Pendrell Corporation - Class A
PCO
PCO was delisted on the 15th of December, 2017.
60 hedge funds and large institutions have $147M invested in Pendrell Corporation - Class A in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 10 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
5% less capital invested
Capital invested by funds: $155M → $147M (-$8.09M)
10% less funds holding
Funds holding: 67 → 60 (-7)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Ariel Investments
Chicago,
Illinois
|
+$7.45M |
| 2 |
New York State Common Retirement Fund
Albany,
New York
|
+$721K |
| 3 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
+$449K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$364K |
| 5 |
DS
DRW Securities
Chicago,
Illinois
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$8.66M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$324K |
| 3 |
CCM
Coldstream Capital Management
Bellevue,
Washington
|
-$260K |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$96.1K |
| 5 |
Morgan Stanley
New York
|
-$73.3K |
PCO Hedge Fund Activity: Q1 2015 in Review
60 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Pendrell Corporation - Class A (PCO) for Q1 2015, worth a combined $147M — down 5.2% from $155M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PCO and 3 opened new positions — a net loss of 7 holders — while 17 trimmed existing stakes and 18 added.
The largest buyer was Ariel Investments, adding an estimated $7.45M. The largest seller was Indaba Capital Management, exiting entirely with an estimated $8.66M sold.
- 60 institutional investors held Pendrell Corporation - Class A (PCO) as of Q1 2015, down from 67 in Q4 2014.
- Funds reported $147M of Pendrell Corporation - Class A stock for Q1 2015, down 5.2% quarter-over-quarter.
- 3 funds opened new Pendrell Corporation - Class A positions in Q1 2015 and 10 closed out, a net change of -7 holders.
- The largest Pendrell Corporation - Class A buyer in Q1 2015 was Ariel Investments, an estimated $7.45M added.
- The largest Pendrell Corporation - Class A seller in Q1 2015 was Indaba Capital Management, an estimated $8.66M sold.
Based on aggregated 13F filings for Q1 2015.