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NGHC

National General Holdings Corp

NGHC

Delisted

NGHC was delisted on the 31st of December, 2020.

170 hedge funds and large institutions have $2.25B invested in National General Holdings Corp in 2020 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 66 increasing their positions, 49 reducing their positions, and 44 closing their positions.

New

Increased

Maintained

Reduced

Closed

35% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 49

4% more capital invested

Capital invested by funds: $2.17B → $2.25B (+$81.8M)

3% less funds holding

Funds holding: 176 → 170 (-6)

7% less funds holding in top 10

Funds holding in top 10: 14 → 13 (-1)

11% less first-time investments, than exits

New positions opened: 39 | Existing positions closed: 44

62% less call options, than puts

Call options by funds: $28.2M | Put options by funds: $75.1M

Holders

170

Holders Change

-6

Holders Change %

-3.41%

% of All Funds

3.01%

Holding in Top 10

Holding in Top 10 Change

-1

Holding in Top 10 Change %

-7.14%

% of All Funds

0.23%

New

Increased

Reduced

Closed

Calls

$28.2M

Puts

$75.1M

Net Calls

-$46.8M

Net Calls Change

-$47.2M

Top Buyers

1	Goldman Sachs New York	+$78.8M
2	Millennium Management New York	+$71.9M
3	WCMNY Westchester Capital Management (New York) Valhalla, New York	+$68.8M
4	GCL Glazer Capital LLC New York	+$36.9M
5	Healthcare of Ontario Pension Plan (HOOPP) Trust Fund Toronto, Ontario, Canada	+$36.5M

Top Sellers

1	MP MSD Partners New York	-$73M
2	UOC UBS O'Connor Chicago, Illinois	-$60.7M
3	PCM Pentwater Capital Management Naples, Florida	-$60M
4	Brown Advisory Baltimore, Maryland	-$53.8M
5	CC Carlson Capital Dallas, Texas	-$51.5M

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 Vanguard Group Malvern, Pennsylvania	$212M	+$6.05M	+177,577	+3%
2	2 Goldman Sachs New York	$189M	+$78.8M	+2,314,857	+72%
3	3 BlackRock New York	$172M	+$8.83M	+259,311	+5%
4	4 Millennium Management New York	$118M	+$71.9M	+2,111,566	+158%
5	5 Dimensional Fund Advisors Austin, Texas	$115M	-$669K	-19,657	-0.6%
6	AAM 6 Alpine Associates Management Palm Beach, Florida	$107M	+$16.7M	+489,124	+19%
7	WIC 7 Water Island Capital New York	$84.7M	+$19M	+558,091	+29%
8	WCMNY 8 Westchester Capital Management (New York) Valhalla, New York	$69.1M	+$68.8M	+2,020,689	New
9	AFS 9 Amtrust Financial Services New York	$58.4M	–	–	–
10	VI 10 Versor Investments New York	$54.1M	-$5.11M	-150,061	-9%
11	11 Boston Partners Boston, Massachusetts	$47.6M	-$11.7M	-343,113	-20%
12	12 State Street Boston, Massachusetts	$45.5M	-$193K	-5,663	-0.4%
13	GCL 13 Glazer Capital LLC New York	$42.6M	+$36.9M	+1,084,594	+723%
14	DAM 14 DLD Asset Management New York	$41M	-$2.32M	-68,194	-5%
15	15 Fidelity International Hamilton, Bermuda	$38.4M	+$796K	+23,385	+2%
16	16 Northern Trust Chicago, Illinois	$37.7M	-$14.9M	-437,129	-28%
17	17 Morgan Stanley New York	$36.7M	+$13.7M	+401,718	+60%
18	18 Healthcare of Ontario Pension Plan (HOOPP) Trust Fund Toronto, Ontario, Canada	$36.7M	+$36.5M	+1,072,300	New
19	19 Norges Bank Oslo, Norway	$33.1M	+$1.06M	+31,174	+3%
20	AA 20 AQR Arbitrage Greenwich, Connecticut	$29.7M	-$6.33M	-185,914	-18%
21	21 Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts	$29M	+$23.8M	+698,376	+468%
22	FTCM 22 First Trust Capital Management Chicago, Illinois	$28.4M	+$1.17M	+34,242	+4%
23	23 Susquehanna International Group Bala Cynwyd, Pennsylvania	$28.4M	+$26.7M	+784,308	+1,691%
24	24 Barclays London, United Kingdom	$25.1M	-$24.4M	-718,015	-49%
25	CS 25 Credit Suisse Zurich, Switzerland	$22.8M	+$258K	+7,583	+1%

NGHC Hedge Fund Activity: Q4 2020 in Review

170 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in National General Holdings Corp (NGHC) for Q4 2020, worth a combined $2.25B — up 3.8% from $2.17B a quarter earlier.

Sellers outnumbered buyers: 44 funds closed out of NGHC and 39 opened new positions — a net loss of 5 holders — while 49 trimmed existing stakes and 66 added.

The largest buyer was Goldman Sachs, adding an estimated $78.8M. The largest seller was MSD Partners, exiting entirely with an estimated $73M sold.

170 institutional investors held National General Holdings Corp (NGHC) as of Q4 2020, down from 176 in Q3 2020.
Funds reported $2.25B of National General Holdings Corp stock for Q4 2020, up 3.8% quarter-over-quarter.
39 funds opened new National General Holdings Corp positions in Q4 2020 and 44 closed out, a net change of -5 holders.
The largest National General Holdings Corp buyer in Q4 2020 was Goldman Sachs, an estimated $78.8M added.
The largest National General Holdings Corp seller in Q4 2020 was MSD Partners, an estimated $73M sold.

Based on aggregated 13F filings for Q4 2020.

National General Holdings Corp NGHC