Herc Holdings
255 hedge funds and large institutions have $4.17B invested in Herc Holdings in 2016 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 92 increasing their positions, 96 reducing their positions, and 116 closing their positions.
18% more call options, than puts
Call options by funds: $55.9M | Put options by funds: $47.5M
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
4% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 96
4% less capital invested
Capital invested by funds: $4.35B → $4.17B (-$182M)
6.71% less ownership
Funds ownership: 32.73% → 26.01% (-6.7%)
23% less funds holding
Funds holding: 331 → 255 (-76)
63% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 116
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$91.2M |
| 2 |
GCM
Glenview Capital Management
New York
|
+$50.8M |
| 3 |
Renaissance Technologies
New York
|
+$40M |
| 4 |
GC
Greenlight Capital
New York
|
+$31.6M |
| 5 |
TCP
Tourbillon Capital Partners
New York
|
+$31.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
-$568M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$84.6M |
| 3 |
Jennison Associates
New York
|
-$78.5M |
| 4 |
Morgan Stanley
New York
|
-$57.7M |
| 5 |
Coatue Management
New York
|
-$54.5M |
HRI Hedge Fund Activity: Q2 2016 in Review
255 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q2 2016, worth a combined $4.17B — down 4.2% from $4.35B a quarter earlier.
Sellers outnumbered buyers: 116 funds closed out of HRI and 43 opened new positions — a net loss of 73 holders — while 96 trimmed existing stakes and 92 added.
The largest buyer was Highfields Capital Management, adding an estimated $91.2M. The largest seller was Icahn Carl, cutting an estimated $568M.
- 255 institutional investors held Herc Holdings (HRI) as of Q2 2016, down from 331 in Q1 2016.
- Funds reported $4.17B of Herc Holdings stock for Q2 2016, down 4.2% quarter-over-quarter.
- 43 funds opened new Herc Holdings positions in Q2 2016 and 116 closed out, a net change of -73 holders.
- The largest Herc Holdings buyer in Q2 2016 was Highfields Capital Management, an estimated $91.2M added.
- The largest Herc Holdings seller in Q2 2016 was Icahn Carl, an estimated $568M sold.
Based on aggregated 13F filings for Q2 2016.