Liquidity Services
LQDT
177 hedge funds and large institutions have $1.12B invested in Liquidity Services in 2013 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 80 increasing their positions, 56 reducing their positions, and 16 closing their positions.
69% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 16
43% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 56
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
6% more funds holding
Funds holding: 167 → 177 (+10)
2% less capital invested
Capital invested by funds: $1.14B → $1.12B (-$21M)
6% less call options, than puts
Call options by funds: $6.26M | Put options by funds: $6.63M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$24.4M |
| 2 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
+$14.8M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$14.2M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$11.2M |
| 5 |
KSC
Kendall Square Capital
San Francisco,
California
|
+$7.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
-$27.8M |
| 2 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$21.3M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$13.5M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$9.25M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.72M |
LQDT Hedge Fund Activity: Q3 2013 in Review
177 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Liquidity Services (LQDT) for Q3 2013, worth a combined $1.12B — down 1.8% from $1.14B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new LQDT positions and 16 closed out — a net gain of 11 holders — while 80 added to existing stakes and 56 trimmed.
The largest buyer was Granahan Investment Management, adding an estimated $24.4M. The largest seller was William Blair & Company, cutting an estimated $27.8M.
- 177 institutional investors held Liquidity Services (LQDT) as of Q3 2013, up from 167 in Q2 2013.
- Funds reported $1.12B of Liquidity Services stock for Q3 2013, down 1.8% quarter-over-quarter.
- 27 funds opened new Liquidity Services positions in Q3 2013 and 16 closed out, a net change of +11 holders.
- The largest Liquidity Services buyer in Q3 2013 was Granahan Investment Management, an estimated $24.4M added.
- The largest Liquidity Services seller in Q3 2013 was William Blair & Company, an estimated $27.8M sold.
Based on aggregated 13F filings for Q3 2013.