Hagerty
HGTY
51 hedge funds and large institutions have $719M invested in Hagerty in 2022 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 12 increasing their positions, 9 reducing their positions, and 7 closing their positions.
200% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 7
34% more funds holding
Funds holding: 38 → 51 (+13)
33% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 9
0.08% less ownership
Funds ownership: 80.86% → 80.78% (-0.08%)
23% less capital invested
Capital invested by funds: $938M → $719M (-$220M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
+$7.92M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.1M |
| 3 |
BlackRock
New York
|
+$4.76M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$3.32M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$3.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$21.5M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$12.1M |
| 3 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$2.03M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$897K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$229K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
51
AQR Arbitrage
Greenwich,
Connecticut
| – | -$897K | -63,256 | Closed |
|
|
NA
52
NewEdge Advisors
New Orleans,
Louisiana
| – | -$229K | -16,182 | Closed |
|
|
CA
53
CoreCap Advisors
Southfield,
Michigan
| – | -$35K | -2,500 | Closed |
|
54
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$28K | -1,970 | Closed |
|
|
FFG
55
Ford Financial Group
Fresno,
California
| – | -$3 | -238 | Closed |
|
|
HNWA
56
Henrickson Nauta Wealth Advisors
Belmont,
Michigan
| – | -$1K | -60 | Closed |
|
|
CFGS
57
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$429 | -30 | Closed |
|
58
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | +$143 | +10 | +67% |
|
HGTY Hedge Fund Activity: Q1 2022 in Review
51 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Hagerty (HGTY) for Q1 2022, worth a combined $719M — down 23% from $938M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new HGTY positions and 7 closed out — a net gain of 14 holders — while 12 added to existing stakes and 9 trimmed.
The largest buyer was Fenimore Asset Management, opening a new position worth an estimated $7.92M. The largest seller was Bank of America, cutting an estimated $21.5M.
- 51 institutional investors held Hagerty (HGTY) as of Q1 2022, up from 38 in Q4 2021.
- Funds reported $719M of Hagerty stock for Q1 2022, down 23% quarter-over-quarter.
- 21 funds opened new Hagerty positions in Q1 2022 and 7 closed out, a net change of +14 holders.
- The largest Hagerty buyer in Q1 2022 was Fenimore Asset Management, an estimated $7.92M added.
- The largest Hagerty seller in Q1 2022 was Bank of America, an estimated $21.5M sold.
Based on aggregated 13F filings for Q1 2022.