Labcorp
696 hedge funds and large institutions have $12.1B invested in Labcorp in 2016 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 227 increasing their positions, 257 reducing their positions, and 56 closing their positions.
59% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 56
4% more funds holding
Funds holding: 672 → 696 (+24)
3% more call options, than puts
Call options by funds: $31.3M | Put options by funds: $30.4M
2.43% less ownership
Funds ownership: 108.85% → 106.42% (-2.4%)
7% less capital invested
Capital invested by funds: $13B → $12.1B (-$864M)
11% less funds holding in top 10
Funds holding in top 10: 18 → 16 (-2)
12% less repeat investments, than reductions
Existing positions increased: 227 | Existing positions reduced: 257
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$69.7M |
| 2 |
HM
HealthCor Management
New York
|
+$51.7M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$42.4M |
| 4 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$39.9M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$33.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$64.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$51.6M |
| 3 |
SC
Samlyn Capital
New York
|
-$49.1M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
-$44.7M |
| 5 |
AII
AGF Investments Inc
Toronto,
Ontario, Canada
|
-$43M |
LH Hedge Fund Activity: Q4 2016 in Review
696 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Labcorp (LH) for Q4 2016, worth a combined $12.1B — down 6.7% from $13B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new LH positions and 56 closed out — a net gain of 33 holders — while 227 added to existing stakes and 257 trimmed.
The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $69.7M. The largest seller was Bank of America, cutting an estimated $64.6M.
- 696 institutional investors held Labcorp (LH) as of Q4 2016, up from 672 in Q3 2016.
- Funds reported $12.1B of Labcorp stock for Q4 2016, down 6.7% quarter-over-quarter.
- 89 funds opened new Labcorp positions in Q4 2016 and 56 closed out, a net change of +33 holders.
- The largest Labcorp buyer in Q4 2016 was Balyasny Asset Management, an estimated $69.7M added.
- The largest Labcorp seller in Q4 2016 was Bank of America, an estimated $64.6M sold.
Based on aggregated 13F filings for Q4 2016.