LightInTheBox
LITB
19 hedge funds and large institutions have $41M invested in LightInTheBox in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 12 closing their positions.
167% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 3
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
57% more call options, than puts
Call options by funds: $1.76M | Put options by funds: $1.12M
0.12% more ownership
Funds ownership: 0.75% → 0.86% (+0.12%)
16% less capital invested
Capital invested by funds: $48.9M → $41M (-$7.87M)
24% less funds holding
Funds holding: 25 → 19 (-6)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$4.55M |
| 2 |
ARTA
A.R.T. Advisors
New York
|
+$871K |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$352K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$336K |
| 5 |
Morgan Stanley
New York
|
+$241K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$5.54M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$4.04M |
| 3 |
AG
Ashmore Group
London,
United Kingdom
|
-$2.54M |
| 4 |
CII
CR Intrinsic Investors
Stamford,
Connecticut
|
-$2.26M |
| 5 |
ZAM
Zenit Asset Management
Stockholm,
Sweden
|
-$686K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TM
26
TigerShark Management
New York
| – | -$475K | -6,678 | Closed |
|
27
Credit Agricole
Montrouge Cedex,
France
| – | -$346K | -4,867 | Closed |
|
28
Ameriprise
Minneapolis,
Minnesota
| – | -$325K | -4,572 | Closed |
|
29
Jane Street
New York
| – | -$250K | -3,516 | Closed |
|
|
SCA
30
SAC Capital Advisors
Stamford,
Connecticut
| – | -$35K | -492 | Closed |
|
|
MFS
31
MSI Financial Services
Springfield,
Massachusetts
| – | -$2K | -33 | Closed |
|
LITB Hedge Fund Activity: Q4 2013 in Review
19 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in LightInTheBox (LITB) for Q4 2013, worth a combined $41M — down 16% from $48.9M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of LITB and 6 opened new positions — a net loss of 6 holders — while 3 trimmed existing stakes and 8 added.
The largest buyer was Fidelity International, opening a new position worth an estimated $4.55M. The largest seller was T. Rowe Price Associates, exiting entirely with an estimated $5.54M sold.
- 19 institutional investors held LightInTheBox (LITB) as of Q4 2013, down from 25 in Q3 2013.
- Funds reported $41M of LightInTheBox stock for Q4 2013, down 16% quarter-over-quarter.
- 6 funds opened new LightInTheBox positions in Q4 2013 and 12 closed out, a net change of -6 holders.
- The largest LightInTheBox buyer in Q4 2013 was Fidelity International, an estimated $4.55M added.
- The largest LightInTheBox seller in Q4 2013 was T. Rowe Price Associates, an estimated $5.54M sold.
Based on aggregated 13F filings for Q4 2013.