Installed Building Products
144 hedge funds and large institutions have $710M invested in Installed Building Products in 2016 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 49 increasing their positions, 38 reducing their positions, and 12 closing their positions.
200% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 12
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
34% more capital invested
Capital invested by funds: $529M → $710M (+$180M)
29% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 38
19% more funds holding
Funds holding: 121 → 144 (+23)
1.64% less ownership
Funds ownership: 63.77% → 62.13% (-1.6%)
99% less call options, than puts
Call options by funds: $3K | Put options by funds: $319K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$13M |
| 2 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$7.19M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$5.42M |
| 4 |
Millennium Management
New York
|
+$4.91M |
| 5 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
+$4.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$16.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$12.8M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$12.3M |
| 4 |
CCM
Corsair Capital Management
New York
|
-$5.7M |
| 5 |
RA
Royce & Associates
New York
|
-$5.33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ZCM
151
Zebra Capital Management
Stamford,
Connecticut
| – | -$377K | -14,175 | Closed |
|
|
CSS
152
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$115K | -4,315 | Closed |
|
|
CG
153
Cutler Group
San Francisco,
California
| – | -$18.2K | -587 | Closed |
|
|
CCM
154
Cupps Capital Management
Chicago,
Illinois
| – | -$9K | -373 | Closed |
|
|
QI
155
QS Investors
New York
| – | -$1K | -11 | Closed |
|
156
SEI Investments
Oaks,
Pennsylvania
| – | +$249 | +8 | New |
|
IBP Hedge Fund Activity: Q2 2016 in Review
144 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Installed Building Products (IBP) for Q2 2016, worth a combined $710M — up 34% from $529M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new IBP positions and 12 closed out — a net gain of 24 holders — while 49 added to existing stakes and 38 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $13M. The largest seller was UBS Group, cutting an estimated $16.6M.
- 144 institutional investors held Installed Building Products (IBP) as of Q2 2016, up from 121 in Q1 2016.
- Funds reported $710M of Installed Building Products stock for Q2 2016, up 34% quarter-over-quarter.
- 36 funds opened new Installed Building Products positions in Q2 2016 and 12 closed out, a net change of +24 holders.
- The largest Installed Building Products buyer in Q2 2016 was BlackRock Fund Advisors, an estimated $13M added.
- The largest Installed Building Products seller in Q2 2016 was UBS Group, an estimated $16.6M sold.
Based on aggregated 13F filings for Q2 2016.