Novanta
NOVT
115 hedge funds and large institutions have $708M invested in Novanta in 2017 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 38 increasing their positions, 39 reducing their positions, and 13 closing their positions.
108% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
28% more capital invested
Capital invested by funds: $551M → $708M (+$157M)
7% more funds holding
Funds holding: 107 → 115 (+8)
1.19% more ownership
Funds ownership: 76.16% → 77.35% (+1.2%)
3% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$44.7M |
| 2 |
BlackRock
New York
|
+$42.7M |
| 3 |
KI
Kalmar Investments
Greenville,
Delaware
|
+$4.5M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
+$2.74M |
| 5 |
PIM
Paradice Investment Management
Denver,
Colorado
|
+$2.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.8M |
| 2 |
NIMC
NWQ Investment Management Company
Los Angeles,
California
|
-$10.8M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$8.44M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.7M |
| 5 |
CSC
Cove Street Capital
El Segundo,
California
|
-$6.24M |
NOVT Hedge Fund Activity: Q1 2017 in Review
115 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Novanta (NOVT) for Q1 2017, worth a combined $708M — up 28% from $551M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new NOVT positions and 13 closed out — a net gain of 14 holders — while 38 added to existing stakes and 39 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $44.7M. The largest seller was Polar Asset Management Partners, cutting an estimated $12.8M.
- 115 institutional investors held Novanta (NOVT) as of Q1 2017, up from 107 in Q4 2016.
- Funds reported $708M of Novanta stock for Q1 2017, up 28% quarter-over-quarter.
- 27 funds opened new Novanta positions in Q1 2017 and 13 closed out, a net change of +14 holders.
- The largest Novanta buyer in Q1 2017 was T. Rowe Price Associates, an estimated $44.7M added.
- The largest Novanta seller in Q1 2017 was Polar Asset Management Partners, an estimated $12.8M sold.
Based on aggregated 13F filings for Q1 2017.