Ituran Location and Control
ITRN
34 hedge funds and large institutions have $111M invested in Ituran Location and Control in 2013 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
14% more capital invested
Capital invested by funds: $98.1M → $111M (+$13.3M)
10% more funds holding
Funds holding: 31 → 34 (+3)
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
|
+$5.3M |
| 2 |
PC
Polar Capital
London,
United Kingdom
|
+$2.19M |
| 3 |
Renaissance Technologies
New York
|
+$1.53M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$1.05M |
| 5 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$442K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$8.79M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$4.02M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$1.18M |
| 4 |
Jane Street
New York
|
-$367K |
| 5 |
Bank of New York Mellon
New York
|
-$228K |
ITRN Hedge Fund Activity: Q4 2013 in Review
34 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Ituran Location and Control (ITRN) for Q4 2013, worth a combined $111M — up 14% from $98.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ITRN positions and 4 closed out — a net gain of 3 holders — while 11 added to existing stakes and 8 trimmed.
The largest buyer was Vulcan Value Partners, adding an estimated $5.3M. The largest seller was Baupost Group, exiting entirely with an estimated $8.79M sold.
- 34 institutional investors held Ituran Location and Control (ITRN) as of Q4 2013, up from 31 in Q3 2013.
- Funds reported $111M of Ituran Location and Control stock for Q4 2013, up 14% quarter-over-quarter.
- 7 funds opened new Ituran Location and Control positions in Q4 2013 and 4 closed out, a net change of +3 holders.
- The largest Ituran Location and Control buyer in Q4 2013 was Vulcan Value Partners, an estimated $5.3M added.
- The largest Ituran Location and Control seller in Q4 2013 was Baupost Group, an estimated $8.79M sold.
Based on aggregated 13F filings for Q4 2013.