Hovnanian Enterprises
HOV
114 hedge funds and large institutions have $325M invested in Hovnanian Enterprises in 2014 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 37 increasing their positions, 36 reducing their positions, and 14 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
3% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 36
0.24% less ownership
Funds ownership: 2.16% → 1.93% (-0.24%)
3% less funds holding
Funds holding: 117 → 114 (-3)
21% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 14
55% less call options, than puts
Call options by funds: $14M | Put options by funds: $31.4M
77% less capital invested
Capital invested by funds: $1.41B → $325M (-$1.08B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$25.7M |
| 2 |
BCM
Brigade Capital Management
New York
|
+$3.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.37M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$2.2M |
| 5 |
RA
Royce & Associates
New York
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$42.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$7.64M |
| 3 |
ACG
Anchorage Capital Group
New York
|
-$7.09M |
| 4 |
AIM
Assured Investment Management
New York
|
-$5.74M |
| 5 |
AGCJ
Alden Global Capital (Jersey)
St. Helier,
Jersey
|
-$3.38M |
HOV Hedge Fund Activity: Q2 2014 in Review
114 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Hovnanian Enterprises (HOV) for Q2 2014, worth a combined $325M — down 77% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of HOV and 11 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 37 added.
The largest buyer was Citadel Advisors, adding an estimated $25.7M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $42.1M.
- 114 institutional investors held Hovnanian Enterprises (HOV) as of Q2 2014, down from 117 in Q1 2014.
- Funds reported $325M of Hovnanian Enterprises stock for Q2 2014, down 77% quarter-over-quarter.
- 11 funds opened new Hovnanian Enterprises positions in Q2 2014 and 14 closed out, a net change of -3 holders.
- The largest Hovnanian Enterprises buyer in Q2 2014 was Citadel Advisors, an estimated $25.7M added.
- The largest Hovnanian Enterprises seller in Q2 2014 was BNP Paribas Financial Markets, an estimated $42.1M sold.
Based on aggregated 13F filings for Q2 2014.