Liquidity Services
LQDT
123 hedge funds and large institutions have $103M invested in Liquidity Services in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 55 increasing their positions, 35 reducing their positions, and 17 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
57% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 35
6% less funds holding
Funds holding: 131 → 123 (-8)
24% less capital invested
Capital invested by funds: $135M → $103M (-$31.9M)
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
72% less call options, than puts
Call options by funds: $11K | Put options by funds: $39K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HAM
Harber Asset Management
Asheville,
North Carolina
|
+$6.35M |
| 2 |
SCA
STALEY CAPITAL ADVISERS
Pittsburgh,
Pennsylvania
|
+$1.98M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.96M |
| 4 |
D.E. Shaw & Co
New York
|
+$1.68M |
| 5 |
Renaissance Technologies
New York
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$5.75M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.55M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.49M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$1.48M |
| 5 |
Morgan Stanley
New York
|
-$1.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
126
Highbridge Capital Management
New York
| – | -$622K | -95,643 | Closed |
|
|
EGA
127
Eagle Global Advisors
Houston,
Texas
| – | -$599K | -92,200 | Closed |
|
|
PP
128
PDT Partners
New York
| – | -$486K | -74,800 | Closed |
|
|
AIM
129
Alambic Investment Management
Belvedere,
California
| – | -$468K | -72,000 | Closed |
|
|
LA
130
Lucus Advisors
New York
| – | -$381K | -58,563 | Closed |
|
131
Wellington Management Group
Boston,
Massachusetts
| – | -$164K | -25,298 | Closed |
|
|
SCA
132
Secor Capital Advisors
New York
| – | -$135K | -20,699 | Closed |
|
|
EMG
133
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$94K | -14,419 | Closed |
|
|
PAM
134
Princeton Alpha Management
Princeton Junction,
New Jersey
| – | -$75K | -11,571 | Closed |
|
|
JMPWA
135
JP Morgan Private Wealth Advisors
San Francisco,
California
| – | -$72K | -11,000 | Closed |
|
|
MCM
136
Manchester Capital Management
Manchester,
Vermont
| – | -$28K | -2,100 | Closed |
|
|
QT
137
Quantbot Technologies
New York
| – | -$1K | -300 | Closed |
|
LQDT Hedge Fund Activity: Q1 2016 in Review
123 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Liquidity Services (LQDT) for Q1 2016, worth a combined $103M — down 24% from $135M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of LQDT and 10 opened new positions — a net loss of 7 holders — while 35 trimmed existing stakes and 55 added.
The largest buyer was Harber Asset Management, adding an estimated $6.35M. The largest seller was Numeric Investors, exiting entirely with an estimated $5.75M sold.
- 123 institutional investors held Liquidity Services (LQDT) as of Q1 2016, down from 131 in Q4 2015.
- Funds reported $103M of Liquidity Services stock for Q1 2016, down 24% quarter-over-quarter.
- 10 funds opened new Liquidity Services positions in Q1 2016 and 17 closed out, a net change of -7 holders.
- The largest Liquidity Services buyer in Q1 2016 was Harber Asset Management, an estimated $6.35M added.
- The largest Liquidity Services seller in Q1 2016 was Numeric Investors, an estimated $5.75M sold.
Based on aggregated 13F filings for Q1 2016.