Navient
NAVI
346 hedge funds and large institutions have $7B invested in Navient in 2014 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 110 increasing their positions, 135 reducing their positions, and 37 closing their positions.
27% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 37
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
11% more call options, than puts
Call options by funds: $14.2M | Put options by funds: $12.9M
2% more funds holding
Funds holding: 338 → 346 (+8)
3% more capital invested
Capital invested by funds: $6.81B → $7B (+$191M)
19% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 135
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
+$440M |
| 2 |
Goldman Sachs
New York
|
+$65.4M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$37.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$33.9M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$28.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
-$91.6M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$74.1M |
| 3 |
D.E. Shaw & Co
New York
|
-$71.7M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
-$50M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$45.2M |
NAVI Hedge Fund Activity: Q3 2014 in Review
346 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Navient (NAVI) for Q3 2014, worth a combined $7B — up 2.8% from $6.81B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new NAVI positions and 37 closed out — a net gain of 10 holders — while 110 added to existing stakes and 135 trimmed.
The largest buyer was Allianz Asset Management, opening a new position worth an estimated $440M. The largest seller was Abrams Capital Management, exiting entirely with an estimated $91.6M sold.
- 346 institutional investors held Navient (NAVI) as of Q3 2014, up from 338 in Q2 2014.
- Funds reported $7B of Navient stock for Q3 2014, up 2.8% quarter-over-quarter.
- 47 funds opened new Navient positions in Q3 2014 and 37 closed out, a net change of +10 holders.
- The largest Navient buyer in Q3 2014 was Allianz Asset Management, an estimated $440M added.
- The largest Navient seller in Q3 2014 was Abrams Capital Management, an estimated $91.6M sold.
Based on aggregated 13F filings for Q3 2014.