Hilton Grand Vacations
230 hedge funds and large institutions have $3.23B invested in Hilton Grand Vacations in 2018 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 70 increasing their positions, 84 reducing their positions, and 71 closing their positions.
1,859% more call options, than puts
Call options by funds: $51.5M | Put options by funds: $2.63M
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
1.74% more ownership
Funds ownership: 98.81% → 100.55% (+1.7%)
3% less capital invested
Capital invested by funds: $3.32B → $3.23B (-$93.8M)
16% less funds holding
Funds holding: 275 → 230 (-45)
17% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 84
61% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 71
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$120M |
| 2 |
GCM
Gates Capital Management
New York
|
+$86.6M |
| 3 |
LPC
Long Pond Capital
New York
|
+$81.8M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$46M |
| 5 |
GL
Governors Lane
New York
|
+$36.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$67M |
| 2 |
Goldman Sachs
New York
|
-$55.4M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$49.5M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$38.7M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$32M |
HGV Hedge Fund Activity: Q3 2018 in Review
230 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Hilton Grand Vacations (HGV) for Q3 2018, worth a combined $3.23B — down 2.8% from $3.32B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of HGV and 28 opened new positions — a net loss of 43 holders — while 84 trimmed existing stakes and 70 added.
The largest buyer was Highfields Capital Management, adding an estimated $120M. The largest seller was AJO LP, exiting entirely with an estimated $67M sold.
- 230 institutional investors held Hilton Grand Vacations (HGV) as of Q3 2018, down from 275 in Q2 2018.
- Funds reported $3.23B of Hilton Grand Vacations stock for Q3 2018, down 2.8% quarter-over-quarter.
- 28 funds opened new Hilton Grand Vacations positions in Q3 2018 and 71 closed out, a net change of -43 holders.
- The largest Hilton Grand Vacations buyer in Q3 2018 was Highfields Capital Management, an estimated $120M added.
- The largest Hilton Grand Vacations seller in Q3 2018 was AJO LP, an estimated $67M sold.
Based on aggregated 13F filings for Q3 2018.