Liquidity Services
LQDT
138 hedge funds and large institutions have $354M invested in Liquidity Services in 2014 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 51 increasing their positions, 40 reducing their positions, and 43 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 40
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less funds holding
Funds holding: 153 → 138 (-15)
35% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 43
39% less call options, than puts
Call options by funds: $4.56M | Put options by funds: $7.48M
57% less capital invested
Capital invested by funds: $817M → $354M (-$463M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$20.5M |
| 2 |
GAM
Gotham Asset Management
New York
|
+$10.6M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$8.58M |
| 4 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$5.99M |
| 5 |
SCA
STALEY CAPITAL ADVISERS
Pittsburgh,
Pennsylvania
|
+$5.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NSCM
New South Capital Management
Memphis,
Tennessee
|
-$63M |
| 2 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$29.4M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$24.1M |
| 4 |
WC
Weatherbie Capital
Boston,
Massachusetts
|
-$21.5M |
| 5 |
TI
Trigran Investments
Northbrook,
Illinois
|
-$20.7M |
LQDT Hedge Fund Activity: Q2 2014 in Review
138 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Liquidity Services (LQDT) for Q2 2014, worth a combined $354M — down 57% from $817M a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of LQDT and 28 opened new positions — a net loss of 15 holders — while 40 trimmed existing stakes and 51 added.
The largest buyer was Fidelity Investments, adding an estimated $20.5M. The largest seller was New South Capital Management, exiting entirely with an estimated $63M sold.
- 138 institutional investors held Liquidity Services (LQDT) as of Q2 2014, down from 153 in Q1 2014.
- Funds reported $354M of Liquidity Services stock for Q2 2014, down 57% quarter-over-quarter.
- 28 funds opened new Liquidity Services positions in Q2 2014 and 43 closed out, a net change of -15 holders.
- The largest Liquidity Services buyer in Q2 2014 was Fidelity Investments, an estimated $20.5M added.
- The largest Liquidity Services seller in Q2 2014 was New South Capital Management, an estimated $63M sold.
Based on aggregated 13F filings for Q2 2014.