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Maximus
MMS

344 hedge funds and large institutions have $5B invested in Maximus in 2023 Q4 according to their latest regulatory filings, with 63 funds opening new positions, 102 increasing their positions, 128 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 34

12% more capital invested

Capital invested by funds: $4.47B → $5B (+$528M)

7% more funds holding

Funds holding: 322 → 344 (+22)

0.68% less ownership

Funds ownership: 98.43% → 97.75% (-0.68%)

6% less call options, than puts

Call options by funds: $2.86M | Put options by funds: $3.05M

20% less repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 128

50% less funds holding in top 10

Funds holding in top 10: 4 → 2 (-2)

Holders
344
Holders Change
+22
Holders Change %
+6.83%
% of All Funds
5.02%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
63
Increased
102
Reduced
128
Closed
34
Calls
$2.86M
Puts
$3.05M
Net Calls
-$194K
Net Calls Change
+$2.09M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$44.3M
2
Morgan Stanley
Morgan Stanley
New York
+$34.2M
3
BlackRock
BlackRock
New York
+$30.8M
4
Ameriprise
Ameriprise
Minnesota
+$29.9M
5
Norges Bank
Norges Bank
Norway
+$16.1M

Top Sellers

1
Point72 Asset Management
Point72 Asset Management
Connecticut
-$37.8M
2
Victory Capital Management
Victory Capital Management
Texas
-$33.1M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$21M
4
BBCM
Broad Bay Capital Management
New York
-$18.5M
5
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
-$18.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
126
Citadel Advisors
Florida
$1.44M -$4.78M -59,918 -78%
LSERS
127
Louisiana State Employees Retirement System
Louisiana
$1.43M -$7.98K -100 -0.6%
ASRS
128
Arizona State Retirement System
Arizona
$1.42M -$25.1K -315 -2%
Verition Fund Management
129
Verition Fund Management
Connecticut
$1.41M -$903K -11,315 -40%
PCM
130
Polaris Capital Management
Massachusetts
$1.39M – – –
AAS
131
Avantax Advisory Services
Texas
$1.37M +$80.7K +1,011 +7%
NIMI
132
Natixis Investment Managers International
France
$1.36M -$9.17K -115 -0.7%
DCM
133
Dean Capital Management
Kansas
$1.36M +$493K +6,186 +62%
Bank of Montreal
134
Bank of Montreal
Ontario, Canada
$1.32M -$10.8K -135 -0.9%
BCI
135
Brinker Capital Investments
Pennsylvania
$1.32M -$113K -1,414 -8%
OPS
136
Orion Portfolio Solutions
Nebraska
$1.32M -$113K -1,414 -8%
HighTower Advisors
137
HighTower Advisors
Illinois
$1.25M +$17.7K +222 +2%
Osaic Holdings
138
Osaic Holdings
Arizona
$1.24M -$735K -9,210 -38%
SOMRS
139
State of Michigan Retirement System
Michigan
$1.23M +$7.98K +100 +0.7%
TI
140
Trexquant Investment
Connecticut
$1.22M +$1.16M +14,566 New
Teacher Retirement System of Texas
141
Teacher Retirement System of Texas
Texas
$1.22M -$25.5K -320 -2%
RJA
142
Raymond James & Associates
Florida
$1.21M -$132K -1,654 -10%
Fidelity International
143
Fidelity International
Bermuda
$1.2M +$85.3K +1,069 +8%
RCM
144
Radnor Capital Management
Pennsylvania
$1.17M -$39.9K -500 -3%
DC
145
Davenport & Co
Virginia
$1.16M +$1.1M +13,730 New
NMIMC
146
Northwestern Mutual Investment Management Company
Wisconsin
$1.13M +$3.27K +41 +0.3%
COPPSERS
147
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.12M +$88.1K +1,104 +9%
ProShare Advisors
148
ProShare Advisors
Maryland
$1.11M +$166K +2,084 +19%
Robeco Institutional Asset Management
149
Robeco Institutional Asset Management
Netherlands
$1.11M +$366K +4,593 +53%
Zurich Cantonal Bank
150
Zurich Cantonal Bank
Switzerland
$1.08M +$275K +3,444 +36%
4 5
6
7 8

MMS Hedge Fund Activity: Q4 2023 in Review

344 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Maximus (MMS) for Q4 2023, worth a combined $5B — up 12% from $4.47B a quarter earlier.

Buyers outnumbered sellers: 63 funds opened new MMS positions and 34 closed out — a net gain of 29 holders — while 102 added to existing stakes and 128 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $44.3M. The largest seller was Point72 Asset Management, cutting an estimated $37.8M.

  • 344 institutional investors held Maximus (MMS) as of Q4 2023, up from 322 in Q3 2023.
  • Funds reported $5B of Maximus stock for Q4 2023, up 12% quarter-over-quarter.
  • 63 funds opened new Maximus positions in Q4 2023 and 34 closed out, a net change of +29 holders.
  • The largest Maximus buyer in Q4 2023 was Fidelity Investments, an estimated $44.3M added.
  • The largest Maximus seller in Q4 2023 was Point72 Asset Management, an estimated $37.8M sold.

Based on aggregated 13F filings for Q4 2023.