McGrath RentCorp
MGRC
127 hedge funds and large institutions have $675M invested in McGrath RentCorp in 2017 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 49 increasing their positions, 41 reducing their positions, and 11 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 41
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
1.22% more ownership
Funds ownership: 82.74% → 83.96% (+1.2%)
2% less funds holding
Funds holding: 130 → 127 (-3)
13% less capital invested
Capital invested by funds: $775M → $675M (-$100M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$53.7M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.1M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$6.48M |
| 4 |
Renaissance Technologies
New York
|
+$5.57M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$2.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GXMC
Global X Management Company
New York
|
-$7.99M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$4.44M |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$3.23M |
| 4 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$3.14M |
| 5 |
SAM
Skyline Asset Management
Chicago,
Illinois
|
-$2.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VCM
126
Versant Capital Management
Phoenix,
Arizona
| $1K | – | – | – |
|
|
GXMC
127
Global X Management Company
New York
| – | -$7.99M | -203,967 | Closed |
|
|
EI
128
EAM Investors
Solana Beach,
California
| – | -$3.23M | -82,476 | Closed |
|
129
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.56M | -39,710 | Closed |
|
130
Ameriprise
Minneapolis,
Minnesota
| – | -$1.38M | -35,213 | Closed |
|
|
WI
131
WBI Investments
Red Bank,
New Jersey
| – | -$1.05M | -26,899 | Closed |
|
|
PG
132
PEAK6 Group
Chicago,
Illinois
| – | -$803K | -20,479 | Closed |
|
|
ARTA
133
A.R.T. Advisors
New York
| – | -$442K | -11,300 | Closed |
|
134
HSBC Holdings
London,
United Kingdom
| – | -$230K | -5,882 | Closed |
|
|
ACP
135
Ashfield Capital Partners
San Francisco,
California
| – | -$204K | -5,200 | Closed |
|
136
Principal Financial Group
Des Moines,
Iowa
| – | -$203K | -5,174 | Closed |
|
|
WSTAM
137
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$203K | -5,170 | Closed |
|
MGRC Hedge Fund Activity: Q1 2017 in Review
127 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in McGrath RentCorp (MGRC) for Q1 2017, worth a combined $675M — down 13% from $775M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new MGRC positions and 11 closed out — a net gain of 2 holders — while 49 added to existing stakes and 41 trimmed.
The largest buyer was BlackRock, adding an estimated $53.7M. The largest seller was Global X Management Company, exiting entirely with an estimated $7.99M sold.
- 127 institutional investors held McGrath RentCorp (MGRC) as of Q1 2017, down from 130 in Q4 2016.
- Funds reported $675M of McGrath RentCorp stock for Q1 2017, down 13% quarter-over-quarter.
- 13 funds opened new McGrath RentCorp positions in Q1 2017 and 11 closed out, a net change of +2 holders.
- The largest McGrath RentCorp buyer in Q1 2017 was BlackRock, an estimated $53.7M added.
- The largest McGrath RentCorp seller in Q1 2017 was Global X Management Company, an estimated $7.99M sold.
Based on aggregated 13F filings for Q1 2017.