InterContinental Hotels
98 hedge funds and large institutions have $498M invested in InterContinental Hotels in 2014 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 34 increasing their positions, 35 reducing their positions, and 14 closing their positions.
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
10% more funds holding
Funds holding: 89 → 98 (+9)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.18% less ownership
Funds ownership: 4.34% → 4.16% (-0.18%)
3% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 35
22% less capital invested
Capital invested by funds: $640M → $498M (-$142M)
62% less call options, than puts
Call options by funds: $468K | Put options by funds: $1.24M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TEC
Tiger Eye Capital
Nashville,
Tennessee
|
+$12.5M |
| 2 |
Jane Street
New York
|
+$9.08M |
| 3 |
AP
Appleton Partners
Boston,
Massachusetts
|
+$4.24M |
| 4 |
JP Morgan Chase
New York
|
+$3.64M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
-$66.1M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$21M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$6.45M |
| 4 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$5.37M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$5.17M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
N
101
Nuveen
Charlotte,
North Carolina
| – | -$947K | -21,974 | Closed |
|
102
Comerica Bank
Dallas,
Texas
| – | -$433K | -7,304 | Closed |
|
|
PAM
103
Panagora Asset Management
Boston,
Massachusetts
| – | -$344K | -5,802 | Closed |
|
|
CIM
104
Calvert Investment Management
Bethesda,
Maryland
| – | -$313K | -5,276 | Closed |
|
|
RCM
105
Reynolds Capital Management
Las Vegas,
Nevada
| – | -$208K | -3,498 | Closed |
|
|
WTB
106
Washington Trust Bank
Spokane,
Washington
| – | -$23K | -388 | Closed |
|
|
TRCT
107
Tower Research Capital (TRC)
New York
| – | -$18K | -304 | Closed |
|
|
LNB
108
Ledyard National Bank
| – | -$8K | -140 | Closed |
|
|
TAM
109
Tocqueville Asset Management
New York
| – | -$8K | -137 | Closed |
|
|
LIA
110
LS Investment Advisors
Bloomfield Hills,
Michigan
| – | -$5K | -91 | Closed |
|
111
Barclays
London,
United Kingdom
| – | -$3K | -56 | Closed |
|
|
FHA
112
First Horizon Advisors
Memphis,
Tennessee
| – | +$52 | +1 | +14% |
|
IHG Hedge Fund Activity: Q3 2014 in Review
98 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in InterContinental Hotels (IHG) for Q3 2014, worth a combined $498M — down 22% from $640M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new IHG positions and 14 closed out — a net gain of 9 holders — while 34 added to existing stakes and 35 trimmed.
The largest buyer was Tiger Eye Capital, opening a new position worth an estimated $12.5M. The largest seller was Vulcan Value Partners, cutting an estimated $66.1M.
- 98 institutional investors held InterContinental Hotels (IHG) as of Q3 2014, up from 89 in Q2 2014.
- Funds reported $498M of InterContinental Hotels stock for Q3 2014, down 22% quarter-over-quarter.
- 23 funds opened new InterContinental Hotels positions in Q3 2014 and 14 closed out, a net change of +9 holders.
- The largest InterContinental Hotels buyer in Q3 2014 was Tiger Eye Capital, an estimated $12.5M added.
- The largest InterContinental Hotels seller in Q3 2014 was Vulcan Value Partners, an estimated $66.1M sold.
Based on aggregated 13F filings for Q3 2014.