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Galicia Financial Group
GGAL

54 hedge funds and large institutions have $143M invested in Galicia Financial Group in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 23 increasing their positions, 11 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 11

87% more call options, than puts

Call options by funds: $16.6M | Put options by funds: $8.86M

19% more capital invested

Capital invested by funds: $120M → $143M (+$23.1M)

2% more funds holding

Funds holding: 53 → 54 (+1)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

0.06% more ownership

Funds ownership: 1.04% → 1.09% (+0.06%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
54
Holders Change
+1
Holders Change %
+1.89%
% of All Funds
0.86%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
13
Increased
23
Reduced
11
Closed
12
Calls
$16.6M
Puts
$8.86M
Net Calls
+$7.71M
Net Calls Change
+$3.21M

Top Buyers

1
DCM
Driehaus Capital Management
Illinois
+$16.5M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$5.83M
3
Millennium Management
Millennium Management
New York
+$3.18M
4
Group One Trading
Group One Trading
Illinois
+$2.87M
5
IUHSA
Itau Unibanco Holding S.A.
Brazil
+$2.71M

Top Sellers

1
II
INCA Investments
Florida
-$8.52M
2
DCM
Discovery Capital Management
Connecticut
-$5.48M
3
JGGDR
JGP Global Gestao de Recursos
Brazil
-$3.98M
4
LFCM
Long Focus Capital Management
Puerto Rico
-$3.44M
5
Morgan Stanley
Morgan Stanley
New York
-$2.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
QC
26
Quadrature Capital
United Kingdom
$893K +$806K +65,177 +403%
Wellington Management Group
27
Wellington Management Group
Massachusetts
$818K +$922K +74,520 New
CAM
28
Chesapeake Asset Management
New York
$698K +$786K +63,580 New
TC
29
Trium Capital
United Kingdom
$617K +$219K +17,735 +46%
Goldman Sachs
30
Goldman Sachs
New York
$579K -$2.11M -170,410 -76%
Wolverine Trading
31
Wolverine Trading
Illinois
$518K +$368K +29,788 +191%
SFI
32
Susquehanna Fundamental Investments
Pennsylvania
$497K – – –
BNP Paribas Financial Markets
33
BNP Paribas Financial Markets
France
$445K +$118K +9,566 +31%
SSA
34
Schonfeld Strategic Advisors
New York
$338K +$381K +30,800 New
Geode Capital Management
35
Geode Capital Management
Massachusetts
$322K – – –
JGGDR
36
JGP Global Gestao de Recursos
Brazil
$291K -$3.98M -322,000 -99%
WG
37
Winton Group
United Kingdom
$274K -$174K -14,085 -36%
BBVA
38
Banco Bilbao Vizcaya Argentaria
Spain
$257K +$128K +10,331 +82%
CIBC World Market
39
CIBC World Market
Ontario, Canada
$211K -$145K -11,704 -38%
YIH
40
Y-Intercept (HK)
Hong Kong
$179K +$202K +16,299 New
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$175K +$198K +15,972 New
Assenagon Asset Management
42
Assenagon Asset Management
Luxembourg
$141K +$159K +12,838 New
Mitsubishi UFJ Asset Management
43
Mitsubishi UFJ Asset Management
Japan
$135K – – –
SAS
44
Stelac Advisory Services
New York
$134K +$151K +12,200 New
QT
45
Quantbot Technologies
New York
$127K +$56.4K +4,558 +65%
BFEC
46
Benjamin F. Edwards & Company
Missouri
$114K +$50.9K +4,118 +66%
RJA
47
Raymond James & Associates
Florida
$112K +$126K +10,214 New
UBS Group
48
UBS Group
Switzerland
$103K +$92.4K +7,468 +391%
TRCT
49
Tower Research Capital (TRC)
New York
$68K +$68.3K +5,520 +865%
EARNEST Partners
50
EARNEST Partners
Georgia
$33K – – –
1
2
3

GGAL Hedge Fund Activity: Q1 2023 in Review

54 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Galicia Financial Group (GGAL) for Q1 2023, worth a combined $143M — up 19% from $120M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new GGAL positions and 12 closed out — a net gain of 1 holder — while 23 added to existing stakes and 11 trimmed.

The largest buyer was Driehaus Capital Management, opening a new position worth an estimated $16.5M. The largest seller was INCA Investments, cutting an estimated $8.52M.

  • 54 institutional investors held Galicia Financial Group (GGAL) as of Q1 2023, up from 53 in Q4 2022.
  • Funds reported $143M of Galicia Financial Group stock for Q1 2023, up 19% quarter-over-quarter.
  • 13 funds opened new Galicia Financial Group positions in Q1 2023 and 12 closed out, a net change of +1 holder.
  • The largest Galicia Financial Group buyer in Q1 2023 was Driehaus Capital Management, an estimated $16.5M added.
  • The largest Galicia Financial Group seller in Q1 2023 was INCA Investments, an estimated $8.52M sold.

Based on aggregated 13F filings for Q1 2023.