Kelly Services Class A
KELYA
129 hedge funds and large institutions have $360M invested in Kelly Services Class A in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 55 increasing their positions, 34 reducing their positions, and 30 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 34
45% more call options, than puts
Call options by funds: $1.34M | Put options by funds: $924K
10% less capital invested
Capital invested by funds: $400M → $360M (-$40M)
13% less funds holding
Funds holding: 148 → 129 (-19)
63% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 30
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$10.2M |
| 2 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$6.81M |
| 3 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
+$5.66M |
| 4 |
JGC
J. Goldman & Co
New York
|
+$3.93M |
| 5 |
SRC
Shufro Rose & Co
New York
|
+$2.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$6.16M |
| 2 |
JP Morgan Chase
New York
|
-$4.89M |
| 3 |
MCC
Malaga Cove Capital
Pv Estates,
California
|
-$4.72M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$4.59M |
| 5 |
PCM
Piermont Capital Management
St. Louis,
Missouri
|
-$2.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMG
151
ProVise Management Group
Clearwater,
Florida
| – | -$232K | -13,500 | Closed |
|
152
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$206K | -12,000 | Closed |
|
|
AL
153
Airain Ltd
St. Peter Port,
Guernsey
| – | -$198K | -11,534 | Closed |
|
|
CSS
154
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$185K | -10,748 | Closed |
|
|
CONA
155
Capital One National Association
New York
| – | -$175K | -10,170 | Closed |
|
156
Acadian Asset Management
Boston,
Massachusetts
| – | -$163K | -9,522 | Closed |
|
|
HIM
157
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$45K | -2,600 | Closed |
|
|
IPC
158
Independent Portfolio Consultants
Boca Raton,
Florida
| – | -$19K | -1,135 | Closed |
|
159
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$12K | -670 | Closed |
|
KELYA Hedge Fund Activity: Q3 2014 in Review
129 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Kelly Services Class A (KELYA) for Q3 2014, worth a combined $360M — down 10% from $400M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of KELYA and 11 opened new positions — a net loss of 19 holders — while 34 trimmed existing stakes and 55 added.
The largest buyer was Invesco, adding an estimated $10.2M. The largest seller was Norges Bank, cutting an estimated $6.16M.
- 129 institutional investors held Kelly Services Class A (KELYA) as of Q3 2014, down from 148 in Q2 2014.
- Funds reported $360M of Kelly Services Class A stock for Q3 2014, down 10% quarter-over-quarter.
- 11 funds opened new Kelly Services Class A positions in Q3 2014 and 30 closed out, a net change of -19 holders.
- The largest Kelly Services Class A buyer in Q3 2014 was Invesco, an estimated $10.2M added.
- The largest Kelly Services Class A seller in Q3 2014 was Norges Bank, an estimated $6.16M sold.
Based on aggregated 13F filings for Q3 2014.