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International General Insurance
IGIC

16 hedge funds and large institutions have $38.9M invested in International General Insurance in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

49.03% less ownership

Funds ownership: 59.06% → 10.03% (-49%)

50% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 6

53% less funds holding

Funds holding: 34 → 16 (-18)

71% less capital invested

Capital invested by funds: $133M → $38.9M (-$94.2M)

77% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 22

Holders
16
Holders Change
-18
Holders Change %
-52.94%
% of All Funds
0.35%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
5
Increased
3
Reduced
6
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GGHC
Gilder Gagnon Howe & Co
New York
+$12.2M
2
ZDA
Zweig-DiMenna Associates
New York
+$7.19M
3
Franklin Resources
Franklin Resources
California
+$1.82M
4
HP
Harvey Partners
New York
+$1.49M
5
MRA
Mountain Road Advisors
New York
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$14.6M
2
LA
Linden Advisors
New York
-$10.9M
3
KC
Kepos Capital
New York
-$10.1M
4
PC
Periscope Capital
Ontario, Canada
-$8.04M
5
WCMNY
Westchester Capital Management (New York)
New York
-$4.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
YCM
26
Yakira Capital Management
Connecticut
– -$2.1M -200,000 Closed
AIMCA
27
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$1.82M -175,000 Closed
Hudson Bay Capital Management
28
Hudson Bay Capital Management
Connecticut
– -$1.82M -175,000 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
29
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$1.57M -150,000 Closed
CCA
30
Castle Creek Arbitrage
Colorado
– -$1.5M -143,200 Closed
AGM
31
Alpine Global Management
New York
– -$1.46M -140,000 Closed
RCM
32
Rivernorth Capital Management
Florida
– -$1.31M -125,000 Closed
PMAM
33
Picton Mahoney Asset Management
Ontario, Canada
– -$928K -106,800 Closed
BCM
34
Basso Capital Management
Connecticut
– -$659K -63,185 Closed
Stifel Financial
35
Stifel Financial
Missouri
– -$153K -14,705 Closed
UBS Group
36
UBS Group
Switzerland
– -$12K -1,215 -98%
Morgan Stanley
37
Morgan Stanley
New York
– -$13K -1,203 Closed
TRCT
38
Tower Research Capital (TRC)
New York
– -$4K -379 Closed
1
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IGIC Hedge Fund Activity: Q1 2020 in Review

16 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in International General Insurance (IGIC) for Q1 2020, worth a combined $38.9M — down 71% from $133M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of IGIC and 5 opened new positions — a net loss of 17 holders — while 6 trimmed existing stakes and 3 added.

The largest buyer was Gilder Gagnon Howe & Co, adding an estimated $12.2M. The largest seller was Bank of Montreal, exiting entirely with an estimated $14.6M sold.

  • 16 institutional investors held International General Insurance (IGIC) as of Q1 2020, down from 34 in Q4 2019.
  • Funds reported $38.9M of International General Insurance stock for Q1 2020, down 71% quarter-over-quarter.
  • 5 funds opened new International General Insurance positions in Q1 2020 and 22 closed out, a net change of -17 holders.
  • The largest International General Insurance buyer in Q1 2020 was Gilder Gagnon Howe & Co, an estimated $12.2M added.
  • The largest International General Insurance seller in Q1 2020 was Bank of Montreal, an estimated $14.6M sold.

Based on aggregated 13F filings for Q1 2020.