LoveSac
LOVE
119 hedge funds and large institutions have $434M invested in LoveSac in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 51 increasing their positions, 33 reducing their positions, and 40 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 33
35% more call options, than puts
Call options by funds: $10.6M | Put options by funds: $7.87M
1.76% less ownership
Funds ownership: 106.98% → 105.22% (-1.8%)
8% less capital invested
Capital invested by funds: $472M → $434M (-$37.7M)
16% less funds holding
Funds holding: 141 → 119 (-22)
55% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 40
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$14.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.6M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$4.91M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.5M |
| 5 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$3.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$9.62M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$5.15M |
| 3 |
Renaissance Technologies
New York
|
-$4.89M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$4.15M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$4.01M |
LOVE Hedge Fund Activity: Q2 2023 in Review
119 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in LoveSac (LOVE) for Q2 2023, worth a combined $434M — down 8% from $472M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of LOVE and 18 opened new positions — a net loss of 22 holders — while 33 trimmed existing stakes and 51 added.
The largest buyer was Intrinsic Edge Capital Management, opening a new position worth an estimated $14.2M. The largest seller was Millennium Management, cutting an estimated $9.62M.
- 119 institutional investors held LoveSac (LOVE) as of Q2 2023, down from 141 in Q1 2023.
- Funds reported $434M of LoveSac stock for Q2 2023, down 8% quarter-over-quarter.
- 18 funds opened new LoveSac positions in Q2 2023 and 40 closed out, a net change of -22 holders.
- The largest LoveSac buyer in Q2 2023 was Intrinsic Edge Capital Management, an estimated $14.2M added.
- The largest LoveSac seller in Q2 2023 was Millennium Management, an estimated $9.62M sold.
Based on aggregated 13F filings for Q2 2023.