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Liquidity Services

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.

New
Increased
Maintained
Reduced
Closed

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: 132138 (+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)

Holders
138
Holders Change
+6
Holders Change %
+4.55%
% of All Funds
3.68%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
30
Increased
50
Reduced
36
Closed
23
Calls
$1.14M
Puts
$1.86M
Net Calls
-$721K
Net Calls Change
+$6.17M
Name Holding Trade Value Shares
Change
Change in
Stake
CWAM
1
Columbia Wanger Asset Management
Illinois
$15.6M +$3.18M +292,000 +18%
Vanguard Group
2
Vanguard Group
Pennsylvania
$12.4M -$1.09M -99,754 -6%
CPCM
3
Clifton Park Capital Management
Delaware
$12.3M
BFA
4
BlackRock Fund Advisors
California
$11.7M +$1.7M +155,808 +12%
GC
5
Guggenheim Capital
Illinois
$9.47M -$2.18M -200,066 -15%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$8.28M -$6.78M -622,300 -38%
BIT
7
BlackRock Institutional Trust
California
$5.99M -$29.4K -2,698 -0.4%
Morgan Stanley
8
Morgan Stanley
New York
$5.24M +$2.31M +212,547 +50%
Norges Bank
9
Norges Bank
Norway
$5.11M +$1.78M +163,174 +35%
SCA
10
STALEY CAPITAL ADVISERS
Pennsylvania
$5.03M +$1.95M +179,192 +41%
RR
11
Robotti Robert
$4.09M +$743K +68,200 +16%
State Street
12
State Street
Massachusetts
$3.73M -$145K -13,334 -3%
EBIM
13
Eagle Boston Investment Management
Massachusetts
$3.68M -$1.45M -133,294 -23%
ETM
14
Euclidean Technologies Management
Washington
$3.48M +$1.63M +150,002 +54%
D.E. Shaw & Co
15
D.E. Shaw & Co
New York
$2.87M +$998K +91,654 +35%
Canada Pension Plan Investment Board
16
Canada Pension Plan Investment Board
Ontario, Canada
$2.86M +$1.67M +153,000 +78%
HAM
17
Harber Asset Management
North Carolina
$2.74M +$1.09M +99,675 +76%
Northern Trust
18
Northern Trust
Illinois
$2.4M -$298K -27,341 -9%
Citadel Advisors
19
Citadel Advisors
Florida
$2.15M +$1.43M +131,547 +100%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$2.08M -$55.7K -5,115 -2%
JP Morgan Chase
21
JP Morgan Chase
New York
$1.9M +$2.28M +209,148 +881%
Prudential Financial
22
Prudential Financial
New Jersey
$1.7M +$179K +16,400 +9%
First Trust Advisors
23
First Trust Advisors
Illinois
$1.58M +$179K +16,417 +9%
Ameriprise
24
Ameriprise
Minnesota
$1.47M -$67.3K -6,178 -3%
BIM
25
Bogle Investment Management
Massachusetts
$1.45M +$1.93M +177,017 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.