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Meritage Homes

149 hedge funds and large institutions have $1.34B invested in Meritage Homes in 2013 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 71 increasing their positions, 43 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 43

45% more call options, than puts

Call options by funds: $11.9M | Put options by funds: $8.2M

3% less capital invested

Capital invested by funds: $1.38B → $1.34B (-$40.8M)

3.89% less ownership

Funds ownership: 176.28%172.39% (-3.9%)

11% less funds holding

Funds holding: 167149 (-18)

46% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 35

67% less funds holding in top 10

Funds holding in top 10: 31 (-2)

Holders
149
Holders Change
-18
Holders Change %
-10.78%
% of All Funds
4.83%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
19
Increased
71
Reduced
43
Closed
35
Calls
$11.9M
Puts
$8.2M
Net Calls
+$3.67M
Net Calls Change
+$7.72M
Name Holding Trade Value Shares
Change
Change in
Stake
EMG
126
Ellington Management Group
Connecticut
$241K +$241K +11,200 New
RG
127
Renaissance Group
Kentucky
$231K +$231K +10,774 New
MSA
128
Mason Street Advisors
Wisconsin
$215K +$27.8K +1,294 +15%
Royal Bank of Canada
129
Royal Bank of Canada
Ontario, Canada
$210K +$7.22K +336 +4%
TH
130
Timber Hill
Connecticut
$208K -$155K -7,218 -43%
Teacher Retirement System of Texas
131
Teacher Retirement System of Texas
Texas
$186K +$86.5K +4,024 +87%
PI
132
PineBridge Investments
New York
$166K +$13.9K +646 +9%
OAM
133
Orinda Asset Management
California
$99K +$98.7K +4,596 New
Parallax Volatility Advisers
134
Parallax Volatility Advisers
California
$86K +$60.3K +2,806 +232%
Canada Life
135
Canada Life
Manitoba, Canada
$70K -$1.4M -65,108 -95%
ST
136
SpiderRock Trading
Illinois
$64K
Ohio Public Employees Retirement System (OPERS)
137
Ohio Public Employees Retirement System (OPERS)
Ohio
$63K +$63.2K +2,940 New
PNC Financial Services Group
138
PNC Financial Services Group
Pennsylvania
$55K +$9.37K +436 +20%
BlackRock
139
BlackRock
New York
$50K -$523K -24,328 -91%
TRCT
140
Tower Research Capital (TRC)
New York
$48K +$13.7K +638 +41%
PAM
141
Panagora Asset Management
Massachusetts
$43K
Bank of Montreal
142
Bank of Montreal
Ontario, Canada
$33K
RNS
143
Robert N. Shapiro
$4K
MFS
144
MSI Financial Services
Massachusetts
$3K
PFS
145
Penseco Financial Services
Pennsylvania
$3K +$3.14K +146 New
Credit Agricole
146
Credit Agricole
France
$3K +$3.44K +160 New
Northwestern Mutual Wealth Management
147
Northwestern Mutual Wealth Management
Wisconsin
$2K
U
148
UBS
Switzerland
$2K
Manulife (Manufacturers Life Insurance)
149
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.19K -$38.3K -1,782 -3%
RIM
150
Ranger Investment Management
Texas
-$44.2M -2,038,360 Closed

MTH Hedge Fund Activity: Q3 2013 in Review

149 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Meritage Homes (MTH) for Q3 2013, worth a combined $1.34B — down 3% from $1.38B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of MTH and 19 opened new positions — a net loss of 16 holders — while 43 trimmed existing stakes and 71 added.

The largest buyer was Citadel Advisors, adding an estimated $47.6M. The largest seller was Ranger Investment Management, exiting entirely with an estimated $44.2M sold.

  • 149 institutional investors held Meritage Homes (MTH) as of Q3 2013, down from 167 in Q2 2013.
  • Funds reported $1.34B of Meritage Homes stock for Q3 2013, down 3% quarter-over-quarter.
  • 19 funds opened new Meritage Homes positions in Q3 2013 and 35 closed out, a net change of -16 holders.
  • The largest Meritage Homes buyer in Q3 2013 was Citadel Advisors, an estimated $47.6M added.
  • The largest Meritage Homes seller in Q3 2013 was Ranger Investment Management, an estimated $44.2M sold.

Based on aggregated 13F filings for Q3 2013.