Open Lending Corp
LPRO
35 hedge funds and large institutions have $190M invested in Open Lending Corp in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 2 reducing their positions, and 3 closing their positions.
450% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 2
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
14% more capital invested
Capital invested by funds: $166M → $190M (+$23.9M)
7.96% more ownership
Funds ownership: 59.77% → 67.73% (+8%)
3% more funds holding
Funds holding: 34 → 35 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$23.6M |
| 2 |
FCIM
Fairview Capital Investment Management
Greenbrae,
California
|
+$12.9M |
| 3 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$11.7M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$4.68M |
| 5 |
LP
LMR Partners
London,
United Kingdom
|
+$4.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
-$15.1M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$13.2M |
| 3 |
SAM
Sycomore Asset Management
Paris,
France
|
-$10.2M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.29M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
26
Tenor Capital Management
New York
| $1.53M | – | – | – |
|
|
PCR
27
Potrero Capital Research
San Francisco,
California
| $1.02M | – | – | – |
|
|
BCM
28
BlueCrest Capital Management
St Helier,
Jersey
| $1.02M | +$1.02M | +100,000 | New |
|
|
WAM
29
Weiss Asset Management
Boston,
Massachusetts
| $571K | – | – | – |
|
|
AC
30
Aristeia Capital
Greenwich,
Connecticut
| $520K | – | – | – |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $309K | +$308K | +30,300 | New |
|
|
GI
32
GAMCO Investors
Greenwich,
Connecticut
| $187K | +$67.8K | +6,666 | +57% |
|
|
BCM
33
Basso Capital Management
Stamford,
Connecticut
| $182K | +$61.9K | +6,085 | +52% |
|
34
UBS Group
Zurich,
Switzerland
| $10K | – | – | – |
|
35
Morgan Stanley
New York
| $10K | +$9.76K | +960 | +1,455% |
|
|
ACPU
36
Arrowgrass Capital Partners (US)
Dover,
Delaware
| – | -$15.1M | -1,500,000 | Closed |
|
|
HCM
37
Highbridge Capital Management
New York
| – | -$13.2M | -1,309,021 | Closed |
|
|
38
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$5.29M | -524,253 | Closed |
|
LPRO Hedge Fund Activity: Q3 2019 in Review
35 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Open Lending Corp (LPRO) for Q3 2019, worth a combined $190M — up 14% from $166M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new LPRO positions and 3 closed out — a net gain of 2 holders — while 11 added to existing stakes and 2 trimmed.
The largest buyer was Glazer Capital LLC, adding an estimated $23.6M. The largest seller was Arrowgrass Capital Partners (US), exiting entirely with an estimated $15.1M sold.
- 35 institutional investors held Open Lending Corp (LPRO) as of Q3 2019, up from 34 in Q2 2019.
- Funds reported $190M of Open Lending Corp stock for Q3 2019, up 14% quarter-over-quarter.
- 5 funds opened new Open Lending Corp positions in Q3 2019 and 3 closed out, a net change of +2 holders.
- The largest Open Lending Corp buyer in Q3 2019 was Glazer Capital LLC, an estimated $23.6M added.
- The largest Open Lending Corp seller in Q3 2019 was Arrowgrass Capital Partners (US), an estimated $15.1M sold.
Based on aggregated 13F filings for Q3 2019.