Herc Holdings
178 hedge funds and large institutions have $1.05B invested in Herc Holdings in 2019 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 40 increasing their positions, 62 reducing their positions, and 26 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
47% more capital invested
Capital invested by funds: $712M → $1.05B (+$335M)
19% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 26
2% more funds holding
Funds holding: 175 → 178 (+3)
2.1% less ownership
Funds ownership: 96.39% → 94.29% (-2.1%)
35% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 62
44% less call options, than puts
Call options by funds: $3.41M | Put options by funds: $6.05M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
ACK Asset Management
Greenwich,
Connecticut
|
+$14.4M |
| 2 |
NTCM
Nut Tree Capital Management
New York
|
+$14M |
| 3 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$6.55M |
| 4 |
SIM
Spark Investment Management
New York
|
+$6.35M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$6.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$11.9M |
| 2 |
Morgan Stanley
New York
|
-$7.48M |
| 3 |
GL
Governors Lane
New York
|
-$6.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$6.64M |
| 5 |
Millennium Management
New York
|
-$5.93M |
HRI Hedge Fund Activity: Q1 2019 in Review
178 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Herc Holdings (HRI) for Q1 2019, worth a combined $1.05B — up 47% from $712M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new HRI positions and 26 closed out — a net gain of 5 holders — while 40 added to existing stakes and 62 trimmed.
The largest buyer was ACK Asset Management, opening a new position worth an estimated $14.4M. The largest seller was Philadelphia Financial Management of San Francisco, exiting entirely with an estimated $11.9M sold.
- 178 institutional investors held Herc Holdings (HRI) as of Q1 2019, up from 175 in Q4 2018.
- Funds reported $1.05B of Herc Holdings stock for Q1 2019, up 47% quarter-over-quarter.
- 31 funds opened new Herc Holdings positions in Q1 2019 and 26 closed out, a net change of +5 holders.
- The largest Herc Holdings buyer in Q1 2019 was ACK Asset Management, an estimated $14.4M added.
- The largest Herc Holdings seller in Q1 2019 was Philadelphia Financial Management of San Francisco, an estimated $11.9M sold.
Based on aggregated 13F filings for Q1 2019.