Herc Holdings
331 hedge funds and large institutions have $4.35B invested in Herc Holdings in 2016 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 132 increasing their positions, 94 reducing their positions, and 60 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 94
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
15% more call options, than puts
Call options by funds: $55.5M | Put options by funds: $48.4M
0.58% more ownership
Funds ownership: 32.14% → 32.73% (+0.58%)
8% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 60
2% less funds holding
Funds holding: 339 → 331 (-8)
29% less capital invested
Capital invested by funds: $6.1B → $4.35B (-$1.75B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
+$50.7M |
| 2 |
GCM
Glenview Capital Management
New York
|
+$44.1M |
| 3 |
AAM
Amerigo Asset Management
George Town,
Cayman Islands
|
+$38.7M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$31.2M |
| 5 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$28.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$216M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$93.5M |
| 3 |
YCMGA
York Capital Management Global Advisors
New York
|
-$59.7M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$59.4M |
| 5 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$58.3M |
HRI Hedge Fund Activity: Q1 2016 in Review
331 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q1 2016, worth a combined $4.35B — down 29% from $6.1B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of HRI and 55 opened new positions — a net loss of 5 holders — while 94 trimmed existing stakes and 132 added.
The largest buyer was Coatue Management, opening a new position worth an estimated $50.7M. The largest seller was Goldman Sachs, cutting an estimated $216M.
- 331 institutional investors held Herc Holdings (HRI) as of Q1 2016, down from 339 in Q4 2015.
- Funds reported $4.35B of Herc Holdings stock for Q1 2016, down 29% quarter-over-quarter.
- 55 funds opened new Herc Holdings positions in Q1 2016 and 60 closed out, a net change of -5 holders.
- The largest Herc Holdings buyer in Q1 2016 was Coatue Management, an estimated $50.7M added.
- The largest Herc Holdings seller in Q1 2016 was Goldman Sachs, an estimated $216M sold.
Based on aggregated 13F filings for Q1 2016.