Offerpad Solutions
OPAD
44 hedge funds and large institutions have $131M invested in Offerpad Solutions in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 2 closing their positions.
350% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 2
19% more funds holding
Funds holding: 37 → 44 (+7)
0.07% more ownership
Funds ownership: 5.84% → 5.91% (+0.07%)
20% less capital invested
Capital invested by funds: $163M → $131M (-$32.4M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
53% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 15
78% less call options, than puts
Call options by funds: $2K | Put options by funds: $9K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$870K |
| 2 |
Goldman Sachs
New York
|
+$466K |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$454K |
| 4 |
HF
HRT Financial
New York
|
+$248K |
| 5 |
BlackRock
New York
|
+$161K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$320K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$181K |
| 3 |
Morgan Stanley
New York
|
-$133K |
| 4 |
Renaissance Technologies
New York
|
-$71.9K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$48.1K |
OPAD Hedge Fund Activity: Q1 2024 in Review
44 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Offerpad Solutions (OPAD) for Q1 2024, worth a combined $131M — down 20% from $163M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new OPAD positions and 2 closed out — a net gain of 7 holders — while 7 added to existing stakes and 15 trimmed.
The largest buyer was Millennium Management, adding an estimated $870K. The largest seller was Invesco, exiting entirely with an estimated $320K sold.
- 44 institutional investors held Offerpad Solutions (OPAD) as of Q1 2024, up from 37 in Q4 2023.
- Funds reported $131M of Offerpad Solutions stock for Q1 2024, down 20% quarter-over-quarter.
- 9 funds opened new Offerpad Solutions positions in Q1 2024 and 2 closed out, a net change of +7 holders.
- The largest Offerpad Solutions buyer in Q1 2024 was Millennium Management, an estimated $870K added.
- The largest Offerpad Solutions seller in Q1 2024 was Invesco, an estimated $320K sold.
Based on aggregated 13F filings for Q1 2024.