LGI Homes
LGIH
59 hedge funds and large institutions have $169M invested in LGI Homes in 2014 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 25 increasing their positions, 13 reducing their positions, and 11 closing their positions.
92% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 13
64% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 11
13% more funds holding
Funds holding: 52 → 59 (+7)
4% less capital invested
Capital invested by funds: $175M → $169M (-$6.27M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$6.75M |
| 2 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$2.32M |
| 3 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
+$2.23M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$2M |
| 5 |
CAM
Cubic Asset Management
Boston,
Massachusetts
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$11.9M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$3.12M |
| 3 |
GC
Gratia Capital
Los Angeles,
California
|
-$2.59M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$2.4M |
| 5 |
SH
Scepter Holdings
Fort Worth,
Texas
|
-$1.95M |
LGIH Hedge Fund Activity: Q1 2014 in Review
59 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in LGI Homes (LGIH) for Q1 2014, worth a combined $169M — down 3.6% from $175M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new LGIH positions and 11 closed out — a net gain of 7 holders — while 25 added to existing stakes and 13 trimmed.
The largest buyer was Wasatch Advisors, opening a new position worth an estimated $6.75M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $11.9M sold.
- 59 institutional investors held LGI Homes (LGIH) as of Q1 2014, up from 52 in Q4 2013.
- Funds reported $169M of LGI Homes stock for Q1 2014, down 3.6% quarter-over-quarter.
- 18 funds opened new LGI Homes positions in Q1 2014 and 11 closed out, a net change of +7 holders.
- The largest LGI Homes buyer in Q1 2014 was Wasatch Advisors, an estimated $6.75M added.
- The largest LGI Homes seller in Q1 2014 was Pine River Capital Management, an estimated $11.9M sold.
Based on aggregated 13F filings for Q1 2014.