Fairpoint Communications, Inc.
FRP
FRP was delisted on the 3rd of July, 2017.
100 hedge funds and large institutions have $363M invested in Fairpoint Communications, Inc. in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 38 reducing their positions, and 18 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
55% more call options, than puts
Call options by funds: $181K | Put options by funds: $117K
5% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 38
9% less capital invested
Capital invested by funds: $399M → $363M (-$35.5M)
9% less funds holding
Funds holding: 110 → 100 (-10)
50% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$4.47M |
| 2 |
YCMGA
York Capital Management Global Advisors
New York
|
+$3.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.48M |
| 4 |
AG
Algert Global
San Francisco,
California
|
+$1.45M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Goldentree Asset Management
New York
|
-$43.2M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$1.92M |
| 3 |
Millennium Management
New York
|
-$1.74M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.6M |
| 5 |
Morgan Stanley
New York
|
-$1.45M |
FRP Hedge Fund Activity: Q3 2016 in Review
100 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Fairpoint Communications, Inc. (FRP) for Q3 2016, worth a combined $363M — down 8.9% from $399M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FRP and 9 opened new positions — a net loss of 9 holders — while 38 trimmed existing stakes and 36 added.
The largest buyer was Numeric Investors, adding an estimated $4.47M. The largest seller was Goldentree Asset Management, cutting an estimated $43.2M.
- 100 institutional investors held Fairpoint Communications, Inc. (FRP) as of Q3 2016, down from 110 in Q2 2016.
- Funds reported $363M of Fairpoint Communications, Inc. stock for Q3 2016, down 8.9% quarter-over-quarter.
- 9 funds opened new Fairpoint Communications, Inc. positions in Q3 2016 and 18 closed out, a net change of -9 holders.
- The largest Fairpoint Communications, Inc. buyer in Q3 2016 was Numeric Investors, an estimated $4.47M added.
- The largest Fairpoint Communications, Inc. seller in Q3 2016 was Goldentree Asset Management, an estimated $43.2M sold.
Based on aggregated 13F filings for Q3 2016.