Stride
140 hedge funds and large institutions have $578M invested in Stride in 2014 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 46 increasing their positions, 41 reducing their positions, and 17 closing their positions.
59% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 17
12% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 41
11% more call options, than puts
Call options by funds: $620K | Put options by funds: $557K
8% more funds holding
Funds holding: 130 → 140 (+10)
1.81% less ownership
Funds ownership: 96.13% → 94.33% (-1.8%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
37% less capital invested
Capital invested by funds: $915M → $578M (-$337M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$29.9M |
| 2 |
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
|
+$9.49M |
| 3 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$6.76M |
| 4 |
Morgan Stanley
New York
|
+$6.34M |
| 5 |
Millennium Management
New York
|
+$6.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$47.6M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$37.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$22.3M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$7.38M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$4.77M |
LRN Hedge Fund Activity: Q3 2014 in Review
140 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Stride (LRN) for Q3 2014, worth a combined $578M — down 37% from $915M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new LRN positions and 17 closed out — a net gain of 10 holders — while 46 added to existing stakes and 41 trimmed.
The largest buyer was Highland Capital Management (Texas), adding an estimated $29.9M. The largest seller was Jackson Square Partners, cutting an estimated $47.6M.
- 140 institutional investors held Stride (LRN) as of Q3 2014, up from 130 in Q2 2014.
- Funds reported $578M of Stride stock for Q3 2014, down 37% quarter-over-quarter.
- 27 funds opened new Stride positions in Q3 2014 and 17 closed out, a net change of +10 holders.
- The largest Stride buyer in Q3 2014 was Highland Capital Management (Texas), an estimated $29.9M added.
- The largest Stride seller in Q3 2014 was Jackson Square Partners, an estimated $47.6M sold.
Based on aggregated 13F filings for Q3 2014.