Herc Holdings
480 hedge funds and large institutions have $11.6B invested in Herc Holdings in 2014 Q1 according to their latest regulatory filings, with 94 funds opening new positions, 188 increasing their positions, 154 reducing their positions, and 81 closing their positions.
32% more call options, than puts
Call options by funds: $290M | Put options by funds: $219M
22% more repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 154
16% more first-time investments, than exits
New positions opened: 94 | Existing positions closed: 81
1% more funds holding
Funds holding: 475 → 480 (+5)
0.2% more ownership
Funds ownership: 32.09% → 32.29% (+0.2%)
4% less capital invested
Capital invested by funds: $12B → $11.6B (-$438M)
25% less funds holding in top 10
Funds holding in top 10: 60 → 45 (-15)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Glenview Capital Management
New York
|
+$356M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
+$230M |
| 3 |
LCG
Luxor Capital Group
New York
|
+$149M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$108M |
| 5 |
JCAM
Jericho Capital Asset Management
New York
|
+$90.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
-$419M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$354M |
| 3 |
OCAM
Owl Creek Asset Management
New York
|
-$149M |
| 4 |
SIG
Senator Investment Group
New York
|
-$143M |
| 5 |
AC
Axon Capital
New York
|
-$143M |
HRI Hedge Fund Activity: Q1 2014 in Review
480 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q1 2014, worth a combined $11.6B — down 3.6% from $12B a quarter earlier.
Buyers outnumbered sellers: 94 funds opened new HRI positions and 81 closed out — a net gain of 13 holders — while 188 added to existing stakes and 154 trimmed.
The largest buyer was Glenview Capital Management, opening a new position worth an estimated $356M. The largest seller was UBS, cutting an estimated $419M.
- 480 institutional investors held Herc Holdings (HRI) as of Q1 2014, up from 475 in Q4 2013.
- Funds reported $11.6B of Herc Holdings stock for Q1 2014, down 3.6% quarter-over-quarter.
- 94 funds opened new Herc Holdings positions in Q1 2014 and 81 closed out, a net change of +13 holders.
- The largest Herc Holdings buyer in Q1 2014 was Glenview Capital Management, an estimated $356M added.
- The largest Herc Holdings seller in Q1 2014 was UBS, an estimated $419M sold.
Based on aggregated 13F filings for Q1 2014.