IRSA Propiedades Comerciales S.A.
IRCP
IRCP was delisted on the 27th of May, 2022.
24 hedge funds and large institutions have $37M invested in IRSA Propiedades Comerciales S.A. in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 9 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
19% less capital invested
Capital invested by funds: $45.6M → $37M (-$8.52M)
25% less funds holding
Funds holding: 32 → 24 (-8)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Senvest Management
New York
|
+$2.34M |
| 2 |
6CM
683 Capital Management
New York
|
+$1.89M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$214K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$138K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$6.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCG
Rock Creek Group
Washington,
District of Columbia
|
-$5.73M |
| 2 |
VSI
Verde Servicos Internacionais
Sao Paulo,
Brazil
|
-$5.13M |
| 3 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
-$3.7M |
| 4 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$1.11M |
| 5 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$832K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VSI
26
Verde Servicos Internacionais
Sao Paulo,
Brazil
| – | -$5.13M | -1,220,909 | Closed |
|
|
NCM
27
Newfoundland Capital Management
Sao Paulo,
Brazil
| – | -$3.7M | -882,171 | Closed |
|
|
COLIM
28
City of London Investment Management
London,
United Kingdom
| – | -$480K | -111,528 | Closed |
|
29
BlackRock
New York
| – | -$74K | -17,476 | Closed |
|
|
ZIG
30
Zurich Insurance Group
Zurich,
Switzerland
| – | -$62K | -13,151 | Closed |
|
|
MAMNY
31
Marathon Asset Management (New York)
New York
| – | -$38K | -8,925 | Closed |
|
32
Acadian Asset Management
Boston,
Massachusetts
| – | -$31K | -7,336 | Closed |
|
IRCP Hedge Fund Activity: Q1 2019 in Review
24 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in IRSA Propiedades Comerciales S.A. (IRCP) for Q1 2019, worth a combined $37M — down 19% from $45.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of IRCP and 3 opened new positions — a net loss of 6 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was Senvest Management, adding an estimated $2.34M. The largest seller was Rock Creek Group, exiting entirely with an estimated $5.73M sold.
- 24 institutional investors held IRSA Propiedades Comerciales S.A. (IRCP) as of Q1 2019, down from 32 in Q4 2018.
- Funds reported $37M of IRSA Propiedades Comerciales S.A. stock for Q1 2019, down 19% quarter-over-quarter.
- 3 funds opened new IRSA Propiedades Comerciales S.A. positions in Q1 2019 and 9 closed out, a net change of -6 holders.
- The largest IRSA Propiedades Comerciales S.A. buyer in Q1 2019 was Senvest Management, an estimated $2.34M added.
- The largest IRSA Propiedades Comerciales S.A. seller in Q1 2019 was Rock Creek Group, an estimated $5.73M sold.
Based on aggregated 13F filings for Q1 2019.