Group 1 Automotive
180 hedge funds and large institutions have $2B invested in Group 1 Automotive in 2013 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 61 increasing their positions, 65 reducing their positions, and 18 closing their positions.
89% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 18
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
22% more capital invested
Capital invested by funds: $1.64B → $2B (+$362M)
9% more funds holding
Funds holding: 165 → 180 (+15)
1.06% more ownership
Funds ownership: 104.5% → 105.56% (+1.1%)
6% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 65
34% less call options, than puts
Call options by funds: $10M | Put options by funds: $15.3M
Top Buyers
| 1 |
AC
Amici Capital
New York
|
+$39.9M |
| 2 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
+$34.8M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$30.7M |
| 4 |
EC
Eminence Capital
New York
|
+$19.4M |
| 5 |
RIM
Ranger Investment Management
Dallas,
Texas
|
+$13M |
Top Sellers
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
-$37.7M |
| 2 |
TCM
Tiger Consumer Management
New York
|
-$27.2M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$20.9M |
| 4 |
KeyBank National Association
Cleveland,
Ohio
|
-$15.4M |
| 5 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$14.6M |
GPI Hedge Fund Activity: Q3 2013 in Review
180 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Group 1 Automotive (GPI) for Q3 2013, worth a combined $2B — up 22% from $1.64B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new GPI positions and 18 closed out — a net gain of 16 holders — while 61 added to existing stakes and 65 trimmed.
The largest buyer was Amici Capital, adding an estimated $39.9M. The largest seller was Carlson Capital, cutting an estimated $37.7M.
- 180 institutional investors held Group 1 Automotive (GPI) as of Q3 2013, up from 165 in Q2 2013.
- Funds reported $2B of Group 1 Automotive stock for Q3 2013, up 22% quarter-over-quarter.
- 34 funds opened new Group 1 Automotive positions in Q3 2013 and 18 closed out, a net change of +16 holders.
- The largest Group 1 Automotive buyer in Q3 2013 was Amici Capital, an estimated $39.9M added.
- The largest Group 1 Automotive seller in Q3 2013 was Carlson Capital, an estimated $37.7M sold.
Based on aggregated 13F filings for Q3 2013.