MSC Industrial Direct
300 hedge funds and large institutions have $4.11B invested in MSC Industrial Direct in 2016 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 91 increasing their positions, 117 reducing their positions, and 40 closing their positions.
53% more first-time investments, than exits
New positions opened: 61 | Existing positions closed: 40
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
21% more capital invested
Capital invested by funds: $3.39B → $4.11B (+$718M)
6% more funds holding
Funds holding: 283 → 300 (+17)
0.84% more ownership
Funds ownership: 98.3% → 99.14% (+0.84%)
22% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 117
90% less call options, than puts
Call options by funds: $1.64M | Put options by funds: $16.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$127M |
| 2 |
Goldman Sachs
New York
|
+$74.2M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$52M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$31.7M |
| 5 |
AAM
Ardevora Asset Management
London,
United Kingdom
|
+$25.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$126M |
| 2 |
CCM
Cantillon Capital Management
New York
|
-$112M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$58.6M |
| 4 |
JP Morgan Chase
New York
|
-$56.2M |
| 5 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$41.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
V
326
Veritable
Wilmington,
Delaware
| – | -$359K | -4,891 | Closed |
|
|
TP
327
Truvvo Partners
New York
| – | -$344K | -4,681 | Closed |
|
|
RJT
328
Raymond James Trust
St. Petersburg,
Florida
| – | -$287K | -3,908 | Closed |
|
|
CCM
329
Check Capital Management
Costa Mesa,
California
| – | -$284K | -3,865 | Closed |
|
|
QT
330
Quantbot Technologies
New York
| – | -$230K | -3,136 | Closed |
|
|
MF
331
Magnetar Financial
Evanston,
Illinois
| – | -$229K | -3,124 | Closed |
|
|
SCM
332
Sterling Capital Management
Charlotte,
North Carolina
| – | -$224K | -3,050 | Closed |
|
333
Pzena Investment Management
New York
| – | -$200K | -2,730 | Closed |
|
|
ETM
334
Euclidean Technologies Management
Seattle,
Washington
| – | -$154K | -2,100 | Closed |
|
|
RA
335
Rational Advisors
Huntington,
New York
| – | -$103K | -1,400 | Closed |
|
|
JFA
336
JNBA Financial Advisors
Bloomington,
Minnesota
| – | -$37K | -498 | Closed |
|
|
S
337
SignatureFD
Atlanta,
Georgia
| – | -$37K | -498 | Closed |
|
|
NYLT
338
New York Life Trust
New York
| – | -$9K | -128 | Closed |
|
MSM Hedge Fund Activity: Q4 2016 in Review
300 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in MSC Industrial Direct (MSM) for Q4 2016, worth a combined $4.11B — up 21% from $3.39B a quarter earlier.
Buyers outnumbered sellers: 61 funds opened new MSM positions and 40 closed out — a net gain of 21 holders — while 91 added to existing stakes and 117 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $127M. The largest seller was Select Equity Group, exiting entirely with an estimated $126M sold.
- 300 institutional investors held MSC Industrial Direct (MSM) as of Q4 2016, up from 283 in Q3 2016.
- Funds reported $4.11B of MSC Industrial Direct stock for Q4 2016, up 21% quarter-over-quarter.
- 61 funds opened new MSC Industrial Direct positions in Q4 2016 and 40 closed out, a net change of +21 holders.
- The largest MSC Industrial Direct buyer in Q4 2016 was Fidelity Investments, an estimated $127M added.
- The largest MSC Industrial Direct seller in Q4 2016 was Select Equity Group, an estimated $126M sold.
Based on aggregated 13F filings for Q4 2016.