Fairpoint Communications, Inc.
FRP
FRP was delisted on the 3rd of July, 2017.
104 hedge funds and large institutions have $420M invested in Fairpoint Communications, Inc. in 2016 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 31 increasing their positions, 38 reducing their positions, and 15 closing their positions.
45% more call options, than puts
Call options by funds: $323K | Put options by funds: $223K
40% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 15
16% more capital invested
Capital invested by funds: $363M → $420M (+$56.9M)
4% more funds holding
Funds holding: 100 → 104 (+4)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
18% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$10M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$7.4M |
| 3 |
Renaissance Technologies
New York
|
+$7.12M |
| 4 |
CI
Cowen Inc
New York
|
+$5.94M |
| 5 |
Two Sigma Investments
New York
|
+$5.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Goldentree Asset Management
New York
|
-$8.99M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$8.02M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$7.8M |
| 4 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$7.38M |
| 5 |
PCM
Polaris Capital Management
Boston,
Massachusetts
|
-$7.14M |
FRP Hedge Fund Activity: Q4 2016 in Review
104 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Fairpoint Communications, Inc. (FRP) for Q4 2016, worth a combined $420M — up 16% from $363M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new FRP positions and 15 closed out — a net gain of 6 holders — while 31 added to existing stakes and 38 trimmed.
The largest buyer was Wells Fargo, adding an estimated $10M. The largest seller was Goldentree Asset Management, cutting an estimated $8.99M.
- 104 institutional investors held Fairpoint Communications, Inc. (FRP) as of Q4 2016, up from 100 in Q3 2016.
- Funds reported $420M of Fairpoint Communications, Inc. stock for Q4 2016, up 16% quarter-over-quarter.
- 21 funds opened new Fairpoint Communications, Inc. positions in Q4 2016 and 15 closed out, a net change of +6 holders.
- The largest Fairpoint Communications, Inc. buyer in Q4 2016 was Wells Fargo, an estimated $10M added.
- The largest Fairpoint Communications, Inc. seller in Q4 2016 was Goldentree Asset Management, an estimated $8.99M sold.
Based on aggregated 13F filings for Q4 2016.