Herc Holdings
177 hedge funds and large institutions have $1.4B invested in Herc Holdings in 2018 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 42 increasing their positions, 57 reducing their positions, and 32 closing their positions.
61% more call options, than puts
Call options by funds: $8.03M | Put options by funds: $4.98M
3% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 32
0.43% less ownership
Funds ownership: 96.26% → 95.82% (-0.43%)
1% less funds holding
Funds holding: 179 → 177 (-2)
9% less capital invested
Capital invested by funds: $1.54B → $1.4B (-$144M)
26% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 57
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$16.6M |
| 2 |
AC
Ascend Capital
Orinda,
California
|
+$14.9M |
| 3 |
WIC
Water Island Capital
New York
|
+$8.52M |
| 4 |
SC
Shellback Capital
Boston,
Massachusetts
|
+$8.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$7.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$25.8M |
| 2 |
GL
Governors Lane
New York
|
-$21.1M |
| 3 |
Millennium Management
New York
|
-$14.8M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.19M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$6.16M |
HRI Hedge Fund Activity: Q3 2018 in Review
177 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q3 2018, worth a combined $1.4B — down 9.3% from $1.54B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new HRI positions and 32 closed out — a net gain of 1 holder — while 42 added to existing stakes and 57 trimmed.
The largest buyer was PAR Capital Management, adding an estimated $16.6M. The largest seller was Highfields Capital Management, cutting an estimated $25.8M.
- 177 institutional investors held Herc Holdings (HRI) as of Q3 2018, down from 179 in Q2 2018.
- Funds reported $1.4B of Herc Holdings stock for Q3 2018, down 9.3% quarter-over-quarter.
- 33 funds opened new Herc Holdings positions in Q3 2018 and 32 closed out, a net change of +1 holder.
- The largest Herc Holdings buyer in Q3 2018 was PAR Capital Management, an estimated $16.6M added.
- The largest Herc Holdings seller in Q3 2018 was Highfields Capital Management, an estimated $25.8M sold.
Based on aggregated 13F filings for Q3 2018.