Management, exiting entirely with an estimated $19.2M sold.
- 106 institutional investors held Fairpoint Communications, Inc. (FRP) as of Q1 2017, up from 104 in Q4 2016.
- Funds reported $396M of Fairpoint Communications, Inc. stock for Q1 2017, down 5.8% quarter-over-quarter.
- 28 funds opened new Fairpoint Communications, Inc. positions in Q1 2017 and 20 closed out, a net change of +8 holders.
- The largest Fairpoint Communications, Inc. buyer in Q1 2017 was BlackRock, an estimated $27.8M added.
- The largest Fairpoint Communications, Inc. seller in Q1 2017 was Archer Capital Management, an estimated $19.2M sold.
Based on aggregated 13F filings for Q1 2017.