Novanta
NOVT
134 hedge funds and large institutions have $977M invested in Novanta in 2017 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 51 increasing their positions, 46 reducing their positions, and 10 closing their positions.
264% more call options, than puts
Call options by funds: $1.49M | Put options by funds: $408K
200% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 10
38% more capital invested
Capital invested by funds: $708M → $977M (+$269M)
17% more funds holding
Funds holding: 115 → 134 (+19)
11% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 46
1.2% more ownership
Funds ownership: 77.35% → 78.54% (+1.2%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$30.2M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$18.8M |
| 3 |
EBIM
Eagle Boston Investment Management
Boston,
Massachusetts
|
+$13M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$8.77M |
| 5 |
BAMCO Inc
New York
|
+$5.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSC
Cove Street Capital
El Segundo,
California
|
-$14.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$13.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$8.83M |
| 4 |
RA
Royce & Associates
New York
|
-$8.63M |
| 5 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$6.52M |
NOVT Hedge Fund Activity: Q2 2017 in Review
134 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Novanta (NOVT) for Q2 2017, worth a combined $977M — up 38% from $708M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new NOVT positions and 10 closed out — a net gain of 20 holders — while 51 added to existing stakes and 46 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $30.2M. The largest seller was Cove Street Capital, cutting an estimated $14.7M.
- 134 institutional investors held Novanta (NOVT) as of Q2 2017, up from 115 in Q1 2017.
- Funds reported $977M of Novanta stock for Q2 2017, up 38% quarter-over-quarter.
- 30 funds opened new Novanta positions in Q2 2017 and 10 closed out, a net change of +20 holders.
- The largest Novanta buyer in Q2 2017 was T. Rowe Price Associates, an estimated $30.2M added.
- The largest Novanta seller in Q2 2017 was Cove Street Capital, an estimated $14.7M sold.
Based on aggregated 13F filings for Q2 2017.