Liquidity Services
LQDT
138 hedge funds and large institutions have $165M invested in Liquidity Services in 2014 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 50 increasing their positions, 36 reducing their positions, and 23 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 36
30% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 23
5% more funds holding
Funds holding: 132 → 138 (+6)
39% less call options, than puts
Call options by funds: $1.14M | Put options by funds: $1.86M
40% less capital invested
Capital invested by funds: $275M → $165M (-$111M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$3.18M |
| 2 |
Morgan Stanley
New York
|
+$2.31M |
| 3 |
JP Morgan Chase
New York
|
+$2.28M |
| 4 |
SCA
STALEY CAPITAL ADVISERS
Pittsburgh,
Pennsylvania
|
+$1.95M |
| 5 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MPMG
Minneapolis Portfolio Management Group
Wayzata,
Minnesota
|
-$8.88M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.78M |
| 3 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$3.63M |
| 4 |
DCM
Destrier Capital Management
New York
|
-$2.38M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$143K | -10,400 | Closed |
|
152
ProShare Advisors
Bethesda,
Maryland
| – | -$141K | -10,269 | Closed |
|
|
VLKIM
153
Van Lanschot Kempen Investment Management
Amsterdam,
Netherlands
| – | -$71K | -5,165 | Closed |
|
|
TRCT
154
Tower Research Capital (TRC)
New York
| – | -$39.5K | -3,628 | -99% |
|
155
BNP Paribas Financial Markets
Paris,
France
| – | -$28.6K | -2,078 | Closed |
|
|
MWP
156
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$13K | -930 | Closed |
|
157
Schroder Investment Management Group
London,
United Kingdom
| – | -$11K | -800 | Closed |
|
|
CG
158
Colony Group
Boston,
Massachusetts
| – | -$2K | -174 | Closed |
|
|
WEC
159
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$2.08K | -152 | Closed |
|
|
BRWA
160
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | +$44 | +4 | New |
|
LQDT Hedge Fund Activity: Q4 2014 in Review
138 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Liquidity Services (LQDT) for Q4 2014, worth a combined $165M — down 40% from $275M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new LQDT positions and 23 closed out — a net gain of 7 holders — while 50 added to existing stakes and 36 trimmed.
The largest buyer was Columbia Wanger Asset Management, adding an estimated $3.18M. The largest seller was Minneapolis Portfolio Management Group, exiting entirely with an estimated $8.88M sold.
- 138 institutional investors held Liquidity Services (LQDT) as of Q4 2014, up from 132 in Q3 2014.
- Funds reported $165M of Liquidity Services stock for Q4 2014, down 40% quarter-over-quarter.
- 30 funds opened new Liquidity Services positions in Q4 2014 and 23 closed out, a net change of +7 holders.
- The largest Liquidity Services buyer in Q4 2014 was Columbia Wanger Asset Management, an estimated $3.18M added.
- The largest Liquidity Services seller in Q4 2014 was Minneapolis Portfolio Management Group, an estimated $8.88M sold.
Based on aggregated 13F filings for Q4 2014.