M/I Homes
125 hedge funds and large institutions have $558M invested in M/I Homes in 2015 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 56 increasing their positions, 33 reducing their positions, and 27 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 33
64% more call options, than puts
Call options by funds: $713K | Put options by funds: $436K
1.49% less ownership
Funds ownership: 104.8% → 103.3% (-1.5%)
8% less capital invested
Capital invested by funds: $606M → $558M (-$48.6M)
11% less funds holding
Funds holding: 141 → 125 (-16)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
52% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 27
Top Buyers
| 1 |
DSC
Donald Smith & Co
New York
|
+$11.2M |
| 2 |
GC
Gratia Capital
Los Angeles,
California
|
+$9.16M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$4.18M |
| 4 |
Renaissance Technologies
New York
|
+$3.38M |
| 5 |
CP
Covalent Partners
Concord,
Massachusetts
|
+$2.37M |
Top Sellers
| 1 |
State Street
Boston,
Massachusetts
|
-$7.5M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.3M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$5.64M |
| 4 |
Millennium Management
New York
|
-$4.09M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
151
Prelude Capital Management
New York
| – | -$14K | -604 | Closed |
|
152
US Bancorp
Minneapolis,
Minnesota
| – | -$2K | -94 | Closed |
|
MHO Hedge Fund Activity: Q4 2015 in Review
125 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in M/I Homes (MHO) for Q4 2015, worth a combined $558M — down 8% from $606M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of MHO and 13 opened new positions — a net loss of 14 holders — while 33 trimmed existing stakes and 56 added.
The largest buyer was Donald Smith & Co, adding an estimated $11.2M. The largest seller was State Street, cutting an estimated $7.5M.
- 125 institutional investors held M/I Homes (MHO) as of Q4 2015, down from 141 in Q3 2015.
- Funds reported $558M of M/I Homes stock for Q4 2015, down 8% quarter-over-quarter.
- 13 funds opened new M/I Homes positions in Q4 2015 and 27 closed out, a net change of -14 holders.
- The largest M/I Homes buyer in Q4 2015 was Donald Smith & Co, an estimated $11.2M added.
- The largest M/I Homes seller in Q4 2015 was State Street, an estimated $7.5M sold.
Based on aggregated 13F filings for Q4 2015.