Galicia Financial Group
GGAL
103 hedge funds and large institutions have $843M invested in Galicia Financial Group in 2018 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 39 increasing their positions, 30 reducing their positions, and 37 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
30% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 30
0.77% less ownership
Funds ownership: 3.66% → 2.89% (-0.77%)
14% less funds holding
Funds holding: 120 → 103 (-17)
31% less call options, than puts
Call options by funds: $15.8M | Put options by funds: $23M
38% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 37
39% less capital invested
Capital invested by funds: $1.39B → $843M (-$545M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
II
INCA Investments
Miami,
Florida
|
+$68.9M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$30.2M |
| 3 |
PSCM
Prince Street Capital Management
New York
|
+$18.4M |
| 4 |
BlackRock
New York
|
+$16.7M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CG
Carmignac Gestion
Paris,
France
|
-$159M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$54.5M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$39.3M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$34.2M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
-$27.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Aviva
London,
United Kingdom
| – | -$396K | -12,000 | Closed |
|
|
IUHSA
127
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
| – | -$388K | -11,750 | Closed |
|
128
State Street
Boston,
Massachusetts
| – | -$367K | -11,134 | Closed |
|
129
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
| – | -$257K | -7,800 | Closed |
|
|
PI
130
PineBridge Investments
New York
| – | -$234K | -7,100 | Closed |
|
131
Allianz Asset Management
Munich,
Germany
| – | -$228K | -6,896 | Closed |
|
132
Comerica Bank
Dallas,
Texas
| – | -$224K | -6,370 | Closed |
|
133
Voloridge Investment Management
Jupiter,
Florida
| – | -$203K | -6,154 | Closed |
|
|
QT
134
Quantbot Technologies
New York
| – | -$165K | -5,011 | Closed |
|
135
Envestnet Asset Management
Chicago,
Illinois
| – | -$126K | -3,811 | Closed |
|
|
HI
136
Handelsinvest Investeringsforvaltning
Herning,
Denmark
| – | -$15K | -465 | Closed |
|
GGAL Hedge Fund Activity: Q3 2018 in Review
103 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Galicia Financial Group (GGAL) for Q3 2018, worth a combined $843M — down 39% from $1.39B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of GGAL and 23 opened new positions — a net loss of 14 holders — while 30 trimmed existing stakes and 39 added.
The largest buyer was INCA Investments, opening a new position worth an estimated $68.9M. The largest seller was Carmignac Gestion, exiting entirely with an estimated $159M sold.
- 103 institutional investors held Galicia Financial Group (GGAL) as of Q3 2018, down from 120 in Q2 2018.
- Funds reported $843M of Galicia Financial Group stock for Q3 2018, down 39% quarter-over-quarter.
- 23 funds opened new Galicia Financial Group positions in Q3 2018 and 37 closed out, a net change of -14 holders.
- The largest Galicia Financial Group buyer in Q3 2018 was INCA Investments, an estimated $68.9M added.
- The largest Galicia Financial Group seller in Q3 2018 was Carmignac Gestion, an estimated $159M sold.
Based on aggregated 13F filings for Q3 2018.