STEINWAY MUSICAL INSTRUMENTS
LVB
LVB was delisted on the 18th of September, 2013.
23 hedge funds and large institutions have $36.6M invested in STEINWAY MUSICAL INSTRUMENTS in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 48 closing their positions.
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
43.24% less ownership
Funds ownership: 43.24% → 0% (-43%)
65% less funds holding
Funds holding: 65 → 23 (-42)
78% less capital invested
Capital invested by funds: $164M → $36.6M (-$127M)
88% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 48
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$4.72M |
| 2 |
Renaissance Technologies
New York
|
+$3.32M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.81M |
| 4 |
JG
Jefferies Group
New York
|
+$682K |
| 5 |
LOM
Loeb Offshore Management
New York
|
+$571K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$38.3M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$27.4M |
| 3 |
RA
Royce & Associates
New York
|
-$13.5M |
| 4 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$7.12M |
LVB Hedge Fund Activity: Q3 2013 in Review
23 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in STEINWAY MUSICAL INSTRUMENTS (LVB) for Q3 2013, worth a combined $36.6M — down 78% from $164M a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of LVB and 6 opened new positions — a net loss of 42 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Commonwealth of Pennsylvania Public School Employees Retirement System, opening a new position worth an estimated $4.72M. The largest seller was Royal Bank of Canada, cutting an estimated $38.3M.
- 23 institutional investors held STEINWAY MUSICAL INSTRUMENTS (LVB) as of Q3 2013, down from 65 in Q2 2013.
- Funds reported $36.6M of STEINWAY MUSICAL INSTRUMENTS stock for Q3 2013, down 78% quarter-over-quarter.
- 6 funds opened new STEINWAY MUSICAL INSTRUMENTS positions in Q3 2013 and 48 closed out, a net change of -42 holders.
- The largest STEINWAY MUSICAL INSTRUMENTS buyer in Q3 2013 was Commonwealth of Pennsylvania Public School Employees Retirement System, an estimated $4.72M added.
- The largest STEINWAY MUSICAL INSTRUMENTS seller in Q3 2013 was Royal Bank of Canada, an estimated $38.3M sold.
Based on aggregated 13F filings for Q3 2013.