Installed Building Products
61 hedge funds and large institutions have $245M invested in Installed Building Products in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 27 reducing their positions, and 21 closing their positions.
24% more capital invested
Capital invested by funds: $198M → $245M (+$47.1M)
2% more ownership
Funds ownership: 52.69% → 54.69% (+2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
18% less funds holding
Funds holding: 74 → 61 (-13)
30% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 27
62% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$25.2M |
| 2 |
GC
GMT Capital
Atlanta,
Georgia
|
+$8.82M |
| 3 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$3.33M |
| 4 |
RA
Royce & Associates
New York
|
+$2.64M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$7.7M |
| 2 |
BC
BHR Capital
New York
|
-$6.13M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.72M |
| 4 |
BCM
Basswood Capital Management
New York
|
-$1.52M |
| 5 |
SAM
Scopus Asset Management
New York
|
-$1.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AAP
76
Ardsley Advisory Partners
Stamford,
Connecticut
| – | -$153K | -12,500 | Closed |
|
|
PAM
77
Paradigm Asset Management
New York
| – | -$141K | -11,500 | Closed |
|
|
JC
78
JBF Capital
Aspen,
Colorado
| – | -$123K | -10,000 | Closed |
|
|
VFA
79
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$9K | -731 | Closed |
|
80
Group One Trading
Chicago,
Illinois
| – | -$6K | -470 | Closed |
|
81
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$3K | -220 | Closed |
|
|
TRCT
82
Tower Research Capital (TRC)
New York
| – | +$231 | +18 | New |
|
IBP Hedge Fund Activity: Q3 2014 in Review
61 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Installed Building Products (IBP) for Q3 2014, worth a combined $245M — up 24% from $198M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of IBP and 8 opened new positions — a net loss of 13 holders — while 27 trimmed existing stakes and 19 added.
The largest buyer was Invesco, opening a new position worth an estimated $25.2M. The largest seller was Millennium Management, exiting entirely with an estimated $7.7M sold.
- 61 institutional investors held Installed Building Products (IBP) as of Q3 2014, down from 74 in Q2 2014.
- Funds reported $245M of Installed Building Products stock for Q3 2014, up 24% quarter-over-quarter.
- 8 funds opened new Installed Building Products positions in Q3 2014 and 21 closed out, a net change of -13 holders.
- The largest Installed Building Products buyer in Q3 2014 was Invesco, an estimated $25.2M added.
- The largest Installed Building Products seller in Q3 2014 was Millennium Management, an estimated $7.7M sold.
Based on aggregated 13F filings for Q3 2014.