Navient
NAVI
326 hedge funds and large institutions have $3.3B invested in Navient in 2018 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 90 increasing their positions, 146 reducing their positions, and 38 closing their positions.
3.81% more ownership
Funds ownership: 88.64% → 92.44% (+3.8%)
2% more capital invested
Capital invested by funds: $3.22B → $3.3B (+$77.9M)
3% less funds holding
Funds holding: 337 → 326 (-11)
21% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 38
35% less call options, than puts
Call options by funds: $2.1M | Put options by funds: $3.22M
38% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 146
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
+$29.7M |
| 2 |
WI
WBI Investments
Red Bank,
New Jersey
|
+$18.1M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$17.6M |
| 4 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
+$16.6M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$11.8M |
Top Sellers
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$40.3M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$22.7M |
| 3 |
BlackRock
New York
|
-$18.4M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$12.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$11.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GT
351
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$11K | -815 | Closed |
|
|
IWP
352
Icon Wealth Partners
Houston,
Texas
| – | -$10K | -747 | Closed |
|
|
PW
353
Price Wealth
Austin,
Texas
| – | -$5K | -356 | Closed |
|
|
TFS
354
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$2K | -119 | Closed |
|
|
PIA
355
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$1K | -102 | Closed |
|
356
Fidelity International
Hamilton,
Bermuda
| – | +$284 | +21 | New |
|
|
MWPCG
357
Measured Wealth Private Client Group
Portsmouth,
New Hampshire
| – | +$487 | +36 | New |
|
|
CAG
358
Csenge Advisory Group
Clearwater,
Florida
| – | +$623 | +46 | New |
|
NAVI Hedge Fund Activity: Q3 2018 in Review
326 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Navient (NAVI) for Q3 2018, worth a combined $3.3B — up 2.4% from $3.22B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of NAVI and 30 opened new positions — a net loss of 8 holders — while 146 trimmed existing stakes and 90 added.
The largest buyer was Carlson Capital, adding an estimated $29.7M. The largest seller was Orbis Allan Gray, exiting entirely with an estimated $40.3M sold.
- 326 institutional investors held Navient (NAVI) as of Q3 2018, down from 337 in Q2 2018.
- Funds reported $3.3B of Navient stock for Q3 2018, up 2.4% quarter-over-quarter.
- 30 funds opened new Navient positions in Q3 2018 and 38 closed out, a net change of -8 holders.
- The largest Navient buyer in Q3 2018 was Carlson Capital, an estimated $29.7M added.
- The largest Navient seller in Q3 2018 was Orbis Allan Gray, an estimated $40.3M sold.
Based on aggregated 13F filings for Q3 2018.