Outfront Media
226 hedge funds and large institutions have $2.8B invested in Outfront Media in 2023 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 86 increasing their positions, 73 reducing their positions, and 28 closing their positions.
36% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 28
18% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 73
4% more funds holding
Funds holding: 217 → 226 (+9)
3% more call options, than puts
Call options by funds: $1.38M | Put options by funds: $1.33M
2% less capital invested
Capital invested by funds: $2.85B → $2.8B (-$51.5M)
1.18% less ownership
Funds ownership: 107.25% → 106.07% (-1.2%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$42.4M |
| 2 |
Morgan Stanley
New York
|
+$33M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$31.6M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$30.1M |
| 5 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$26.1M |
Top Sellers
| 1 |
Citadel Advisors
Miami,
Florida
|
-$56.8M |
| 2 |
Amundi
Paris,
France
|
-$47.5M |
| 3 |
Goldman Sachs
New York
|
-$43.6M |
| 4 |
BlackRock
New York
|
-$22M |
| 5 |
PCP
P2 Capital Partners
New York
|
-$20.7M |
OUT Hedge Fund Activity: Q1 2023 in Review
226 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Outfront Media (OUT) for Q1 2023, worth a combined $2.8B — down 1.8% from $2.85B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new OUT positions and 28 closed out — a net gain of 10 holders — while 86 added to existing stakes and 73 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $42.4M. The largest seller was Citadel Advisors, cutting an estimated $56.8M.
- 226 institutional investors held Outfront Media (OUT) as of Q1 2023, up from 217 in Q4 2022.
- Funds reported $2.8B of Outfront Media stock for Q1 2023, down 1.8% quarter-over-quarter.
- 38 funds opened new Outfront Media positions in Q1 2023 and 28 closed out, a net change of +10 holders.
- The largest Outfront Media buyer in Q1 2023 was Fidelity Investments, an estimated $42.4M added.
- The largest Outfront Media seller in Q1 2023 was Citadel Advisors, an estimated $56.8M sold.
Based on aggregated 13F filings for Q1 2023.