LightInTheBox
LITB
25 hedge funds and large institutions have $48.9M invested in LightInTheBox in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 10 closing their positions.
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
18% more call options, than puts
Call options by funds: $2.67M | Put options by funds: $2.26M
9% more funds holding
Funds holding: 23 → 25 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.36% less ownership
Funds ownership: 1.11% → 0.75% (-0.36%)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
44% less capital invested
Capital invested by funds: $87.9M → $48.9M (-$39M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$4.88M |
| 2 |
ZAM
Zenit Asset Management
Stockholm,
Sweden
|
+$821K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$659K |
| 4 |
Bank of New York Mellon
New York
|
+$629K |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$580K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$7.92M |
| 2 |
Tiger Global Management
New York
|
-$5.38M |
| 3 |
TP
TB Partners
Shanghai,
China
|
-$4M |
| 4 |
SPC
Standard Pacific Capital
San Francisco,
California
|
-$3.88M |
| 5 |
SCM
Sigma Capital Management
Stamford,
Connecticut
|
-$3.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GGHC
26
Gilder Gagnon Howe & Co
New York
| – | -$7.92M | -98,114 | Closed |
|
|
27
Tiger Global Management
New York
| – | -$5.38M | -66,667 | Closed |
|
|
SPC
28
Standard Pacific Capital
San Francisco,
California
| – | -$3.88M | -48,083 | Closed |
|
|
SCM
29
Sigma Capital Management
Stamford,
Connecticut
| – | -$3.8M | -47,055 | Closed |
|
30
Wellington Management Group
Boston,
Massachusetts
| – | -$2.81M | -34,738 | Closed |
|
|
TCM
31
TCS Capital Management
New York
| – | -$2.02M | -25,000 | Closed |
|
|
DCM
32
Driehaus Capital Management
Chicago,
Illinois
| – | -$884K | -10,950 | Closed |
|
33
Citadel Advisors
Miami,
Florida
| – | -$531K | -6,569 | Closed |
|
|
KCM
34
Kornitzer Capital Management
Shawnee Mission,
Kansas
| – | -$471K | -5,833 | Closed |
|
|
JGC
35
J. Goldman & Co
New York
| – | -$336K | -4,167 | Closed |
|
LITB Hedge Fund Activity: Q3 2013 in Review
25 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in LightInTheBox (LITB) for Q3 2013, worth a combined $48.9M — down 44% from $87.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new LITB positions and 10 closed out — a net gain of 3 holders — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Clough Capital Partners, opening a new position worth an estimated $4.88M. The largest seller was Gilder Gagnon Howe & Co, exiting entirely with an estimated $7.92M sold.
- 25 institutional investors held LightInTheBox (LITB) as of Q3 2013, up from 23 in Q2 2013.
- Funds reported $48.9M of LightInTheBox stock for Q3 2013, down 44% quarter-over-quarter.
- 13 funds opened new LightInTheBox positions in Q3 2013 and 10 closed out, a net change of +3 holders.
- The largest LightInTheBox buyer in Q3 2013 was Clough Capital Partners, an estimated $4.88M added.
- The largest LightInTheBox seller in Q3 2013 was Gilder Gagnon Howe & Co, an estimated $7.92M sold.
Based on aggregated 13F filings for Q3 2013.