International General Insurance
IGIC
26 hedge funds and large institutions have $109M invested in International General Insurance in 2023 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 14 increasing their positions, 6 reducing their positions, and 4 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 6
12% more capital invested
Capital invested by funds: $97.5M → $109M (+$11.3M)
0.94% more ownership
Funds ownership: 26.45% → 27.39% (+0.94%)
13% less funds holding
Funds holding: 30 → 26 (-4)
46% less call options, than puts
Call options by funds: $245K | Put options by funds: $457K
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$4.56M |
| 2 |
RA
Royce & Associates
New York
|
+$1.4M |
| 3 |
Millennium Management
New York
|
+$542K |
| 4 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$379K |
| 5 |
Renaissance Technologies
New York
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$3.5M |
| 2 |
DC
Diametric Capital
Boston,
Massachusetts
|
-$411K |
| 3 |
PCM
Prelude Capital Management
New York
|
-$135K |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$121K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$33.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $80 | -$17.5K | -2,030 | -100% |
|
|
DC
27
Diametric Capital
Boston,
Massachusetts
| – | -$411K | -49,522 | Closed |
|
|
PCM
28
Prelude Capital Management
New York
| – | -$135K | -16,244 | Closed |
|
29
Osaic Holdings
Scottsdale,
Arizona
| – | -$22.1K | -2,665 | Closed |
|
|
PA
30
Parallel Advisors
San Francisco,
California
| – | -$11.1K | -1,336 | Closed |
|
IGIC Hedge Fund Activity: Q2 2023 in Review
26 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in International General Insurance (IGIC) for Q2 2023, worth a combined $109M — up 12% from $97.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of IGIC and 0 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 14 added.
The largest buyer was Bank of Montreal, adding an estimated $4.56M. The largest seller was Weiss Multi-Strategy Advisers, cutting an estimated $3.5M.
- 26 institutional investors held International General Insurance (IGIC) as of Q2 2023, down from 30 in Q1 2023.
- Funds reported $109M of International General Insurance stock for Q2 2023, up 12% quarter-over-quarter.
- 0 funds opened new International General Insurance positions in Q2 2023 and 4 closed out, a net change of -4 holders.
- The largest International General Insurance buyer in Q2 2023 was Bank of Montreal, an estimated $4.56M added.
- The largest International General Insurance seller in Q2 2023 was Weiss Multi-Strategy Advisers, an estimated $3.5M sold.
Based on aggregated 13F filings for Q2 2023.