HOVNANIAN ENTERPRISES INC UNIT 1 COM & 1 SR SUB NT
HOVU
HOVU was delisted on the 14th of February, 2014.
13 hedge funds and large institutions have $22.7M invested in HOVNANIAN ENTERPRISES INC UNIT 1 COM & 1 SR SUB NT in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 2 closing their positions.
51% more capital invested
Capital invested by funds: $15M → $22.7M (+$7.7M)
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
8% more funds holding
Funds holding: 12 → 13 (+1)
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOAM
Vertex One Asset Management
Vancouver,
British Columbia, Canada
|
+$546K |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$42.5K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$18.6K |
| 4 |
NES
New England Securities
New York
|
+$573 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
-$818K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$455K |
| 3 |
Citigroup
New York
|
-$13K |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$9.47K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$9.06K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Loomis, Sayles & Company
Boston,
Massachusetts
| $9.35M | – | – | – |
|
|
RA
2
Royce & Associates
New York
| $3.08M | -$818K | -30,000 | -21% |
|
|
AC
3
Aristeia Capital
Greenwich,
Connecticut
| $2.83M | – | – | – |
|
4
Wells Fargo
San Francisco,
California
| $2.42M | – | – | – |
|
|
5
Lord, Abbett & Co
Jersey City,
New Jersey
| $2.11M | +$42.5K | +1,558 | +2% |
|
|
WAM
6
Wolverine Asset Management
Chicago,
Illinois
| $1.77M | -$455K | -16,685 | -20% |
|
7
AQR Capital Management
Greenwich,
Connecticut
| $537K | – | – | – |
|
|
VOAM
8
Vertex One Asset Management
Vancouver,
British Columbia, Canada
| $531K | +$546K | +20,000 | New |
|
|
TRCT
9
Tower Research Capital (TRC)
New York
| $18K | +$18.6K | +681 | New |
|
|
U
10
UBS
Zurich,
Switzerland
| $10K | -$9.47K | -347 | -48% |
|
|
11
Citadel Advisors
Miami,
Florida
| $5K | -$9.06K | -332 | -62% |
|
12
Barclays
London,
United Kingdom
| $4K | -$1.66K | -61 | -30% |
|
|
NES
13
New England Securities
New York
| $1K | +$573 | +21 | New |
|
|
14
Citigroup
New York
| – | -$13K | -465 | Closed |
|
15
Bank of America
Charlotte,
North Carolina
| – | -$1K | -39 | Closed |
|
HOVU Hedge Fund Activity: Q3 2013 in Review
13 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in HOVNANIAN ENTERPRISES INC UNIT 1 COM & 1 SR SUB NT (HOVU) for Q3 2013, worth a combined $22.7M — up 51% from $15M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new HOVU positions and 2 closed out — a net gain of 1 holder — while 1 added to existing stakes and 5 trimmed.
The largest buyer was Vertex One Asset Management, opening a new position worth an estimated $546K. The largest seller was Royce & Associates, cutting an estimated $818K.
- 13 institutional investors held HOVNANIAN ENTERPRISES INC UNIT 1 COM & 1 SR SUB NT (HOVU) as of Q3 2013, up from 12 in Q2 2013.
- Funds reported $22.7M of HOVNANIAN ENTERPRISES INC UNIT 1 COM & 1 SR SUB NT stock for Q3 2013, up 51% quarter-over-quarter.
- 3 funds opened new HOVNANIAN ENTERPRISES INC UNIT 1 COM & 1 SR SUB NT positions in Q3 2013 and 2 closed out, a net change of +1 holder.
- The largest HOVNANIAN ENTERPRISES INC UNIT 1 COM & 1 SR SUB NT buyer in Q3 2013 was Vertex One Asset Management, an estimated $546K added.
- The largest HOVNANIAN ENTERPRISES INC UNIT 1 COM & 1 SR SUB NT seller in Q3 2013 was Royce & Associates, an estimated $818K sold.
Based on aggregated 13F filings for Q3 2013.