LGI Homes
LGIH
167 hedge funds and large institutions have $969M invested in LGI Homes in 2017 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 48 increasing their positions, 62 reducing their positions, and 12 closing their positions.
192% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 12
20% more capital invested
Capital invested by funds: $809M → $969M (+$159M)
15% more funds holding
Funds holding: 145 → 167 (+22)
1.01% less ownership
Funds ownership: 93.44% → 92.43% (-1%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
23% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 62
31% less call options, than puts
Call options by funds: $9.82M | Put options by funds: $14.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$40.3M |
| 2 |
CGM
Capital Growth Management
Boston,
Massachusetts
|
+$11.1M |
| 3 |
SCP
Steamboat Capital Partners
Rye,
New York
|
+$7.04M |
| 4 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
+$5.06M |
| 5 |
AIM
Alambic Investment Management
Belvedere,
California
|
+$4.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$13.7M |
| 2 |
CP
Covalent Partners
Concord,
Massachusetts
|
-$11.9M |
| 3 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$11.4M |
| 4 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
-$9.27M |
| 5 |
GC
Gratia Capital
Los Angeles,
California
|
-$8.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Envestnet Asset Management
Chicago,
Illinois
| – | -$18K | -434 | Closed |
|
|
WAM
177
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | +$222 | +5 | New |
|
LGIH Hedge Fund Activity: Q3 2017 in Review
167 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in LGI Homes (LGIH) for Q3 2017, worth a combined $969M — up 20% from $809M a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new LGIH positions and 12 closed out — a net gain of 23 holders — while 48 added to existing stakes and 62 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $40.3M. The largest seller was Heartland Advisors, cutting an estimated $13.7M.
- 167 institutional investors held LGI Homes (LGIH) as of Q3 2017, up from 145 in Q2 2017.
- Funds reported $969M of LGI Homes stock for Q3 2017, up 20% quarter-over-quarter.
- 35 funds opened new LGI Homes positions in Q3 2017 and 12 closed out, a net change of +23 holders.
- The largest LGI Homes buyer in Q3 2017 was Fidelity Investments, an estimated $40.3M added.
- The largest LGI Homes seller in Q3 2017 was Heartland Advisors, an estimated $13.7M sold.
Based on aggregated 13F filings for Q3 2017.