Open Lending Corp
LPRO
34 hedge funds and large institutions have $166M invested in Open Lending Corp in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 1 closing their positions.
700% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
26% more funds holding
Funds holding: 27 → 34 (+7)
5% more capital invested
Capital invested by funds: $158M → $166M (+$8.34M)
2.39% more ownership
Funds ownership: 57.39% → 59.77% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
CIBC World Markets
New York
|
+$9.7M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$5.27M |
| 3 |
Millennium Management
New York
|
+$2.51M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.36M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Sycomore Asset Management
Paris,
France
|
-$12.1M |
| 2 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$4.63M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.61M |
| 4 |
CI
Cowen Inc
New York
|
-$578K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CI
26
Cowen Inc
New York
| $1.02M | -$578K | -57,452 | -36% |
|
|
PCR
27
Potrero Capital Research
San Francisco,
California
| $1.01M | – | – | – |
|
|
GCL
28
Glazer Capital LLC
New York
| $1.01M | +$1.01M | +100,000 | New |
|
|
WAM
29
Weiss Asset Management
Boston,
Massachusetts
| $565K | +$563K | +56,001 | New |
|
|
AC
30
Aristeia Capital
Greenwich,
Connecticut
| $515K | – | – | – |
|
|
BCM
31
Basso Capital Management
Stamford,
Connecticut
| $118K | -$4.63M | -460,604 | -98% |
|
|
GI
32
GAMCO Investors
Greenwich,
Connecticut
| $118K | +$117K | +11,653 | New |
|
33
UBS Group
Zurich,
Switzerland
| $10K | – | – | – |
|
34
Morgan Stanley
New York
| $1K | +$603 | +60 | +1,000% |
|
LPRO Hedge Fund Activity: Q2 2019 in Review
34 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Open Lending Corp (LPRO) for Q2 2019, worth a combined $166M — up 5.3% from $158M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new LPRO positions and 1 closed out — a net gain of 7 holders — while 6 added to existing stakes and 4 trimmed.
The largest buyer was CIBC World Markets, opening a new position worth an estimated $9.7M. The largest seller was Sycomore Asset Management, cutting an estimated $12.1M.
- 34 institutional investors held Open Lending Corp (LPRO) as of Q2 2019, up from 27 in Q1 2019.
- Funds reported $166M of Open Lending Corp stock for Q2 2019, up 5.3% quarter-over-quarter.
- 8 funds opened new Open Lending Corp positions in Q2 2019 and 1 closed out, a net change of +7 holders.
- The largest Open Lending Corp buyer in Q2 2019 was CIBC World Markets, an estimated $9.7M added.
- The largest Open Lending Corp seller in Q2 2019 was Sycomore Asset Management, an estimated $12.1M sold.
Based on aggregated 13F filings for Q2 2019.