Marchex
MCHX
76 hedge funds and large institutions have $42.2M invested in Marchex in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 33 reducing their positions, and 30 closing their positions.
1.13% less ownership
Funds ownership: 74.35% → 73.23% (-1.1%)
22% less funds holding
Funds holding: 97 → 76 (-21)
30% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 33
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
61% less capital invested
Capital invested by funds: $108M → $42.2M (-$65.8M)
63% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 30
67% less call options, than puts
Call options by funds: $435K | Put options by funds: $1.31M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HFA
Harbert Fund Advisors
Birmingham,
Alabama
|
+$4.2M |
| 2 |
EC
Edenbrook Capital
Mt. Kisco,
New York
|
+$3.46M |
| 3 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$2.12M |
| 4 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$1.2M |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
+$814K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.01M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$1.71M |
| 3 |
WAM
Winslow Asset Management
Beachwood,
Ohio
|
-$1M |
| 4 |
RA
Royce & Associates
New York
|
-$800K |
| 5 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
-$753K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VRM
101
Vectors Research Management
New York
| – | -$23K | -6,000 | Closed |
|
102
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$18K | -4,637 | Closed |
|
|
AP
103
Americana Partners
Houston,
Texas
| – | -$7K | -1,891 | Closed |
|
|
TRCT
104
Tower Research Capital (TRC)
New York
| – | -$2K | -452 | Closed |
|
MCHX Hedge Fund Activity: Q1 2020 in Review
76 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Marchex (MCHX) for Q1 2020, worth a combined $42.2M — down 61% from $108M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of MCHX and 11 opened new positions — a net loss of 19 holders — while 33 trimmed existing stakes and 23 added.
The largest buyer was Harbert Fund Advisors, adding an estimated $4.2M. The largest seller was Kennedy Capital Management, exiting entirely with an estimated $3.01M sold.
- 76 institutional investors held Marchex (MCHX) as of Q1 2020, down from 97 in Q4 2019.
- Funds reported $42.2M of Marchex stock for Q1 2020, down 61% quarter-over-quarter.
- 11 funds opened new Marchex positions in Q1 2020 and 30 closed out, a net change of -19 holders.
- The largest Marchex buyer in Q1 2020 was Harbert Fund Advisors, an estimated $4.2M added.
- The largest Marchex seller in Q1 2020 was Kennedy Capital Management, an estimated $3.01M sold.
Based on aggregated 13F filings for Q1 2020.