Openlane
OPLN
224 hedge funds and large institutions have $1.77B invested in Openlane in 2024 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 69 increasing their positions, 76 reducing their positions, and 31 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
0.18% less ownership
Funds ownership: 98.43% → 98.25% (-0.18%)
4% less capital invested
Capital invested by funds: $1.84B → $1.77B (-$74.2M)
9% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 76
3% less funds holding
Funds holding: 230 → 224 (-6)
13% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 31
19% less call options, than puts
Call options by funds: $391K | Put options by funds: $484K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$58M |
| 2 |
CCM
Cadian Capital Management
New York
|
+$38.4M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$11.4M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$5.71M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$4.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$44.7M |
| 2 |
SCM
Snyder Capital Management
San Francisco,
California
|
-$37M |
| 3 |
Millennium Management
New York
|
-$8.73M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$8M |
| 5 |
Morgan Stanley
New York
|
-$7.71M |
OPLN Hedge Fund Activity: Q2 2024 in Review
224 of the 6,928 institutional investors tracked by Wall St. Rank reported a position in Openlane (OPLN) for Q2 2024, worth a combined $1.77B — down 4% from $1.84B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of OPLN and 27 opened new positions — a net loss of 4 holders — while 76 trimmed existing stakes and 69 added.
The largest buyer was River Road Asset Management, adding an estimated $58M. The largest seller was Cardinal Capital Management LLC (Connecticut), cutting an estimated $44.7M.
- 224 institutional investors held Openlane (OPLN) as of Q2 2024, down from 230 in Q1 2024.
- Funds reported $1.77B of Openlane stock for Q2 2024, down 4% quarter-over-quarter.
- 27 funds opened new Openlane positions in Q2 2024 and 31 closed out, a net change of -4 holders.
- The largest Openlane buyer in Q2 2024 was River Road Asset Management, an estimated $58M added.
- The largest Openlane seller in Q2 2024 was Cardinal Capital Management LLC (Connecticut), an estimated $44.7M sold.
Based on aggregated 13F filings for Q2 2024.