Fairpoint Communications, Inc.
FRP
FRP was delisted on the 3rd of July, 2017.
94 hedge funds and large institutions have $336M invested in Fairpoint Communications, Inc. in 2014 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 38 increasing their positions, 19 reducing their positions, and 9 closing their positions.
133% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 9
100% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 19
27% more capital invested
Capital invested by funds: $264M → $336M (+$72M)
15% more funds holding
Funds holding: 82 → 94 (+12)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$20.1M |
| 2 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$14.5M |
| 3 |
BPGAM
BTG Pactual Global Asset Management
Hamilton,
Bermuda
|
+$7.77M |
| 4 |
Renaissance Technologies
New York
|
+$5.7M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$4.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LBH
Lehman Brothers Holdings
New York
|
-$18M |
| 2 |
ACG
Anchorage Capital Group
New York
|
-$10M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$6.44M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$5.98M |
| 5 |
ACM
Archer Capital Management
New York
|
-$4.46M |
FRP Hedge Fund Activity: Q1 2014 in Review
94 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Fairpoint Communications, Inc. (FRP) for Q1 2014, worth a combined $336M — up 27% from $264M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FRP positions and 9 closed out — a net gain of 12 holders — while 38 added to existing stakes and 19 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $20.1M. The largest seller was Lehman Brothers Holdings, exiting entirely with an estimated $18M sold.
- 94 institutional investors held Fairpoint Communications, Inc. (FRP) as of Q1 2014, up from 82 in Q4 2013.
- Funds reported $336M of Fairpoint Communications, Inc. stock for Q1 2014, up 27% quarter-over-quarter.
- 21 funds opened new Fairpoint Communications, Inc. positions in Q1 2014 and 9 closed out, a net change of +12 holders.
- The largest Fairpoint Communications, Inc. buyer in Q1 2014 was Fidelity Investments, an estimated $20.1M added.
- The largest Fairpoint Communications, Inc. seller in Q1 2014 was Lehman Brothers Holdings, an estimated $18M sold.
Based on aggregated 13F filings for Q1 2014.