Octave Specialty Group
OSG
146 hedge funds and large institutions have $629M invested in Octave Specialty Group in 2017 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 49 increasing their positions, 44 reducing their positions, and 26 closing their positions.
411% more call options, than puts
Call options by funds: $30.2M | Put options by funds: $5.91M
11% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 44
1.08% more ownership
Funds ownership: 72.68% → 73.76% (+1.1%)
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
3% less funds holding
Funds holding: 150 → 146 (-4)
15% less capital invested
Capital invested by funds: $738M → $629M (-$109M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$44.6M |
| 2 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
+$17.6M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
+$11M |
| 4 |
Goldman Sachs
New York
|
+$10.3M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$9.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Venor Capital Management
New York
|
-$24.3M |
| 2 |
AGC
Alden Global Capital
Brandon,
Florida
|
-$9.08M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.84M |
| 4 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$6.33M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$4.51M |
OSG Hedge Fund Activity: Q1 2017 in Review
146 institutional investors reported a position in Octave Specialty Group (OSG) for Q1 2017, worth a combined $629M — down 15% from $738M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new OSG positions and 26 closed out — a net gain of 2 holders — while 49 added to existing stakes and 44 trimmed.
The largest buyer was BlackRock, adding an estimated $44.6M. The largest seller was Venor Capital Management, exiting entirely with an estimated $24.3M sold.
- 146 institutional investors held Octave Specialty Group (OSG) as of Q1 2017, down from 150 in Q4 2016.
- Funds reported $629M of Octave Specialty Group stock for Q1 2017, down 15% quarter-over-quarter.
- 28 funds opened new Octave Specialty Group positions in Q1 2017 and 26 closed out, a net change of +2 holders.
- The largest Octave Specialty Group buyer in Q1 2017 was BlackRock, an estimated $44.6M added.
- The largest Octave Specialty Group seller in Q1 2017 was Venor Capital Management, an estimated $24.3M sold.
Based on aggregated 13F filings for Q1 2017.