Kelly Services Class A
KELYA
162 hedge funds and large institutions have $597M invested in Kelly Services Class A in 2018 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 62 increasing their positions, 58 reducing their positions, and 27 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 58
0.86% less ownership
Funds ownership: 76.08% → 75.23% (-0.86%)
8% less funds holding
Funds holding: 176 → 162 (-14)
23% less capital invested
Capital invested by funds: $773M → $597M (-$176M)
44% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 27
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$10.5M |
| 2 |
BlackRock
New York
|
+$7.55M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.59M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.09M |
| 5 |
Millennium Management
New York
|
+$2.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$6.25M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$5.01M |
| 3 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$4.18M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$2.62M |
| 5 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$2.32M |
KELYA Hedge Fund Activity: Q2 2018 in Review
162 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Kelly Services Class A (KELYA) for Q2 2018, worth a combined $597M — down 23% from $773M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of KELYA and 15 opened new positions — a net loss of 12 holders — while 58 trimmed existing stakes and 62 added.
The largest buyer was Royal Bank of Canada, adding an estimated $10.5M. The largest seller was Invesco, cutting an estimated $6.25M.
- 162 institutional investors held Kelly Services Class A (KELYA) as of Q2 2018, down from 176 in Q1 2018.
- Funds reported $597M of Kelly Services Class A stock for Q2 2018, down 23% quarter-over-quarter.
- 15 funds opened new Kelly Services Class A positions in Q2 2018 and 27 closed out, a net change of -12 holders.
- The largest Kelly Services Class A buyer in Q2 2018 was Royal Bank of Canada, an estimated $10.5M added.
- The largest Kelly Services Class A seller in Q2 2018 was Invesco, an estimated $6.25M sold.
Based on aggregated 13F filings for Q2 2018.