Octave Specialty Group
OSG
120 hedge funds and large institutions have $548M invested in Octave Specialty Group in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 44 increasing their positions, 35 reducing their positions, and 19 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 35
5% less capital invested
Capital invested by funds: $575M → $548M (-$27.1M)
3.12% less ownership
Funds ownership: 73.3% → 70.18% (-3.1%)
7% less funds holding
Funds holding: 129 → 120 (-9)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
37% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 19
80% less call options, than puts
Call options by funds: $14M | Put options by funds: $70.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$9.97M |
| 2 |
TAM
TFG Asset Management
Grand Cayman,
Cayman Islands
|
+$1.74M |
| 3 |
JP Morgan Chase
New York
|
+$1.67M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$1.37M |
| 5 |
SAM
Serengeti Asset Management
New York
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$7.22M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$4.89M |
| 3 |
AGC
Alden Global Capital
Brandon,
Florida
|
-$4.84M |
| 4 |
SPCM
Sound Point Capital Management
New York
|
-$3.57M |
| 5 |
GAM
Goldentree Asset Management
New York
|
-$3.03M |
OSG Hedge Fund Activity: Q3 2017 in Review
120 institutional investors reported a position in Octave Specialty Group (OSG) for Q3 2017, worth a combined $548M — down 4.7% from $575M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of OSG and 12 opened new positions — a net loss of 7 holders — while 35 trimmed existing stakes and 44 added.
The largest buyer was EJF Capital, adding an estimated $9.97M. The largest seller was AQR Capital Management, cutting an estimated $7.22M.
- 120 institutional investors held Octave Specialty Group (OSG) as of Q3 2017, down from 129 in Q2 2017.
- Funds reported $548M of Octave Specialty Group stock for Q3 2017, down 4.7% quarter-over-quarter.
- 12 funds opened new Octave Specialty Group positions in Q3 2017 and 19 closed out, a net change of -7 holders.
- The largest Octave Specialty Group buyer in Q3 2017 was EJF Capital, an estimated $9.97M added.
- The largest Octave Specialty Group seller in Q3 2017 was AQR Capital Management, an estimated $7.22M sold.
Based on aggregated 13F filings for Q3 2017.