International General Insurance
IGIC
29 hedge funds and large institutions have $92.6M invested in International General Insurance in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
21% more funds holding
Funds holding: 24 → 29 (+5)
6% more capital invested
Capital invested by funds: $87.6M → $92.6M (+$4.95M)
3.1% more ownership
Funds ownership: 40.35% → 43.45% (+3.1%)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
+$10M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$4.5M |
| 3 |
MSU
Mizuho Securities USA
New York
|
+$4.01M |
| 4 |
CI
Cowen Inc
New York
|
+$2.36M |
| 5 |
JG
Jefferies Group
New York
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$10.9M |
| 2 |
OCAM
Owl Creek Asset Management
New York
|
-$2.53M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$2.43M |
| 4 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$1.29M |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$1,000K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $9K | – | – | – |
|
|
BI
27
Bulldog Investors
Saddle Brook,
New Jersey
| $1.6K | -$50.6K | -5,000 | -3% |
|
|
RCM
28
Rivernorth Capital Management
West Palm Beach,
Florida
| $1.27K | – | – | – |
|
29
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$277K | -27,493 | Closed |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| – | -$81 | -8 | -14% |
|
IGIC Hedge Fund Activity: Q2 2019 in Review
29 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in International General Insurance (IGIC) for Q2 2019, worth a combined $92.6M — up 5.7% from $87.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new IGIC positions and 1 closed out — a net gain of 5 holders — while 5 added to existing stakes and 9 trimmed.
The largest buyer was Linden Advisors, opening a new position worth an estimated $10M. The largest seller was HGC Investment Management, cutting an estimated $10.9M.
- 29 institutional investors held International General Insurance (IGIC) as of Q2 2019, up from 24 in Q1 2019.
- Funds reported $92.6M of International General Insurance stock for Q2 2019, up 5.7% quarter-over-quarter.
- 6 funds opened new International General Insurance positions in Q2 2019 and 1 closed out, a net change of +5 holders.
- The largest International General Insurance buyer in Q2 2019 was Linden Advisors, an estimated $10M added.
- The largest International General Insurance seller in Q2 2019 was HGC Investment Management, an estimated $10.9M sold.
Based on aggregated 13F filings for Q2 2019.