Galicia Financial Group
GGAL
70 hedge funds and large institutions have $140M invested in Galicia Financial Group in 2023 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 13 closing their positions.
85% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 13
64% more call options, than puts
Call options by funds: $29M | Put options by funds: $17.6M
17% more funds holding
Funds holding: 60 → 70 (+10)
0.06% less ownership
Funds ownership: 0.96% → 0.9% (-0.06%)
18% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 22
29% less capital invested
Capital invested by funds: $197M → $140M (-$57.2M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$6.16M |
| 2 |
BPC
Banque Pictet & Cie
Geneva 73,
Switzerland
|
+$5.88M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$3.53M |
| 4 |
RAM
RWC Asset Management
London,
United Kingdom
|
+$3.46M |
| 5 |
DWA
Dorsey Wright & Associates
Pasadena,
California
|
+$2.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
II
INCA Investments
Miami,
Florida
|
-$12M |
| 2 |
BlackRock
New York
|
-$6.57M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$5.7M |
| 4 |
ACJ
Autonomy Capital (Jersey)
St. Helier,
Jersey
|
-$5.16M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$3.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
76
Bayesian Capital Management
Brooklyn,
New York
| – | -$323K | -18,800 | Closed |
|
|
FRM
77
Fox Run Management
Greenwich,
Connecticut
| – | -$292K | -16,990 | Closed |
|
78
Belvedere Trading
Chicago,
Illinois
| – | -$26.4K | -1,537 | Closed |
|
79
Wells Fargo
San Francisco,
California
| – | -$7.74K | -450 | Closed |
|
|
TC
80
Trium Capital
London,
United Kingdom
| – | -$6 | -360 | Closed |
|
|
HT
81
Headlands Technologies
Chicago,
Illinois
| – | -$5.59K | -325 | Closed |
|
82
Fidelity Investments
Boston,
Massachusetts
| – | -$17 | -1 | Closed |
|
GGAL Hedge Fund Activity: Q3 2023 in Review
70 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Galicia Financial Group (GGAL) for Q3 2023, worth a combined $140M — down 29% from $197M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new GGAL positions and 13 closed out — a net gain of 11 holders — while 18 added to existing stakes and 22 trimmed.
The largest buyer was Discovery Capital Management, adding an estimated $6.16M. The largest seller was INCA Investments, cutting an estimated $12M.
- 70 institutional investors held Galicia Financial Group (GGAL) as of Q3 2023, up from 60 in Q2 2023.
- Funds reported $140M of Galicia Financial Group stock for Q3 2023, down 29% quarter-over-quarter.
- 24 funds opened new Galicia Financial Group positions in Q3 2023 and 13 closed out, a net change of +11 holders.
- The largest Galicia Financial Group buyer in Q3 2023 was Discovery Capital Management, an estimated $6.16M added.
- The largest Galicia Financial Group seller in Q3 2023 was INCA Investments, an estimated $12M sold.
Based on aggregated 13F filings for Q3 2023.