Herc Holdings
382 hedge funds and large institutions have $9.9B invested in Herc Holdings in 2015 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 162 increasing their positions, 114 reducing their positions, and 58 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 114
5% less call options, than puts
Call options by funds: $222M | Put options by funds: $233M
9% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 58
2% less funds holding
Funds holding: 390 → 382 (-8)
2.07% less ownership
Funds ownership: 104.46% → 102.39% (-2.1%)
17% less capital inflows, than outflows
Capital inflows: $1.36B | Capital outflows: $1.63B
33% less funds holding in top 10
Funds holding in top 10: 24 → 16 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jana Partners
New York
|
+$155M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$111M |
| 3 |
Glenview Capital Management
New York
|
+$89.1M |
| 4 |
Goldman Sachs
New York
|
+$77.5M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$50.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRS Investment Management
New York
|
-$202M |
| 2 |
SCM
SAB Capital Management
New York
|
-$187M |
| 3 |
Eminence Capital
New York
|
-$112M |
| 4 |
Third Point
New York
|
-$106M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$85.3M |
HRI Hedge Fund Activity: Q1 2015 in Review
382 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q1 2015, worth a combined $9.9B — down 15% from $11.7B a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of HRI and 53 opened new positions — a net loss of 5 holders — while 114 trimmed existing stakes and 162 added.
The largest buyer was Jana Partners, adding an estimated $155M. The largest seller was SRS Investment Management, cutting an estimated $202M.
- 382 institutional investors held Herc Holdings (HRI) as of Q1 2015, down from 390 in Q4 2014.
- Funds reported $9.9B of Herc Holdings stock for Q1 2015, down 15% quarter-over-quarter.
- 53 funds opened new Herc Holdings positions in Q1 2015 and 58 closed out, a net change of -5 holders.
- The largest Herc Holdings buyer in Q1 2015 was Jana Partners, an estimated $155M added.
- The largest Herc Holdings seller in Q1 2015 was SRS Investment Management, an estimated $202M sold.
Based on aggregated 13F filings for Q1 2015.