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: $358M → $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 |
FRP Hedge Fund Activity: Q1 2015 in Review
85 of the 3,770 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 $358M 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.