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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
28
Holders Change
-1
Holders Change %
-3.45%
% of All Funds
0.61%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
5
Reduced
8
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CWM
CIBC World Markets
New York
+$4.57M
2
PC
Periscope Capital
Ontario, Canada
+$1.02M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$873K
4
Verition Fund Management
Verition Fund Management
Connecticut
+$648K
5
Millennium Management
Millennium Management
New York
+$580K

Top Sellers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
-$4.54M
2
JG
Jefferies Group
New York
-$2.19M
3
BCM
Basso Capital Management
Connecticut
-$1.03M
4
AA
AQR Arbitrage
Connecticut
-$1.03M
5
PAM
Panagora Asset Management
Massachusetts
-$637K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
1
Bank of Montreal
Ontario, Canada
$14.3M – – –
OAM
2
Oxford Asset Management
United Kingdom
$11M – – –
LA
3
Linden Advisors
New York
$10.5M +$324K +31,600 +3%
PC
4
Periscope Capital
Ontario, Canada
$7.32M +$1.02M +99,819 +16%
MSU
5
Mizuho Securities USA
New York
$5.89M -$417K -40,616 -7%
Millennium Management
6
Millennium Management
New York
$5.71M +$580K +56,559 +11%
WCMNY
7
Westchester Capital Management (New York)
New York
$4.62M – – –
CWM
8
CIBC World Markets
New York
$4.56M +$4.57M +445,000 New
BCM
9
Basso Capital Management
Connecticut
$4.44M -$1.03M -100,209 -19%
CIM
10
Cowen Investment Management
New York
$4.1M +$4.11M +400,000 New
KIM
11
Karpus Investment Management
New York
$2.98M -$19K -1,850 -0.6%
PAMP
12
Polar Asset Management Partners
Ontario, Canada
$2.75M – – –
HIM
13
HGC Investment Management
Ontario, Canada
$2.7M – – –
AA
14
AQR Arbitrage
Connecticut
$2.05M -$1.03M -100,000 -33%
SCM
15
Shaolin Capital Management
Florida
$1.95M – – –
AIMCA
16
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.79M – – –
BI
17
Bulldog Investors
New Jersey
$1.54M -$73.7K -7,179 -5%
Goldman Sachs
18
Goldman Sachs
New York
$1.54M – – –
GCL
19
Glazer Capital LLC
New York
$1.38M -$20.3K -1,982 -1%
OCAM
20
Owl Creek Asset Management
New York
$1.02M – – –
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$948K +$873K +85,039 +1,134%
Verition Fund Management
22
Verition Fund Management
Connecticut
$648K +$648K +63,142 New
Walleye Trading
23
Walleye Trading
New York
$436K +$36.5K +3,552 +9%
NAM
24
Nexpoint Asset Management
Texas
$343K +$343K +33,394 New
UBS Group
25
UBS Group
Switzerland
$9K – – –
1
2

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.