Navient
NAVI
365 hedge funds and large institutions have $3.8B invested in Navient in 2016 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 106 increasing their positions, 162 reducing their positions, and 36 closing their positions.
22% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 36
1% more funds holding
Funds holding: 360 → 365 (+5)
2% less capital invested
Capital invested by funds: $3.89B → $3.8B (-$92.8M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
35% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 162
64% less call options, than puts
Call options by funds: $6.4M | Put options by funds: $17.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$36.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$27.8M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$21.8M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$15M |
| 5 |
MLM
Mount Lucas Management
Newtown,
Pennsylvania
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Carlson Capital
Dallas,
Texas
|
-$36.5M |
| 2 |
O
OppenheimerFunds
New York
|
-$29M |
| 3 |
Goldman Sachs
New York
|
-$26.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$19.9M |
| 5 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$19.3M |
NAVI Hedge Fund Activity: Q1 2016 in Review
365 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Navient (NAVI) for Q1 2016, worth a combined $3.8B — down 2.4% from $3.89B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new NAVI positions and 36 closed out — a net gain of 8 holders — while 106 added to existing stakes and 162 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $36.1M. The largest seller was Carlson Capital, cutting an estimated $36.5M.
- 365 institutional investors held Navient (NAVI) as of Q1 2016, up from 360 in Q4 2015.
- Funds reported $3.8B of Navient stock for Q1 2016, down 2.4% quarter-over-quarter.
- 44 funds opened new Navient positions in Q1 2016 and 36 closed out, a net change of +8 holders.
- The largest Navient buyer in Q1 2016 was Fidelity Investments, an estimated $36.1M added.
- The largest Navient seller in Q1 2016 was Carlson Capital, an estimated $36.5M sold.
Based on aggregated 13F filings for Q1 2016.