Fairpoint Communications, Inc.
FRP
FRP was delisted on the 3rd of July, 2017.
100 hedge funds and large institutions have $360M invested in Fairpoint Communications, Inc. in 2017 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 41 increasing their positions, 28 reducing their positions, and 15 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 28
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
6% less funds holding
Funds holding: 106 → 100 (-6)
9% less capital invested
Capital invested by funds: $396M → $360M (-$36M)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
99% less call options, than puts
Call options by funds: $1K | Put options by funds: $165K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$8.9M |
| 2 |
Walleye Trading
New York
|
+$2.75M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$2.61M |
| 4 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$2.11M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Goldentree Asset Management
New York
|
-$12.9M |
| 2 |
CI
Cowen Inc
New York
|
-$4.92M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.78M |
| 4 |
OCAM
Onex Canada Asset Management
Toronto,
Ontario, Canada
|
-$3.62M |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$2.52M |
FRP Hedge Fund Activity: Q2 2017 in Review
100 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Fairpoint Communications, Inc. (FRP) for Q2 2017, worth a combined $360M — down 9.1% from $396M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FRP and 9 opened new positions — a net loss of 6 holders — while 28 trimmed existing stakes and 41 added.
The largest buyer was Longfellow Investment Management, opening a new position worth an estimated $8.9M. The largest seller was Goldentree Asset Management, cutting an estimated $12.9M.
- 100 institutional investors held Fairpoint Communications, Inc. (FRP) as of Q2 2017, down from 106 in Q1 2017.
- Funds reported $360M of Fairpoint Communications, Inc. stock for Q2 2017, down 9.1% quarter-over-quarter.
- 9 funds opened new Fairpoint Communications, Inc. positions in Q2 2017 and 15 closed out, a net change of -6 holders.
- The largest Fairpoint Communications, Inc. buyer in Q2 2017 was Longfellow Investment Management, an estimated $8.9M added.
- The largest Fairpoint Communications, Inc. seller in Q2 2017 was Goldentree Asset Management, an estimated $12.9M sold.
Based on aggregated 13F filings for Q2 2017.