PDF Solutions
PDFS
92 hedge funds and large institutions have $436M invested in PDF Solutions in 2017 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 49 increasing their positions, 26 reducing their positions, and 21 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 26
4.94% more ownership
Funds ownership: 77.51% → 82.45% (+4.9%)
13% less funds holding
Funds holding: 106 → 92 (-14)
22% less capital invested
Capital invested by funds: $562M → $436M (-$126M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
62% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 21
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $111K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$18.6M |
| 2 |
DCM
Divisar Capital Management
San Francisco,
California
|
+$7.55M |
| 3 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
+$5.95M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$4.55M |
| 5 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$3.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Castleark Management
Chicago,
Illinois
|
-$5.5M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$4.87M |
| 3 |
TAM
Telemark Asset Management
Boston,
Massachusetts
|
-$4.54M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$4.34M |
| 5 |
LSC
Lyon Street Capital
Sausalito,
California
|
-$3.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SO
101
STRS Ohio
Columbus,
Ohio
| – | -$739K | -32,700 | Closed |
|
102
Two Sigma Advisers
New York
| – | -$649K | -28,700 | Closed |
|
|
AIP
103
ARS Investment Partners
New York
| – | -$522K | -23,090 | Closed |
|
|
BFS
104
Bradley Foster & Sargent
Hartford,
Connecticut
| – | -$468K | -20,695 | Closed |
|
|
MFIMFI
105
Mesirow Financial Investment Management - Fixed Income
Chicago,
Illinois
| – | -$418K | -18,465 | Closed |
|
106
Millennium Management
New York
| – | -$351K | -15,530 | Closed |
|
107
Squarepoint
New York
| – | -$228K | -10,064 | Closed |
|
|
CCIA
108
Campbell & Co Investment Adviser
Baltimore,
Maryland
| – | -$225K | -9,933 | Closed |
|
|
MWNA
109
Marshall Wace North America
New York
| – | -$222K | -9,640 | Closed |
|
110
Parallax Volatility Advisers
San Francisco,
California
| – | -$89K | -3,941 | Closed |
|
|
SCM
111
Segantii Capital Management
Hong Kong
| – | -$38K | -1,700 | Closed |
|
|
MCM
112
McKinley Capital Management
Anchorage,
Alaska
| – | -$11K | -480 | Closed |
|
|
AG
113
Advisor Group
Phoenix,
Arizona
| – | -$1K | -35 | Closed |
|
PDFS Hedge Fund Activity: Q2 2017 in Review
92 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PDF Solutions (PDFS) for Q2 2017, worth a combined $436M — down 22% from $562M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of PDFS and 8 opened new positions — a net loss of 13 holders — while 26 trimmed existing stakes and 49 added.
The largest buyer was Fidelity Investments, adding an estimated $18.6M. The largest seller was Castleark Management, exiting entirely with an estimated $5.5M sold.
- 92 institutional investors held PDF Solutions (PDFS) as of Q2 2017, down from 106 in Q1 2017.
- Funds reported $436M of PDF Solutions stock for Q2 2017, down 22% quarter-over-quarter.
- 8 funds opened new PDF Solutions positions in Q2 2017 and 21 closed out, a net change of -13 holders.
- The largest PDF Solutions buyer in Q2 2017 was Fidelity Investments, an estimated $18.6M added.
- The largest PDF Solutions seller in Q2 2017 was Castleark Management, an estimated $5.5M sold.
Based on aggregated 13F filings for Q2 2017.