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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
BHCM
176
Brevan Howard Capital Management
Jersey
$686K +$653K +8,182 New
WAM
177
Weiss Asset Management
Massachusetts
$668K +$636K +7,969 New
GAM
178
Gotham Asset Management
New York
$644K -$529K -6,626 -46%
ETC
179
Exchange Traded Concepts
Oklahoma
$631K – – –
SF
180
Synovus Financial
Georgia
$630K -$45.4K -569 -7%
KeyBank National Association
181
KeyBank National Association
Ohio
$615K -$23.1K -289 -4%
DTL
182
Dynamic Technology Lab
Singapore
$612K -$352K -4,412 -38%
HEIP
183
Hudson Edge Investment Partners
New Jersey
$600K -$19.1K -240 -3%
N
184
Natixis
France
$587K +$558K +7,000 New
Pictet Asset Management
185
Pictet Asset Management
Switzerland
$579K – – –
PI
186
PEAK6 Investments
Illinois
$573K -$1.27M -15,874 -70%
SO
187
STRS Ohio
Ohio
$561K -$933K -11,700 -64%
Wolverine Trading
188
Wolverine Trading
Illinois
$557K +$530K +6,640 New
PCM
189
Prelude Capital Management
New York
$551K +$524K +6,566 New
GLR
190
Great Lakes Retirement
Ohio
$551K +$524K +6,565 New
SOADOR
191
State of Alaska Department of Revenue
Alaska
$550K -$52.7K -660 -9%
Los Angeles Capital Management
192
Los Angeles Capital Management
California
$539K +$99.7K +1,250 +24%
Envestnet Portfolio Solutions
193
Envestnet Portfolio Solutions
Illinois
$531K +$4.23K +53 +0.8%
YIH
194
Y-Intercept (HK)
Hong Kong
$524K +$55.8K +700 +13%
JA
195
JLB & Associates
Michigan
$517K – – –
SDIC
196
South Dakota Investment Council
South Dakota
$494K – – –
VFP
197
Verus Financial Partners
Virginia
$483K – – –
FRM
198
Fox Run Management
Connecticut
$483K +$459K +5,758 New
QCM
199
QRG Capital Management
Illinois
$483K -$44.5K -558 -9%
ACM
200
Aquatic Capital Management
Illinois
$470K +$367K +4,600 +460%
6 7
8
9 10

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.