Liquidity Services
LQDT
153 hedge funds and large institutions have $818M invested in Liquidity Services in 2014 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 51 increasing their positions, 51 reducing their positions, and 38 closing their positions.
20% more capital invested
Capital invested by funds: $684M → $818M (+$135M)
0% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 51
7% less funds holding
Funds holding: 164 → 153 (-11)
26% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 38
34% less call options, than puts
Call options by funds: $14.4M | Put options by funds: $21.9M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$20.3M |
| 2 |
DDC
DF Dent & Co
Baltimore,
Maryland
|
+$17.7M |
| 3 |
HP
Hound Partners
New York
|
+$14.6M |
| 4 |
Jennison Associates
New York
|
+$14.3M |
| 5 |
SRFM
Shannon River Fund Management
New York
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$18.1M |
| 2 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$8.88M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$6.89M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$5.43M |
| 5 |
Two Sigma Investments
New York
|
-$5.11M |
LQDT Hedge Fund Activity: Q1 2014 in Review
153 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Liquidity Services (LQDT) for Q1 2014, worth a combined $818M — up 20% from $684M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of LQDT and 28 opened new positions — a net loss of 10 holders — while 51 trimmed existing stakes and 51 added.
The largest buyer was Guggenheim Capital, adding an estimated $20.3M. The largest seller was Kornitzer Capital Management, exiting entirely with an estimated $18.1M sold.
- 153 institutional investors held Liquidity Services (LQDT) as of Q1 2014, down from 164 in Q4 2013.
- Funds reported $818M of Liquidity Services stock for Q1 2014, up 20% quarter-over-quarter.
- 28 funds opened new Liquidity Services positions in Q1 2014 and 38 closed out, a net change of -10 holders.
- The largest Liquidity Services buyer in Q1 2014 was Guggenheim Capital, an estimated $20.3M added.
- The largest Liquidity Services seller in Q1 2014 was Kornitzer Capital Management, an estimated $18.1M sold.
Based on aggregated 13F filings for Q1 2014.