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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
Barrow, Hanley, Mewhinney & Strauss
1
Barrow, Hanley, Mewhinney & Strauss
Texas
$355M -$6.39M -472,304 -2%
CCA
2
Canyon Capital Advisors
Texas
$346M +$568K +42,000 +0.2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$322M -$1.44M -106,204 -0.4%
BlackRock
4
BlackRock
New York
$311M -$18.4M -1,362,870 -6%
Boston Partners
5
Boston Partners
Massachusetts
$215M -$11.2M -828,627 -5%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$160M +$875K +64,619 +0.5%
State Street
7
State Street
Massachusetts
$94.1M -$4.24M -313,032 -4%
LSV Asset Management
8
LSV Asset Management
Illinois
$92.2M +$5.99M +442,315 +7%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$76.9M -$2.95M -217,819 -4%
CC
10
Carlson Capital
Texas
$59.9M +$29.7M +2,195,548 +98%
AL
11
AJO LP
Pennsylvania
$58.4M +$11.8M +875,465 +25%
Prudential Financial
12
Prudential Financial
New Jersey
$54.6M -$12.2M -900,089 -18%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$53.7M +$646K +47,749 +1%
O
14
OppenheimerFunds
New York
$52.4M +$3.55M +262,571 +7%
EVM
15
Eaton Vance Management
Massachusetts
$51.1M +$572K +42,260 +1%
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$49.9M -$6.4M -472,797 -11%
Goldman Sachs
17
Goldman Sachs
New York
$43.7M -$1.04M -76,841 -2%
Northern Trust
18
Northern Trust
Illinois
$43.4M -$2.89M -213,832 -6%
Geode Capital Management
19
Geode Capital Management
Massachusetts
$40.2M +$1.96M +144,579 +5%
Norges Bank
20
Norges Bank
Norway
$40M
PPA
21
Parametric Portfolio Associates
Washington
$31.2M +$670K +49,485 +2%
Man Group
22
Man Group
United Kingdom
$27.7M +$7.44M +549,627 +36%
Charles Schwab
23
Charles Schwab
California
$25.7M -$378K -27,956 -1%
Robeco Institutional Asset Management
24
Robeco Institutional Asset Management
Netherlands
$25.4M +$5.53M +408,422 +28%
Arrowstreet Capital
25
Arrowstreet Capital
Massachusetts
$24.4M +$8.74M +645,908 +56%

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.