Cedar Fair
165 hedge funds and large institutions have $1.72B invested in Cedar Fair in 2016 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 44 increasing their positions, 51 reducing their positions, and 15 closing their positions.
163% more call options, than puts
Call options by funds: $4.1M | Put options by funds: $1.56M
80% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 15
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
6% more funds holding
Funds holding: 156 → 165 (+9)
1.49% less ownership
Funds ownership: 52.83% → 51.34% (-1.5%)
7% less capital invested
Capital invested by funds: $1.84B → $1.72B (-$121M)
14% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$63.1M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$37.7M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$22.8M |
| 4 |
EIP
Epoch Investment Partners
New York
|
+$15.6M |
| 5 |
KWILP
Kiwi Wealth Investments Limited Partnership
Wellington,
New Zealand
|
+$8.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$88.7M |
| 2 |
MP
MSD Partners
New York
|
-$35.6M |
| 3 |
Goldman Sachs
New York
|
-$29M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$10.7M |
| 5 |
CGI
CI Global Investments
Oakland,
California
|
-$9.69M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JG
176
Jefferies Group
New York
| – | -$257K | -4,596 | Closed |
|
|
FM
177
Family Management
New York
| – | -$223K | -4,000 | Closed |
|
|
PG
178
PEAK6 Group
Chicago,
Illinois
| – | -$165K | -2,997 | Closed |
|
|
CG
179
Cutler Group
San Francisco,
California
| – | -$121K | -2,197 | Closed |
|
|
PCM
180
Prelude Capital Management
New York
| – | -$13K | -233 | Closed |
|
181
Group One Trading
Chicago,
Illinois
| – | -$9.05K | -164 | Closed |
|
FUN Hedge Fund Activity: Q1 2016 in Review
165 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Cedar Fair (FUN) for Q1 2016, worth a combined $1.72B — down 6.6% from $1.84B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FUN positions and 15 closed out — a net gain of 12 holders — while 44 added to existing stakes and 51 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $63.1M. The largest seller was Neuberger Berman Group, cutting an estimated $88.7M.
- 165 institutional investors held Cedar Fair (FUN) as of Q1 2016, up from 156 in Q4 2015.
- Funds reported $1.72B of Cedar Fair stock for Q1 2016, down 6.6% quarter-over-quarter.
- 27 funds opened new Cedar Fair positions in Q1 2016 and 15 closed out, a net change of +12 holders.
- The largest Cedar Fair buyer in Q1 2016 was Fidelity Investments, an estimated $63.1M added.
- The largest Cedar Fair seller in Q1 2016 was Neuberger Berman Group, an estimated $88.7M sold.
Based on aggregated 13F filings for Q1 2016.