Hagerty
HGTY
67 hedge funds and large institutions have $654M invested in Hagerty in 2023 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 13 reducing their positions, and 7 closing their positions.
36,700% more call options, than puts
Call options by funds: $368K | Put options by funds: $1K
108% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 13
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
8% more capital invested
Capital invested by funds: $606M → $654M (+$47.4M)
6% more funds holding
Funds holding: 63 → 67 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.6% less ownership
Funds ownership: 83.37% → 82.77% (-0.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$10.1M |
| 2 |
WCAU
Working Capital Advisors (UK)
London,
United Kingdom
|
+$7.38M |
| 3 |
BlackRock
New York
|
+$982K |
| 4 |
GC
Garde Capital
Seattle,
Washington
|
+$922K |
| 5 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$707K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$10M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$5.75M |
| 3 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$1.46M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$922K |
| 5 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$282K |
HGTY Hedge Fund Activity: Q2 2023 in Review
67 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Hagerty (HGTY) for Q2 2023, worth a combined $654M — up 7.8% from $606M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new HGTY positions and 7 closed out — a net gain of 4 holders — while 27 added to existing stakes and 13 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $10.1M. The largest seller was Granahan Investment Management, cutting an estimated $10M.
- 67 institutional investors held Hagerty (HGTY) as of Q2 2023, up from 63 in Q1 2023.
- Funds reported $654M of Hagerty stock for Q2 2023, up 7.8% quarter-over-quarter.
- 11 funds opened new Hagerty positions in Q2 2023 and 7 closed out, a net change of +4 holders.
- The largest Hagerty buyer in Q2 2023 was Neuberger Berman Group, an estimated $10.1M added.
- The largest Hagerty seller in Q2 2023 was Granahan Investment Management, an estimated $10M sold.
Based on aggregated 13F filings for Q2 2023.