Jefferies Financial Group
422 hedge funds and large institutions have $6.47B invested in Jefferies Financial Group in 2014 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 158 increasing their positions, 150 reducing their positions, and 50 closing their positions.
2.43% more ownership
Funds ownership: 67.85% → 70.28% (+2.4%)
5% more repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 150
2% more capital invested
Capital invested by funds: $6.34B → $6.47B (+$122M)
5% less funds holding
Funds holding: 444 → 422 (-22)
8% less funds holding in top 10
Funds holding in top 10: 24 → 22 (-2)
36% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 50
80% less call options, than puts
Call options by funds: $7.99M | Put options by funds: $39.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
+$213M |
| 2 |
RL
Ruffer LLP
London,
United Kingdom
|
+$161M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$96.4M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$25.7M |
| 5 |
KCM
Kensico Capital Management
Greenwich,
Connecticut
|
+$20.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
-$55.9M |
| 2 |
FCM
Fairholme Capital Management
South Miami,
Florida
|
-$53M |
| 3 |
HK
Horizon Kinetics
New York
|
-$45.7M |
| 4 |
AR
Advisory Research
Chicago,
Illinois
|
-$28.6M |
| 5 |
MIH
Madison Investment Holdings
Madison,
Wisconsin
|
-$26.6M |
JEF Hedge Fund Activity: Q1 2014 in Review
422 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Jefferies Financial Group (JEF) for Q1 2014, worth a combined $6.47B — up 1.9% from $6.34B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of JEF and 32 opened new positions — a net loss of 18 holders — while 150 trimmed existing stakes and 158 added.
The largest buyer was Jana Partners, opening a new position worth an estimated $213M. The largest seller was Third Avenue Management, cutting an estimated $55.9M.
- 422 institutional investors held Jefferies Financial Group (JEF) as of Q1 2014, down from 444 in Q4 2013.
- Funds reported $6.47B of Jefferies Financial Group stock for Q1 2014, up 1.9% quarter-over-quarter.
- 32 funds opened new Jefferies Financial Group positions in Q1 2014 and 50 closed out, a net change of -18 holders.
- The largest Jefferies Financial Group buyer in Q1 2014 was Jana Partners, an estimated $213M added.
- The largest Jefferies Financial Group seller in Q1 2014 was Third Avenue Management, an estimated $55.9M sold.
Based on aggregated 13F filings for Q1 2014.