PDF Solutions
PDFS
111 hedge funds and large institutions have $394M invested in PDF Solutions in 2014 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 53 increasing their positions, 20 reducing their positions, and 17 closing their positions.
165% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 20
47% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 17
6% more funds holding
Funds holding: 105 → 111 (+6)
28% less capital invested
Capital invested by funds: $544M → $394M (-$150M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
99% less call options, than puts
Call options by funds: $4K | Put options by funds: $317K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
+$11M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
+$10M |
| 3 |
LSC
Lyon Street Capital
Sausalito,
California
|
+$6.9M |
| 4 |
AIM
Act II Management
New York
|
+$6.52M |
| 5 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$5.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$39.9M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$10.3M |
| 3 |
HH
HWG Holdings
Houston,
Texas
|
-$7.56M |
| 4 |
CM
Castleark Management
Chicago,
Illinois
|
-$6.27M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$4.22M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Bessemer Group
Woodbridge,
New Jersey
| – | -$5K | -203 | Closed |
|
127
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -96 | Closed |
|
|
WA
128
WFG Advisors
Dallas,
Texas
| – | -$1K | -58 | Closed |
|
PDFS Hedge Fund Activity: Q1 2014 in Review
111 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in PDF Solutions (PDFS) for Q1 2014, worth a combined $394M — down 28% from $544M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new PDFS positions and 17 closed out — a net gain of 8 holders — while 53 added to existing stakes and 20 trimmed.
The largest buyer was Cardinal Capital Management LLC (Connecticut), adding an estimated $11M. The largest seller was Fidelity Investments, cutting an estimated $39.9M.
- 111 institutional investors held PDF Solutions (PDFS) as of Q1 2014, up from 105 in Q4 2013.
- Funds reported $394M of PDF Solutions stock for Q1 2014, down 28% quarter-over-quarter.
- 25 funds opened new PDF Solutions positions in Q1 2014 and 17 closed out, a net change of +8 holders.
- The largest PDF Solutions buyer in Q1 2014 was Cardinal Capital Management LLC (Connecticut), an estimated $11M added.
- The largest PDF Solutions seller in Q1 2014 was Fidelity Investments, an estimated $39.9M sold.
Based on aggregated 13F filings for Q1 2014.