Noah Holdings
NOAH
65 hedge funds and large institutions have $477M invested in Noah Holdings in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 15 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 20
3.08% less ownership
Funds ownership: 80.42% → 77.35% (-3.1%)
8% less funds holding
Funds holding: 71 → 65 (-6)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
19% less capital invested
Capital invested by funds: $590M → $477M (-$113M)
40% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 15
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $835K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$16.7M |
| 2 |
WA
WFM Asia
Road Town, Tortola,
British Virgin Islands
|
+$9.3M |
| 3 |
YCM
Yiheng Capital Management
San Francisco,
California
|
+$4.04M |
| 4 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$3.22M |
| 5 |
HP
Hosking Partners
London,
United Kingdom
|
+$2.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$26.5M |
| 2 |
OAM
Origin Asset Management
London,
United Kingdom
|
-$7.63M |
| 3 |
Goldman Sachs
New York
|
-$7.55M |
| 4 |
ACM
Ariose Capital Management
Central, Hong Kong,
Hong Kong
|
-$6.99M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
-$6.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IR
76
Invictus RG
Hamilton,
Bermuda
| – | -$69K | -2,647 | Closed |
|
77
Lazard Asset Management
New York
| – | -$2K | -100 | Closed |
|
|
TRCT
78
Tower Research Capital (TRC)
New York
| – | -$3K | -100 | Closed |
|
79
Envestnet Asset Management
Chicago,
Illinois
| – | +$337 | +14 | New |
|
NOAH Hedge Fund Activity: Q4 2016 in Review
65 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Noah Holdings (NOAH) for Q4 2016, worth a combined $477M — down 19% from $590M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NOAH and 9 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 21 added.
The largest buyer was Fidelity International, adding an estimated $16.7M. The largest seller was Wellington Management Group, cutting an estimated $26.5M.
- 65 institutional investors held Noah Holdings (NOAH) as of Q4 2016, down from 71 in Q3 2016.
- Funds reported $477M of Noah Holdings stock for Q4 2016, down 19% quarter-over-quarter.
- 9 funds opened new Noah Holdings positions in Q4 2016 and 15 closed out, a net change of -6 holders.
- The largest Noah Holdings buyer in Q4 2016 was Fidelity International, an estimated $16.7M added.
- The largest Noah Holdings seller in Q4 2016 was Wellington Management Group, an estimated $26.5M sold.
Based on aggregated 13F filings for Q4 2016.