Hagerty
HGTY
63 hedge funds and large institutions have $606M invested in Hagerty in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 25 increasing their positions, 16 reducing their positions, and 11 closing their positions.
27,200% more call options, than puts
Call options by funds: $273K | Put options by funds: $1K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
56% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 16
5% more capital invested
Capital invested by funds: $580M → $606M (+$26.7M)
0.51% more ownership
Funds ownership: 82.86% → 83.37% (+0.51%)
9% less funds holding
Funds holding: 69 → 63 (-6)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$5.86M |
| 2 |
WCAU
Working Capital Advisors (UK)
London,
United Kingdom
|
+$1.51M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$890K |
| 4 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
+$505K |
| 5 |
LC
Lincoln Capital
Lincoln,
Nebraska
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$2.9M |
| 2 |
Millennium Management
New York
|
-$733K |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$475K |
| 4 |
IC
IEQ Capital
Foster City,
California
|
-$435K |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$424K |
HGTY Hedge Fund Activity: Q1 2023 in Review
63 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Hagerty (HGTY) for Q1 2023, worth a combined $606M — up 4.6% from $580M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of HGTY and 6 opened new positions — a net loss of 5 holders — while 16 trimmed existing stakes and 25 added.
The largest buyer was Neuberger Berman Group, adding an estimated $5.86M. The largest seller was Granahan Investment Management, cutting an estimated $2.9M.
- 63 institutional investors held Hagerty (HGTY) as of Q1 2023, down from 69 in Q4 2022.
- Funds reported $606M of Hagerty stock for Q1 2023, up 4.6% quarter-over-quarter.
- 6 funds opened new Hagerty positions in Q1 2023 and 11 closed out, a net change of -5 holders.
- The largest Hagerty buyer in Q1 2023 was Neuberger Berman Group, an estimated $5.86M added.
- The largest Hagerty seller in Q1 2023 was Granahan Investment Management, an estimated $2.9M sold.
Based on aggregated 13F filings for Q1 2023.