Cedar Fair
173 hedge funds and large institutions have $446M invested in Cedar Fair in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 68 increasing their positions, 52 reducing their positions, and 73 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 52
7.71% less ownership
Funds ownership: 50.57% → 42.86% (-7.7%)
25% less funds holding
Funds holding: 231 → 173 (-58)
61% less call options, than puts
Call options by funds: $3.2M | Put options by funds: $8.14M
72% less capital invested
Capital invested by funds: $1.59B → $446M (-$1.14B)
73% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 73
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$40.6M |
| 2 |
Citigroup
New York
|
+$27.2M |
| 3 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$13M |
| 4 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$9.87M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$9.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$53.3M |
| 2 |
Neuberger Berman Group
New York
|
-$39.9M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$39.6M |
| 4 |
Morgan Stanley
New York
|
-$35.2M |
| 5 |
MWA
Marshall Wace Asia
Central,
Hong Kong
|
-$31.2M |
FUN Hedge Fund Activity: Q1 2020 in Review
173 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Cedar Fair (FUN) for Q1 2020, worth a combined $446M — down 72% from $1.59B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of FUN and 20 opened new positions — a net loss of 53 holders — while 52 trimmed existing stakes and 68 added.
The largest buyer was Burgundy Asset Management, adding an estimated $40.6M. The largest seller was Capital Research Global Investors, exiting entirely with an estimated $53.3M sold.
- 173 institutional investors held Cedar Fair (FUN) as of Q1 2020, down from 231 in Q4 2019.
- Funds reported $446M of Cedar Fair stock for Q1 2020, down 72% quarter-over-quarter.
- 20 funds opened new Cedar Fair positions in Q1 2020 and 73 closed out, a net change of -53 holders.
- The largest Cedar Fair buyer in Q1 2020 was Burgundy Asset Management, an estimated $40.6M added.
- The largest Cedar Fair seller in Q1 2020 was Capital Research Global Investors, an estimated $53.3M sold.
Based on aggregated 13F filings for Q1 2020.