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M/I Homes

103 hedge funds and large institutions have $630M invested in M/I Homes in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 36 increasing their positions, 42 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

525% more call options, than puts

Call options by funds: $2.63M | Put options by funds: $420K

25% more capital invested

Capital invested by funds: $504M → $630M (+$126M)

1.29% more ownership

Funds ownership: 100.5%101.79% (+1.3%)

2% less funds holding

Funds holding: 105103 (-2)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

14% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 42

100% less funds holding in top 10

Funds holding in top 10: 20 (-2)

Holders
103
Holders Change
-2
Holders Change %
-1.9%
% of All Funds
2.99%
Holding in Top 10
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
New
13
Increased
36
Reduced
42
Closed
15
Calls
$2.63M
Puts
$420K
Net Calls
+$2.21M
Net Calls Change
+$714K
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$60.3M +$30M +1,419,212 +149%
BFA
2
BlackRock Fund Advisors
California
$58.8M -$1.95M -92,064 -4%
Franklin Resources
3
Franklin Resources
California
$53.3M +$1.78M +84,281 +4%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$39.1M +$74.6K +3,530 +0.2%
State Street
5
State Street
Massachusetts
$36.7M -$13.7M -648,065 -31%
Goldman Sachs
6
Goldman Sachs
New York
$35.3M +$4.68M +221,461 +19%
Bank of New York Mellon
7
Bank of New York Mellon
New York
$32M +$3.96M +187,358 +18%
Dimensional Fund Advisors
8
Dimensional Fund Advisors
Texas
$28.8M +$154K +7,278 +0.6%
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$28.7M +$11.8M +558,269 +98%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$25.2M +$6.05M +286,050 +41%
Vanguard Group
11
Vanguard Group
Pennsylvania
$20M +$568K +26,882 +4%
WC
12
Walthausen & Co
New York
$18.8M -$258K -12,210 -2%
BIT
13
BlackRock Institutional Trust
California
$17.8M -$297K -14,058 -2%
EIP
14
Epoch Investment Partners
New York
$17.7M +$347K +16,410 +2%
DSC
15
Donald Smith & Co
New York
$11.6M +$2.07K +98 +0%
AGCJ
16
Alden Global Capital (Jersey)
Jersey
$9.34M -$700K -33,100 -8%
Northern Trust
17
Northern Trust
Illinois
$8.74M -$92.2K -4,363 -1%
WSA
18
Wall Street Associates
California
$7.8M +$152K +7,200 +2%
NGA
19
New Generation Advisors
Massachusetts
$7.01M +$3.06M +145,000 +111%
SH
20
Scepter Holdings
Texas
$6.64M -$7.56M -357,658 -58%
PCMI
21
Paradigm Capital Management Inc
New York
$6.55M -$3.11M -147,309 -36%
NCGI
22
Next Century Growth Investors
Minnesota
$6.51M -$3.77M -178,315 -41%
Millennium Management
23
Millennium Management
New York
$6.07M -$1.54M -72,765 -23%
PCM
24
Penn Capital Management
Pennsylvania
$5.22M +$4.33M +205,075 New
Hotchkis & Wiley Capital Management
25
Hotchkis & Wiley Capital Management
California
$4.88M +$4.05M +191,700 New

MHO Hedge Fund Activity: Q4 2013 in Review

103 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in M/I Homes (MHO) for Q4 2013, worth a combined $630M — up 25% from $504M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of MHO and 13 opened new positions — a net loss of 2 holders — while 42 trimmed existing stakes and 36 added.

The largest buyer was Wellington Management Group, adding an estimated $30M. The largest seller was Zweig-DiMenna Associates, exiting entirely with an estimated $14.4M sold.

  • 103 institutional investors held M/I Homes (MHO) as of Q4 2013, down from 105 in Q3 2013.
  • Funds reported $630M of M/I Homes stock for Q4 2013, up 25% quarter-over-quarter.
  • 13 funds opened new M/I Homes positions in Q4 2013 and 15 closed out, a net change of -2 holders.
  • The largest M/I Homes buyer in Q4 2013 was Wellington Management Group, an estimated $30M added.
  • The largest M/I Homes seller in Q4 2013 was Zweig-DiMenna Associates, an estimated $14.4M sold.

Based on aggregated 13F filings for Q4 2013.