International General Insurance
IGIC
28 hedge funds and large institutions have $94.5M invested in International General Insurance in 2019 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
2% more capital invested
Capital invested by funds: $92.6M → $94.5M (+$1.93M)
0.11% less ownership
Funds ownership: 43.45% → 43.34% (-0.11%)
3% less funds holding
Funds holding: 29 → 28 (-1)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
CIBC World Markets
New York
|
+$4.57M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$1.02M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$873K |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
+$648K |
| 5 |
Millennium Management
New York
|
+$580K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$4.54M |
| 2 |
JG
Jefferies Group
New York
|
-$2.19M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$1.03M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.03M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$637K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAM
26
Panagora Asset Management
Boston,
Massachusetts
| $8K | -$637K | -62,074 | -99% |
|
|
RCM
27
Rivernorth Capital Management
West Palm Beach,
Florida
| $1.28K | – | – | – |
|
|
WAM
28
Weiss Asset Management
Boston,
Massachusetts
| – | -$4.54M | -445,000 | Closed |
|
|
JG
29
Jefferies Group
New York
| – | -$2.19M | -215,000 | Closed |
|
30
Morgan Stanley
New York
| – | -$10K | -958 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$51 | -5 | -10% |
|
IGIC Hedge Fund Activity: Q3 2019 in Review
28 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in International General Insurance (IGIC) for Q3 2019, worth a combined $94.5M — up 2.1% from $92.6M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new IGIC positions and 3 closed out — a net gain of 1 holder — while 5 added to existing stakes and 8 trimmed.
The largest buyer was CIBC World Markets, opening a new position worth an estimated $4.57M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $4.54M sold.
- 28 institutional investors held International General Insurance (IGIC) as of Q3 2019, down from 29 in Q2 2019.
- Funds reported $94.5M of International General Insurance stock for Q3 2019, up 2.1% quarter-over-quarter.
- 4 funds opened new International General Insurance positions in Q3 2019 and 3 closed out, a net change of +1 holder.
- The largest International General Insurance buyer in Q3 2019 was CIBC World Markets, an estimated $4.57M added.
- The largest International General Insurance seller in Q3 2019 was Weiss Asset Management, an estimated $4.54M sold.
Based on aggregated 13F filings for Q3 2019.