Pendrell Corporation - Class A
PCO
PCO was delisted on the 15th of December, 2017.
43 hedge funds and large institutions have $53.5M invested in Pendrell Corporation - Class A in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 12 closing their positions.
1% less capital invested
Capital invested by funds: $54.1M → $53.5M (-$672K)
10% less funds holding
Funds holding: 48 → 43 (-5)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NRCM
Northern Right Capital Management
Darien,
Connecticut
|
+$1.3M |
| 2 |
AI
Ariel Investments
Chicago,
Illinois
|
+$864K |
| 3 |
Renaissance Technologies
New York
|
+$178K |
| 4 |
SIM
Spark Investment Management
New York
|
+$98.4K |
| 5 |
CGL
Clarius Group LLC
Seattle,
Washington
|
+$71.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
-$19.2M |
| 2 |
Millennium Management
New York
|
-$1.19M |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$304K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$204K |
| 5 |
SP
Steelhead Partners
Seattle,
Washington
|
-$143K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DS
51
DRW Securities
Chicago,
Illinois
| – | -$25K | -50 | Closed |
|
52
Squarepoint
New York
| – | -$8K | -16 | Closed |
|
|
VKH
53
Virtu KCG Holdings
New York
| – | -$6K | -12 | Closed |
|
54
Barclays
London,
United Kingdom
| – | -$2K | -4 | Closed |
|
55
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$1K | -2 | Closed |
|
56
Morgan Stanley
New York
| – | -$1K | -2 | Closed |
|
PCO Hedge Fund Activity: Q3 2016 in Review
43 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Pendrell Corporation - Class A (PCO) for Q3 2016, worth a combined $53.5M — down 1.2% from $54.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of PCO and 7 opened new positions — a net loss of 5 holders — while 13 trimmed existing stakes and 9 added.
The largest buyer was Northern Right Capital Management, opening a new position worth an estimated $1.3M. The largest seller was Highland Capital Management (Texas), cutting an estimated $19.2M.
- 43 institutional investors held Pendrell Corporation - Class A (PCO) as of Q3 2016, down from 48 in Q2 2016.
- Funds reported $53.5M of Pendrell Corporation - Class A stock for Q3 2016, down 1.2% quarter-over-quarter.
- 7 funds opened new Pendrell Corporation - Class A positions in Q3 2016 and 12 closed out, a net change of -5 holders.
- The largest Pendrell Corporation - Class A buyer in Q3 2016 was Northern Right Capital Management, an estimated $1.3M added.
- The largest Pendrell Corporation - Class A seller in Q3 2016 was Highland Capital Management (Texas), an estimated $19.2M sold.
Based on aggregated 13F filings for Q3 2016.