Herc Holdings
382 hedge funds and large institutions have $9.95B invested in Herc Holdings in 2015 Q1 according to their latest regulatory filings, with 54 funds opening new positions, 161 increasing their positions, 114 reducing their positions, and 58 closing their positions.
41% more repeat investments, than reductions
Existing positions increased: 161 | Existing positions reduced: 114
1.9% more ownership
Funds ownership: 32.23% → 34.13% (+1.9%)
5% less call options, than puts
Call options by funds: $222M | Put options by funds: $233M
7% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 58
2% less funds holding
Funds holding: 389 → 382 (-7)
8% less capital invested
Capital invested by funds: $10.8B → $9.95B (-$836M)
26% less funds holding in top 10
Funds holding in top 10: 23 → 17 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
+$930M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$111M |
| 3 |
GCM
Glenview Capital Management
New York
|
+$89.1M |
| 4 |
Goldman Sachs
New York
|
+$77.5M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$50.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SRS Investment Management
New York
|
-$202M |
| 2 |
SCM
SAB Capital Management
New York
|
-$187M |
| 3 |
EC
Eminence Capital
New York
|
-$112M |
| 4 |
TP
Third Point
New York
|
-$106M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$85.3M |
HRI Hedge Fund Activity: Q1 2015 in Review
382 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q1 2015, worth a combined $9.95B — down 7.8% from $10.8B a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of HRI and 54 opened new positions — a net loss of 4 holders — while 114 trimmed existing stakes and 161 added.
The largest buyer was Jana Partners, opening a new position worth an estimated $930M. The largest seller was SRS Investment Management, cutting an estimated $202M.
- 382 institutional investors held Herc Holdings (HRI) as of Q1 2015, down from 389 in Q4 2014.
- Funds reported $9.95B of Herc Holdings stock for Q1 2015, down 7.8% quarter-over-quarter.
- 54 funds opened new Herc Holdings positions in Q1 2015 and 58 closed out, a net change of -4 holders.
- The largest Herc Holdings buyer in Q1 2015 was Jana Partners, an estimated $930M added.
- The largest Herc Holdings seller in Q1 2015 was SRS Investment Management, an estimated $202M sold.
Based on aggregated 13F filings for Q1 2015.