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Navient

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.

New
Increased
Maintained
Reduced
Closed

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: 337326 (-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: 21 (-1)

Holders
326
Holders Change
-11
Holders Change %
-3.26%
% of All Funds
7.45%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
30
Increased
90
Reduced
146
Closed
38
Calls
$2.1M
Puts
$3.22M
Net Calls
-$1.13M
Net Calls Change
-$980K
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
26
Invesco
Georgia
$24M +$6.47M +477,719 +37%
Bank of Montreal
27
Bank of Montreal
Ontario, Canada
$23.7M +$929K +68,669 +4%
Fiera Capital (Canada)
28
Fiera Capital (Canada)
Quebec, Canada
$23.5M -$230K -17,028 -1%
TIM
29
Thornburg Investment Management
New Mexico
$21.2M +$16.6M +1,224,702 +350%
WI
30
WBI Investments
New Jersey
$18.7M +$18.1M +1,334,983 +2,564%
N
31
Nuveen
North Carolina
$18.6M +$17.6M +1,297,103 +1,574%
Wellington Management Group
32
Wellington Management Group
Massachusetts
$15.1M +$5.73M +423,091 +61%
New York State Common Retirement Fund
33
New York State Common Retirement Fund
New York
$15M +$299K +22,064 +2%
Principal Financial Group
34
Principal Financial Group
Iowa
$14.4M -$1.54M -114,040 -10%
USAA
35
United Services Automobile Association
Texas
$14.1M -$278K -20,552 -2%
Bank of America
36
Bank of America
North Carolina
$12.5M +$1.52M +112,470 +14%
Federated Hermes
37
Federated Hermes
Pennsylvania
$12.3M +$4.88M +360,687 +65%
Ameriprise
38
Ameriprise
Minnesota
$12M -$405K -29,912 -3%
California Public Employees Retirement System
39
California Public Employees Retirement System
California
$10.8M -$344K -25,433 -3%
First Trust Advisors
40
First Trust Advisors
Illinois
$10.8M +$1.27M +93,528 +13%
SI
41
Sapience Investments
California
$10.6M -$81.2K -6,000 -0.8%
BGIM
42
Brandywine Global Investment Management
Pennsylvania
$10.2M +$9.91M +732,001 +3,380%
Deutsche Bank
43
Deutsche Bank
Germany
$10.1M -$3.97M -293,451 -28%
Citadel Advisors
44
Citadel Advisors
Florida
$9.12M -$11.7M -865,823 -56%
MCM
45
Matarin Capital Management
New York
$9.07M +$9.1M +672,703 New
TCIM
46
TIAA CREF Investment Management
New York
$8.72M -$423K -31,231 -5%
NSAM
47
North Star Asset Management
Wisconsin
$8.08M +$154K +11,380 +2%
Legal & General Group
48
Legal & General Group
United Kingdom
$7.59M -$210K -15,498 -3%
Balyasny Asset Management
49
Balyasny Asset Management
Illinois
$7.49M +$5.35M +395,300 +246%
IP
50
Interval Partners
New York
$7.11M +$4.29M +317,055 +151%

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.