Liquidity Services
LQDT
144 hedge funds and large institutions have $164M invested in Liquidity Services in 2015 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 62 increasing their positions, 35 reducing their positions, and 14 closing their positions.
86% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 14
77% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 35
15% more call options, than puts
Call options by funds: $441K | Put options by funds: $383K
7% more funds holding
Funds holding: 134 → 144 (+10)
20% less capital invested
Capital invested by funds: $204M → $164M (-$40.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$9.26M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$4.37M |
| 3 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$3M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$2.93M |
| 5 |
Morgan Stanley
New York
|
+$2.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$20.9M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$7.26M |
| 3 |
CPCM
Clifton Park Capital Management
Wilmington,
Delaware
|
-$5.2M |
| 4 |
CEI
Clark Estates Inc
New York
|
-$2.6M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VKH
151
Virtu KCG Holdings
New York
| – | -$106K | -11,058 | Closed |
|
|
SCM
152
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$98K | -10,186 | Closed |
|
|
JG
153
Jefferies Group
New York
| – | -$32K | -3,366 | Closed |
|
154
Walleye Trading
New York
| – | -$27.3K | -3,286 | Closed |
|
|
TRCT
155
Tower Research Capital (TRC)
New York
| – | -$10K | -1,006 | Closed |
|
156
Simplex Trading
Chicago,
Illinois
| – | -$2K | -242 | Closed |
|
157
Fifth Third Bancorp
Cincinnati,
Ohio
| – | +$183 | +22 | +50% |
|
LQDT Hedge Fund Activity: Q3 2015 in Review
144 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Liquidity Services (LQDT) for Q3 2015, worth a combined $164M — down 20% from $204M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new LQDT positions and 14 closed out — a net gain of 12 holders — while 62 added to existing stakes and 35 trimmed.
The largest buyer was Numeric Investors, adding an estimated $9.26M. The largest seller was Columbia Wanger Asset Management, exiting entirely with an estimated $20.9M sold.
- 144 institutional investors held Liquidity Services (LQDT) as of Q3 2015, up from 134 in Q2 2015.
- Funds reported $164M of Liquidity Services stock for Q3 2015, down 20% quarter-over-quarter.
- 26 funds opened new Liquidity Services positions in Q3 2015 and 14 closed out, a net change of +12 holders.
- The largest Liquidity Services buyer in Q3 2015 was Numeric Investors, an estimated $9.26M added.
- The largest Liquidity Services seller in Q3 2015 was Columbia Wanger Asset Management, an estimated $20.9M sold.
Based on aggregated 13F filings for Q3 2015.