Herc Holdings
HRI
196 hedge funds and large institutions have $943M invested in Herc Holdings in 2016 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 23 increasing their positions, 115 reducing their positions, and 114 closing their positions.
72.9% more ownership
Funds ownership: 26.01% → 98.91% (+73%)
23% less funds holding
Funds holding: 255 → 196 (-59)
49% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 114
69% less call options, than puts
Call options by funds: $9.94M | Put options by funds: $31.7M
77% less capital invested
Capital invested by funds: $4.17B → $943M (-$3.22B)
80% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 115
100% less funds holding in top 10
Funds holding in top 10: 8 → 0 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Icahn Carl
Sunny Isles Beach,
Florida
|
+$96.5M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$21.2M |
| 3 |
PC
PointState Capital
New York
|
+$20.9M |
| 4 |
GP
GLG Partners
London,
United Kingdom
|
+$15.7M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Glenview Capital Management
New York
|
-$365M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$250M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$235M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$223M |
| 5 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$175M |
HRI Hedge Fund Activity: Q3 2016 in Review
196 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q3 2016, worth a combined $943M — down 77% from $4.17B a quarter earlier.
Sellers outnumbered buyers: 114 funds closed out of HRI and 58 opened new positions — a net loss of 56 holders — while 115 trimmed existing stakes and 23 added.
The largest buyer was Icahn Carl, adding an estimated $96.5M. The largest seller was Glenview Capital Management, exiting entirely with an estimated $365M sold.
- 196 institutional investors held Herc Holdings (HRI) as of Q3 2016, down from 255 in Q2 2016.
- Funds reported $943M of Herc Holdings stock for Q3 2016, down 77% quarter-over-quarter.
- 58 funds opened new Herc Holdings positions in Q3 2016 and 114 closed out, a net change of -56 holders.
- The largest Herc Holdings buyer in Q3 2016 was Icahn Carl, an estimated $96.5M added.
- The largest Herc Holdings seller in Q3 2016 was Glenview Capital Management, an estimated $365M sold.
Based on aggregated 13F filings for Q3 2016.