Novanta
NOVT
191 hedge funds and large institutions have $2.61B invested in Novanta in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 66 increasing their positions, 75 reducing their positions, and 16 closing their positions.
63% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 16
39% more capital invested
Capital invested by funds: $1.87B → $2.61B (+$738M)
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
4% more funds holding
Funds holding: 183 → 191 (+8)
2.28% more ownership
Funds ownership: 85.93% → 88.21% (+2.3%)
12% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 75
27% less call options, than puts
Call options by funds: $3.4M | Put options by funds: $4.65M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$28.1M |
| 2 |
RI
Redwood Investments
Boston,
Massachusetts
|
+$18.2M |
| 3 |
Goldman Sachs
New York
|
+$13.7M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$12.1M |
| 5 |
ACB
Aristotle Capital Boston
Boston,
Massachusetts
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$22M |
| 2 |
DCM
Daruma Capital Management
New York
|
-$12.3M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$9.08M |
| 4 |
PIM
Paradice Investment Management
Denver,
Colorado
|
-$6.61M |
| 5 |
BlackRock
New York
|
-$4.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CSS
201
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$250K | -3,968 | Closed |
|
|
AIM
202
Assured Investment Management
New York
| – | -$184K | -2,924 | Closed |
|
|
MWNA
203
Marshall Wace North America
New York
| – | -$57K | -911 | Closed |
|
|
BAM
204
Barrett Asset Management
New York
| – | -$32K | -500 | Closed |
|
205
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$29K | -462 | Closed |
|
|
SWM
206
SeaCrest Wealth Management
Purchase,
New York
| – | -$16K | -248 | Closed |
|
|
HMS
207
Hanseatic Management Services
Albuquerque,
New Mexico
| – | -$1K | -18 | Closed |
|
NOVT Hedge Fund Activity: Q1 2019 in Review
191 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Novanta (NOVT) for Q1 2019, worth a combined $2.61B — up 39% from $1.87B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new NOVT positions and 16 closed out — a net gain of 10 holders — while 66 added to existing stakes and 75 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $28.1M. The largest seller was Wells Fargo, cutting an estimated $22M.
- 191 institutional investors held Novanta (NOVT) as of Q1 2019, up from 183 in Q4 2018.
- Funds reported $2.61B of Novanta stock for Q1 2019, up 39% quarter-over-quarter.
- 26 funds opened new Novanta positions in Q1 2019 and 16 closed out, a net change of +10 holders.
- The largest Novanta buyer in Q1 2019 was AllianceBernstein, an estimated $28.1M added.
- The largest Novanta seller in Q1 2019 was Wells Fargo, an estimated $22M sold.
Based on aggregated 13F filings for Q1 2019.