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.
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: 167 → 149 (-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: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$47.6M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
+$46.9M |
| 3 |
AIM
Assured Investment Management
New York
|
+$16.1M |
| 4 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$9.76M |
| 5 |
FIM
Foresters Investment Management
New York
|
+$9.27M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$44.2M |
| 2 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$25.6M |
| 3 |
KAM
Keeley Asset Management
Chicago,
Illinois
|
-$25.3M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$20.8M |
| 5 |
Bank of New York Mellon
New York
|
-$19.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DCM
176
Decade Capital Management
New York
| – | -$279K | -12,872 | Closed |
|
|
PFC
177
Phocas Financial Corp
Alameda,
California
| – | -$259K | -11,958 | Closed |
|
|
CIM
178
Contravisory Investment Management
Norwell,
Massachusetts
| – | -$136K | -6,280 | Closed |
|
|
SO
179
STRS Ohio
Columbus,
Ohio
| – | -$73K | -3,400 | Closed |
|
|
OMCS
180
Old Mutual Customised Solutions
Pinelands,
South Africa
| – | -$30K | -1,400 | Closed |
|
|
TSWM
181
Triangle Securities Wealth Management
Raleigh,
North Carolina
| – | -$24K | -1,124 | Closed |
|
182
Jones Financial Companies
Des Peres,
Missouri
| – | -$23K | -1,048 | Closed |
|
183
Group One Trading
Chicago,
Illinois
| – | -$5.29K | -246 | Closed |
|
184
Envestnet Asset Management
Chicago,
Illinois
| – | -$5K | -242 | 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.