StealthGas
GASS
38 hedge funds and large institutions have $85.6M invested in StealthGas in 2018 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 37 → 38 (+1)
0.69% more ownership
Funds ownership: 59.65% → 60.33% (+0.69%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
9% less capital invested
Capital invested by funds: $93.9M → $85.6M (-$8.29M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Glendon Capital Management
Santa Monica,
California
|
+$864K |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$830K |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$621K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$322K |
| 5 |
Renaissance Technologies
New York
|
+$130K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$1.08M |
| 2 |
RA
Royce & Associates
New York
|
-$377K |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$230K |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$216K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$73.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $92K | -$36.7K | -10,000 | -28% |
|
|
WS
27
Wedbush Securities
Los Angeles,
California
| $65K | – | – | – |
|
28
Geode Capital Management
Boston,
Massachusetts
| $61K | – | – | – |
|
29
Invesco
Atlanta,
Georgia
| $55K | +$7.38K | +2,013 | +15% |
|
30
Barclays
London,
United Kingdom
| $45K | – | – | – |
|
31
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $41K | +$41.8K | +11,393 | New |
|
|
32
Macquarie Group
Sydney, NSW 2000,
Australia
| $19K | -$230K | -62,784 | -92% |
|
|
DBT
33
Dubuque Bank & Trust
Dubuque,
Iowa
| $14K | – | – | – |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| $9K | +$7.32K | +1,997 | +330% |
|
35
Bank of America
Charlotte,
North Carolina
| $3K | +$2.93K | +800 | New |
|
|
IA
36
IFP Advisors
Tampa,
Florida
| $2K | – | – | – |
|
37
UBS Group
Zurich,
Switzerland
| $1K | -$12.5K | -3,401 | -88% |
|
38
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
|
BPCM
39
Beach Point Capital Management
Santa Monica,
California
| – | -$1.08M | -273,851 | Closed |
|
GASS Hedge Fund Activity: Q3 2018 in Review
38 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in StealthGas (GASS) for Q3 2018, worth a combined $85.6M — down 8.8% from $93.9M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new GASS positions and 2 closed out — a net gain of 1 holder — while 10 added to existing stakes and 11 trimmed.
The largest buyer was Glendon Capital Management, adding an estimated $864K. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $1.08M sold.
- 38 institutional investors held StealthGas (GASS) as of Q3 2018, up from 37 in Q2 2018.
- Funds reported $85.6M of StealthGas stock for Q3 2018, down 8.8% quarter-over-quarter.
- 3 funds opened new StealthGas positions in Q3 2018 and 2 closed out, a net change of +1 holder.
- The largest StealthGas buyer in Q3 2018 was Glendon Capital Management, an estimated $864K added.
- The largest StealthGas seller in Q3 2018 was Beach Point Capital Management, an estimated $1.08M sold.
Based on aggregated 13F filings for Q3 2018.