Hagerty
HGTY
69 hedge funds and large institutions have $580M invested in Hagerty in 2022 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 7 closing their positions.
171% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 7
19% more funds holding
Funds holding: 58 → 69 (+11)
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $604M → $580M (-$23.9M)
2.2% less ownership
Funds ownership: 85.06% → 82.86% (-2.2%)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $129K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$14.6M |
| 2 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
+$13.3M |
| 3 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
+$4.41M |
| 4 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$1.8M |
| 5 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$46.1M |
| 2 |
SEI Investments
Oaks,
Pennsylvania
|
-$1.68M |
| 3 |
CWM
Cabot Wealth Management
Salem,
Massachusetts
|
-$1.46M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$893K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$698K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Simplex Trading
Chicago,
Illinois
| – | -$5.85K | -673 | -95% |
|
HGTY Hedge Fund Activity: Q4 2022 in Review
69 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Hagerty (HGTY) for Q4 2022, worth a combined $580M — down 4% from $604M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new HGTY positions and 7 closed out — a net gain of 12 holders — while 17 added to existing stakes and 15 trimmed.
The largest buyer was Neuberger Berman Group, opening a new position worth an estimated $14.6M. The largest seller was Wasatch Advisors, cutting an estimated $46.1M.
- 69 institutional investors held Hagerty (HGTY) as of Q4 2022, up from 58 in Q3 2022.
- Funds reported $580M of Hagerty stock for Q4 2022, down 4% quarter-over-quarter.
- 19 funds opened new Hagerty positions in Q4 2022 and 7 closed out, a net change of +12 holders.
- The largest Hagerty buyer in Q4 2022 was Neuberger Berman Group, an estimated $14.6M added.
- The largest Hagerty seller in Q4 2022 was Wasatch Advisors, an estimated $46.1M sold.
Based on aggregated 13F filings for Q4 2022.