Liquidity Services
LQDT
132 hedge funds and large institutions have $275M invested in Liquidity Services in 2014 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 56 reducing their positions, and 20 closing their positions.
4% less funds holding
Funds holding: 138 → 132 (-6)
22% less capital invested
Capital invested by funds: $354M → $275M (-$78.8M)
30% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 20
34% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 56
63% less call options, than puts
Call options by funds: $3.98M | Put options by funds: $10.9M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RR
Robotti Robert
|
+$6.21M |
| 2 |
Morgan Stanley
New York
|
+$5.4M |
| 3 |
DCM
Destrier Capital Management
New York
|
+$1.88M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.66M |
| 5 |
SCA
STALEY CAPITAL ADVISERS
Pittsburgh,
Pennsylvania
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$17.3M |
| 2 |
GAM
Gotham Asset Management
New York
|
-$10.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$5.51M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$4.81M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$4.25M |
LQDT Hedge Fund Activity: Q3 2014 in Review
132 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Liquidity Services (LQDT) for Q3 2014, worth a combined $275M — down 22% from $354M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of LQDT and 14 opened new positions — a net loss of 6 holders — while 56 trimmed existing stakes and 37 added.
The largest buyer was Robotti Robert, opening a new position worth an estimated $6.21M. The largest seller was Van Berkom & Associates, exiting entirely with an estimated $17.3M sold.
- 132 institutional investors held Liquidity Services (LQDT) as of Q3 2014, down from 138 in Q2 2014.
- Funds reported $275M of Liquidity Services stock for Q3 2014, down 22% quarter-over-quarter.
- 14 funds opened new Liquidity Services positions in Q3 2014 and 20 closed out, a net change of -6 holders.
- The largest Liquidity Services buyer in Q3 2014 was Robotti Robert, an estimated $6.21M added.
- The largest Liquidity Services seller in Q3 2014 was Van Berkom & Associates, an estimated $17.3M sold.
Based on aggregated 13F filings for Q3 2014.