Hagerty
HGTY
74 hedge funds and large institutions have $561M invested in Hagerty in 2023 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 20 reducing their positions, and 6 closing their positions.
250% more call options, than puts
Call options by funds: $35K | Put options by funds: $10K
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
10% more funds holding
Funds holding: 67 → 74 (+7)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 20
0.27% less ownership
Funds ownership: 82.77% → 82.5% (-0.27%)
24% less capital invested
Capital invested by funds: $740M → $561M (-$179M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$564K |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$467K |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$220K |
| 4 |
Jane Street
New York
|
+$204K |
| 5 |
HF
HRT Financial
New York
|
+$190K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$1.75M |
| 2 |
BlackRock
New York
|
-$1.26M |
| 3 |
Charles Schwab
San Francisco,
California
|
-$376K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$338K |
| 5 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$254K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Acadian Asset Management
Boston,
Massachusetts
| – | -$23K | -2,526 | Closed |
|
77
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$18K | -1,970 | Closed |
|
|
HCA
78
Harbor Capital Advisors
Chicago,
Illinois
| – | -$8.74K | -934 | Closed |
|
79
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$5.85K | -625 | Closed |
|
|
ARS
80
Adirondack Retirement Specialists
Queensbury,
New York
| – | -$936 | -100 | Closed |
|
HGTY Hedge Fund Activity: Q3 2023 in Review
74 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Hagerty (HGTY) for Q3 2023, worth a combined $561M — down 24% from $740M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new HGTY positions and 6 closed out — a net gain of 7 holders — while 20 added to existing stakes and 20 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $564K. The largest seller was Granahan Investment Management, exiting entirely with an estimated $1.75M sold.
- 74 institutional investors held Hagerty (HGTY) as of Q3 2023, up from 67 in Q2 2023.
- Funds reported $561M of Hagerty stock for Q3 2023, down 24% quarter-over-quarter.
- 13 funds opened new Hagerty positions in Q3 2023 and 6 closed out, a net change of +7 holders.
- The largest Hagerty buyer in Q3 2023 was Millennium Management, an estimated $564K added.
- The largest Hagerty seller in Q3 2023 was Granahan Investment Management, an estimated $1.75M sold.
Based on aggregated 13F filings for Q3 2023.