Stride
118 hedge funds and large institutions have $840M invested in Stride in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 40 increasing their positions, 35 reducing their positions, and 19 closing their positions.
460% more call options, than puts
Call options by funds: $2.56M | Put options by funds: $457K
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
14% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 35
1.47% more ownership
Funds ownership: 89.49% → 90.96% (+1.5%)
5% more capital invested
Capital invested by funds: $800M → $840M (+$39.5M)
6% less funds holding
Funds holding: 126 → 118 (-8)
37% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Daruma Capital Management
New York
|
+$20M |
| 2 |
KIM
Kestrel Investment Management
San Mateo,
California
|
+$18.7M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$12.3M |
| 4 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$6.75M |
| 5 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$6.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$31.7M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$15.9M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.44M |
| 4 |
Neuberger Berman Group
New York
|
-$4.51M |
| 5 |
D.E. Shaw & Co
New York
|
-$4.22M |
LRN Hedge Fund Activity: Q1 2014 in Review
118 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Stride (LRN) for Q1 2014, worth a combined $840M — up 4.9% from $800M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of LRN and 12 opened new positions — a net loss of 7 holders — while 35 trimmed existing stakes and 40 added.
The largest buyer was Daruma Capital Management, opening a new position worth an estimated $20M. The largest seller was Fidelity Investments, cutting an estimated $31.7M.
- 118 institutional investors held Stride (LRN) as of Q1 2014, down from 126 in Q4 2013.
- Funds reported $840M of Stride stock for Q1 2014, up 4.9% quarter-over-quarter.
- 12 funds opened new Stride positions in Q1 2014 and 19 closed out, a net change of -7 holders.
- The largest Stride buyer in Q1 2014 was Daruma Capital Management, an estimated $20M added.
- The largest Stride seller in Q1 2014 was Fidelity Investments, an estimated $31.7M sold.
Based on aggregated 13F filings for Q1 2014.