NetEase
NTES
333 hedge funds and large institutions have $11B invested in NetEase in 2016 Q1 according to their latest regulatory filings, with 77 funds opening new positions, 135 increasing their positions, 92 reducing their positions, and 41 closing their positions.
88% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 41
47% more repeat investments, than reductions
Existing positions increased: 135 | Existing positions reduced: 92
11% more funds holding
Funds holding: 299 → 333 (+34)
19% less capital invested
Capital invested by funds: $13.6B → $11B (-$2.63B)
20% less call options, than puts
Call options by funds: $70.1M | Put options by funds: $88M
24% less funds holding in top 10
Funds holding in top 10: 29 → 22 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$111M |
| 2 |
CAM
Coronation Asset Management
Cape Town,
South Africa
|
+$74.4M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$49.2M |
| 4 |
CCMH
Cornerstone Capital Management Holdings
New York
|
+$48.1M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$43.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$201M |
| 2 |
VAM
Vontobel Asset Management
New York
|
-$82.9M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$66.3M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$65.7M |
| 5 |
OH
Overlook Holdings
Tortola,
British Virgin Islands
|
-$53.6M |
NTES Hedge Fund Activity: Q1 2016 in Review
333 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in NetEase (NTES) for Q1 2016, worth a combined $11B — down 19% from $13.6B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new NTES positions and 41 closed out — a net gain of 36 holders — while 135 added to existing stakes and 92 trimmed.
The largest buyer was Invesco, adding an estimated $111M. The largest seller was Discovery Capital Management, exiting entirely with an estimated $201M sold.
- 333 institutional investors held NetEase (NTES) as of Q1 2016, up from 299 in Q4 2015.
- Funds reported $11B of NetEase stock for Q1 2016, down 19% quarter-over-quarter.
- 77 funds opened new NetEase positions in Q1 2016 and 41 closed out, a net change of +36 holders.
- The largest NetEase buyer in Q1 2016 was Invesco, an estimated $111M added.
- The largest NetEase seller in Q1 2016 was Discovery Capital Management, an estimated $201M sold.
Based on aggregated 13F filings for Q1 2016.