Invesco Mortgage Capital
IVR
166 hedge funds and large institutions have $1.76B invested in Invesco Mortgage Capital in 2014 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 45 increasing their positions, 59 reducing their positions, and 21 closing their positions.
14% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 21
1% more funds holding
Funds holding: 164 → 166 (+2)
1.11% more ownership
Funds ownership: 5% → 6.1% (+1.1%)
9% less capital invested
Capital invested by funds: $1.94B → $1.76B (-$179M)
24% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 59
30% less call options, than puts
Call options by funds: $9.95M | Put options by funds: $14.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
+$105M |
| 2 |
Citigroup
New York
|
+$18M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$11.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$10.5M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$8.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$13.1M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$11.2M |
| 3 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$8.9M |
| 4 |
Two Sigma Investments
New York
|
-$8.5M |
| 5 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$7.86M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
176
Prelude Capital Management
New York
| – | -$247K | -1,685 | Closed |
|
|
SCM
177
Saba Capital Management
New York
| – | -$234K | -1,597 | Closed |
|
|
VAM
178
Visium Asset Management
New York
| – | -$219K | -1,494 | Closed |
|
|
GCA
179
Gideon Capital Advisors
New York
| – | -$211K | -1,440 | Closed |
|
|
PM
180
Parametrica Management
Wanchai,
Hong Kong
| – | -$179K | -1,218 | Closed |
|
181
KeyBank National Association
Cleveland,
Ohio
| – | -$159K | -1,085 | Closed |
|
182
Allianz Asset Management
Munich,
Germany
| – | -$118K | -806 | Closed |
|
|
PL
183
Parkwood LLC
Cleveland,
Ohio
| – | -$99K | -675 | Closed |
|
|
BPBT
184
Boston Private Bank & Trust
Boston,
Massachusetts
| – | -$27K | -185 | Closed |
|
|
ASN
185
Advisory Services Network
Atlanta,
Georgia
| – | -$11K | -72 | Closed |
|
|
ST
186
Somerset Trust
Somerset,
Pennsylvania
| – | -$5K | -33 | Closed |
|
|
BFEC
187
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$3K | -20 | Closed |
|
IVR Hedge Fund Activity: Q1 2014 in Review
166 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Invesco Mortgage Capital (IVR) for Q1 2014, worth a combined $1.76B — down 9.2% from $1.94B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new IVR positions and 21 closed out — a net gain of 3 holders — while 45 added to existing stakes and 59 trimmed.
The largest buyer was BNP Paribas Financial Markets, adding an estimated $105M. The largest seller was Morgan Stanley, cutting an estimated $13.1M.
- 166 institutional investors held Invesco Mortgage Capital (IVR) as of Q1 2014, up from 164 in Q4 2013.
- Funds reported $1.76B of Invesco Mortgage Capital stock for Q1 2014, down 9.2% quarter-over-quarter.
- 24 funds opened new Invesco Mortgage Capital positions in Q1 2014 and 21 closed out, a net change of +3 holders.
- The largest Invesco Mortgage Capital buyer in Q1 2014 was BNP Paribas Financial Markets, an estimated $105M added.
- The largest Invesco Mortgage Capital seller in Q1 2014 was Morgan Stanley, an estimated $13.1M sold.
Based on aggregated 13F filings for Q1 2014.