Herc Holdings
175 hedge funds and large institutions have $712M invested in Herc Holdings in 2018 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 64 increasing their positions, 43 reducing their positions, and 35 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
51% more call options, than puts
Call options by funds: $10.6M | Put options by funds: $7.06M
49% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 43
0.56% more ownership
Funds ownership: 95.82% → 96.39% (+0.56%)
0% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 35
1% less funds holding
Funds holding: 177 → 175 (-2)
49% less capital invested
Capital invested by funds: $1.4B → $712M (-$685M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$16M |
| 2 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
+$13.2M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$11.2M |
| 4 |
Renaissance Technologies
New York
|
+$10.8M |
| 5 |
SIM
Spark Investment Management
New York
|
+$8.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$97.7M |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$27.9M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$21M |
| 4 |
Bank of New York Mellon
New York
|
-$17.8M |
| 5 |
SC
Shellback Capital
Boston,
Massachusetts
|
-$16.6M |
HRI Hedge Fund Activity: Q4 2018 in Review
175 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q4 2018, worth a combined $712M — down 49% from $1.4B a quarter earlier.
Fund positioning in HRI was balanced in Q4 2018: 35 funds opened new positions, 35 closed out, 64 added to existing stakes and 43 trimmed.
The largest buyer was Philadelphia Financial Management of San Francisco, opening a new position worth an estimated $16M. The largest seller was PAR Capital Management, exiting entirely with an estimated $97.7M sold.
- 175 institutional investors held Herc Holdings (HRI) as of Q4 2018, down from 177 in Q3 2018.
- Funds reported $712M of Herc Holdings stock for Q4 2018, down 49% quarter-over-quarter.
- 35 funds opened new Herc Holdings positions in Q4 2018 and 35 closed out, a net change of 0 holders.
- The largest Herc Holdings buyer in Q4 2018 was Philadelphia Financial Management of San Francisco, an estimated $16M added.
- The largest Herc Holdings seller in Q4 2018 was PAR Capital Management, an estimated $97.7M sold.
Based on aggregated 13F filings for Q4 2018.