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Herc Holdings
HRI

475 hedge funds and large institutions have $12B invested in Herc Holdings in 2013 Q4 according to their latest regulatory filings, with 119 funds opening new positions, 142 increasing their positions, 178 reducing their positions, and 78 closing their positions.

New
Increased
Maintained
Reduced
Closed

139% more call options, than puts

Call options by funds: $307M | Put options by funds: $128M

94% more funds holding in top 10

Funds holding in top 10: 31 → 60 (+29)

53% more first-time investments, than exits

New positions opened: 119 | Existing positions closed: 78

24% more capital invested

Capital invested by funds: $9.71B → $12B (+$2.32B)

9% more funds holding

Funds holding: 437 → 475 (+38)

4.35% less ownership

Funds ownership: 36.43% → 32.09% (-4.3%)

20% less repeat investments, than reductions

Existing positions increased: 142 | Existing positions reduced: 178

Holders
475
Holders Change
+38
Holders Change %
+8.7%
% of All Funds
13.79%
Holding in Top 10
60
Holding in Top 10 Change
+29
Holding in Top 10 Change %
+93.55%
% of All Funds
1.74%
New
119
Increased
142
Reduced
178
Closed
78
Calls
$307M
Puts
$128M
Net Calls
+$178M
Net Calls Change
+$123M

Top Buyers

1
U
UBS
Switzerland
+$370M
2
SCM
SAB Capital Management
New York
+$183M
3
IAM
Iridian Asset Management
Connecticut
+$154M
4
TP
Third Point
New York
+$143M
5
AC
Axon Capital
New York
+$119M

Top Sellers

1
Wells Fargo
Wells Fargo
California
-$287M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$284M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$160M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$145M
5
SC
Sculptor Capital
New York
-$88.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$117M -$287M -4,019,978 -75%
MCM
27
Moore Capital Management
New York
$105M +$51.4M +719,143 +142%
CS
28
Credit Suisse
Switzerland
$102M +$47.4M +663,777 +127%
D.E. Shaw & Co
29
D.E. Shaw & Co
New York
$95.8M +$75.1M +1,051,331 +1,633%
VNIM
30
Vaughan Nelson Investment Management
Texas
$93.1M +$10.8M +151,858 +16%
1832 Asset Management
31
1832 Asset Management
Ontario, Canada
$87.8M +$18.5M +258,347 +34%
CPM
32
Chesapeake Partners Management
Maryland
$85.4M +$605K +8,470 +0.9%
Northern Trust
33
Northern Trust
Illinois
$83.7M +$4.08M +57,061 +6%
Morgan Stanley
34
Morgan Stanley
New York
$83.5M -$603K -8,440 -0.9%
SAM
35
Scopus Asset Management
New York
$83.3M -$7.38M -103,278 -10%
KIG
36
Kovitz Investment Group
Illinois
$82.3M +$68.5M +959,100 New
CRM
37
Cramer Rosenthal McGlynn
Connecticut
$77.9M +$64.8M +906,892 New
Jennison Associates
38
Jennison Associates
New York
$76M +$4.34M +60,819 +7%
BG
39
BlackRock Group
United Kingdom
$75M -$48.1K -674 -0.1%
Dimensional Fund Advisors
40
Dimensional Fund Advisors
Texas
$72.5M +$36.4K +509 +0.1%
SCM
41
Steadfast Capital Management
New York
$70.8M +$58.9M +824,683 New
BlackRock
42
BlackRock
New York
$70.3M +$40.7M +570,420 +229%
BFA
43
BlackRock Fund Advisors
California
$70.1M +$1.78M +24,868 +3%
RIG
44
Roosevelt Investment Group
New York
$68.2M -$16.1M -225,184 -22%
SCM
45
Sterling Capital Management
North Carolina
$67.3M +$56M +784,015 New
Norges Bank
46
Norges Bank
Norway
$67.3M -$17.8M -248,582 -24%
DCM
47
Discovery Capital Management
Connecticut
$63M -$2.55M -35,667 -5%
Geode Capital Management
48
Geode Capital Management
Massachusetts
$58.3M +$11.6M +162,219 +31%
BGIM
49
Brandywine Global Investment Management
Pennsylvania
$58.2M -$84.4M -1,182,098 -64%
SA
50
Smithwood Advisers
California
$57.2M – – –
1
2
3 4 5

HRI Hedge Fund Activity: Q4 2013 in Review

475 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q4 2013, worth a combined $12B — up 24% from $9.71B a quarter earlier.

Buyers outnumbered sellers: 119 funds opened new HRI positions and 78 closed out — a net gain of 41 holders — while 142 added to existing stakes and 178 trimmed.

The largest buyer was UBS, adding an estimated $370M. The largest seller was Wells Fargo, cutting an estimated $287M.

  • 475 institutional investors held Herc Holdings (HRI) as of Q4 2013, up from 437 in Q3 2013.
  • Funds reported $12B of Herc Holdings stock for Q4 2013, up 24% quarter-over-quarter.
  • 119 funds opened new Herc Holdings positions in Q4 2013 and 78 closed out, a net change of +41 holders.
  • The largest Herc Holdings buyer in Q4 2013 was UBS, an estimated $370M added.
  • The largest Herc Holdings seller in Q4 2013 was Wells Fargo, an estimated $287M sold.

Based on aggregated 13F filings for Q4 2013.