Herc Holdings
HRI
389 hedge funds and large institutions have $10.8B invested in Herc Holdings in 2014 Q4 according to their latest regulatory filings, with 73 funds opening new positions, 128 increasing their positions, 145 reducing their positions, and 85 closing their positions.
66% more call options, than puts
Call options by funds: $584M | Put options by funds: $352M
1.53% less ownership
Funds ownership: 33.76% → 32.23% (-1.5%)
4% less funds holding
Funds holding: 407 → 389 (-18)
6% less capital invested
Capital invested by funds: $11.5B → $10.8B (-$732M)
12% less repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 145
14% less first-time investments, than exits
New positions opened: 73 | Existing positions closed: 85
23% less funds holding in top 10
Funds holding in top 10: 30 → 23 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
+$296M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$163M |
| 3 |
IIM
Ivory Investment Management
New York
|
+$108M |
| 4 |
TP
Third Point
New York
|
+$95.7M |
| 5 |
EC
Eminence Capital
New York
|
+$88.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
-$279M |
| 2 |
JCMLC
JAT Capital Management LP (Connecticut)
Greenwich,
Connecticut
|
-$196M |
| 3 |
Citigroup
New York
|
-$176M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$116M |
| 5 |
SIM
SRS Investment Management
New York
|
-$113M |
HRI Hedge Fund Activity: Q4 2014 in Review
389 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q4 2014, worth a combined $10.8B — down 6.4% from $11.5B a quarter earlier.
Sellers outnumbered buyers: 85 funds closed out of HRI and 73 opened new positions — a net loss of 12 holders — while 145 trimmed existing stakes and 128 added.
The largest buyer was Icahn Carl, adding an estimated $296M. The largest seller was Jana Partners, exiting entirely with an estimated $279M sold.
- 389 institutional investors held Herc Holdings (HRI) as of Q4 2014, down from 407 in Q3 2014.
- Funds reported $10.8B of Herc Holdings stock for Q4 2014, down 6.4% quarter-over-quarter.
- 73 funds opened new Herc Holdings positions in Q4 2014 and 85 closed out, a net change of -12 holders.
- The largest Herc Holdings buyer in Q4 2014 was Icahn Carl, an estimated $296M added.
- The largest Herc Holdings seller in Q4 2014 was Jana Partners, an estimated $279M sold.
Based on aggregated 13F filings for Q4 2014.