Old Republic International
353 hedge funds and large institutions have $3.5B invested in Old Republic International in 2016 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 132 increasing their positions, 123 reducing their positions, and 68 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
6% more capital invested
Capital invested by funds: $3.31B → $3.5B (+$190M)
7% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 123
1.49% less ownership
Funds ownership: 72.52% → 71.03% (-1.5%)
7% less funds holding
Funds holding: 381 → 353 (-28)
35% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 68
47% less call options, than puts
Call options by funds: $886K | Put options by funds: $1.66M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRM
Capital Returns Management
Rye,
New York
|
+$25.4M |
| 2 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$24.7M |
| 3 |
Millennium Management
New York
|
+$22.2M |
| 4 |
D.E. Shaw & Co
New York
|
+$15.6M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$48.9M |
| 2 |
Morgan Stanley
New York
|
-$20.4M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$15.9M |
| 4 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$15.2M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$13.2M |
ORI Hedge Fund Activity: Q4 2016 in Review
353 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Old Republic International (ORI) for Q4 2016, worth a combined $3.5B — up 5.7% from $3.31B a quarter earlier.
Sellers outnumbered buyers: 68 funds closed out of ORI and 44 opened new positions — a net loss of 24 holders — while 123 trimmed existing stakes and 132 added.
The largest buyer was Capital Returns Management, opening a new position worth an estimated $25.4M. The largest seller was State Street, cutting an estimated $48.9M.
- 353 institutional investors held Old Republic International (ORI) as of Q4 2016, down from 381 in Q3 2016.
- Funds reported $3.5B of Old Republic International stock for Q4 2016, up 5.7% quarter-over-quarter.
- 44 funds opened new Old Republic International positions in Q4 2016 and 68 closed out, a net change of -24 holders.
- The largest Old Republic International buyer in Q4 2016 was Capital Returns Management, an estimated $25.4M added.
- The largest Old Republic International seller in Q4 2016 was State Street, an estimated $48.9M sold.
Based on aggregated 13F filings for Q4 2016.