Ituran Location and Control
ITRN
36 hedge funds and large institutions have $131M invested in Ituran Location and Control in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 7 reducing their positions, and 3 closing their positions.
114% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 7
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
17% more capital invested
Capital invested by funds: $111M → $131M (+$19.2M)
6% more funds holding
Funds holding: 34 → 36 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$1.7M |
| 2 |
Renaissance Technologies
New York
|
+$1.54M |
| 3 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$1.06M |
| 4 |
HAM
Harber Asset Management
Asheville,
North Carolina
|
+$441K |
| 5 |
DIA
Denver Investment Advisors
Denver,
Colorado
|
+$260K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$2.26M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.17M |
| 3 |
ACI
AMP Capital Investors
Sydney,
Australia
|
-$444K |
| 4 |
PC
Polar Capital
London,
United Kingdom
|
-$343K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$233K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TAM
26
Tocqueville Asset Management
New York
| $120K | +$29.5K | +1,291 | +37% |
|
|
AIG
27
American International Group
New York
| $94.8K | – | – | – |
|
28
Ameriprise
Minneapolis,
Minnesota
| $78K | +$71.2K | +3,114 | New |
|
29
Bank of America
Charlotte,
North Carolina
| $44K | -$21.5K | -939 | -35% |
|
30
Dimensional Fund Advisors
Austin,
Texas
| $42K | – | – | – |
|
31
Wells Fargo
San Francisco,
California
| $25K | -$1.9K | -83 | -8% |
|
32
Citigroup
New York
| $24K | +$21.7K | +951 | New |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| $23K | +$12.1K | +528 | +133% |
|
34
AllianceBernstein
Nashville,
Tennessee
| $2K | – | – | – |
|
35
Creative Planning
Overland Park,
Kansas
| $2K | +$2.06K | +90 | New |
|
|
ACI
36
AMP Capital Investors
Sydney,
Australia
| – | -$444K | -20,799 | Closed |
|
|
37
Northern Trust
Chicago,
Illinois
| – | -$233K | -10,755 | Closed |
|
38
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -59 | Closed |
|
ITRN Hedge Fund Activity: Q1 2014 in Review
36 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Ituran Location and Control (ITRN) for Q1 2014, worth a combined $131M — up 17% from $111M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ITRN positions and 3 closed out — a net gain of 2 holders — while 15 added to existing stakes and 7 trimmed.
The largest buyer was Vulcan Value Partners, adding an estimated $1.7M. The largest seller was Bank of New York Mellon, cutting an estimated $2.26M.
- 36 institutional investors held Ituran Location and Control (ITRN) as of Q1 2014, up from 34 in Q4 2013.
- Funds reported $131M of Ituran Location and Control stock for Q1 2014, up 17% quarter-over-quarter.
- 5 funds opened new Ituran Location and Control positions in Q1 2014 and 3 closed out, a net change of +2 holders.
- The largest Ituran Location and Control buyer in Q1 2014 was Vulcan Value Partners, an estimated $1.7M added.
- The largest Ituran Location and Control seller in Q1 2014 was Bank of New York Mellon, an estimated $2.26M sold.
Based on aggregated 13F filings for Q1 2014.