Liquidity Services
LQDT
128 hedge funds and large institutions have $300M invested in Liquidity Services in 2022 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 50 increasing their positions, 38 reducing their positions, and 22 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 38
12% more call options, than puts
Call options by funds: $84K | Put options by funds: $75K
5.85% less ownership
Funds ownership: 65.36% → 59.51% (-5.8%)
6% less funds holding
Funds holding: 136 → 128 (-8)
21% less capital invested
Capital invested by funds: $378M → $300M (-$78.6M)
27% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 22
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$4.95M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.86M |
| 3 |
BlackRock
New York
|
+$2.45M |
| 4 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$1.59M |
| 5 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$8.62M |
| 2 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$6.31M |
| 3 |
RC
Roubaix Capital
Denver,
Colorado
|
-$3.6M |
| 4 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
-$3.37M |
| 5 |
CAM
Crown Advisors Management
Larkspur,
California
|
-$2.26M |
LQDT Hedge Fund Activity: Q4 2022 in Review
128 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Liquidity Services (LQDT) for Q4 2022, worth a combined $300M — down 21% from $378M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of LQDT and 16 opened new positions — a net loss of 6 holders — while 38 trimmed existing stakes and 50 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $4.95M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $8.62M sold.
- 128 institutional investors held Liquidity Services (LQDT) as of Q4 2022, down from 136 in Q3 2022.
- Funds reported $300M of Liquidity Services stock for Q4 2022, down 21% quarter-over-quarter.
- 16 funds opened new Liquidity Services positions in Q4 2022 and 22 closed out, a net change of -6 holders.
- The largest Liquidity Services buyer in Q4 2022 was Millennium Management, an estimated $4.95M added.
- The largest Liquidity Services seller in Q4 2022 was Driehaus Capital Management, an estimated $8.62M sold.
Based on aggregated 13F filings for Q4 2022.