PDF Solutions
PDFS
106 hedge funds and large institutions have $290M invested in PDF Solutions in 2014 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 41 increasing their positions, 38 reducing their positions, and 17 closing their positions.
27% more call options, than puts
Call options by funds: $206K | Put options by funds: $162K
8% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 38
4% less funds holding
Funds holding: 110 → 106 (-4)
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
39% less capital invested
Capital invested by funds: $476M → $290M (-$186M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Snyder Capital Management
San Francisco,
California
|
+$13.4M |
| 2 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
+$13.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$11.1M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$5.04M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$4.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRFM
Shannon River Fund Management
New York
|
-$27.1M |
| 2 |
AIM
Act II Management
New York
|
-$9.5M |
| 3 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$3.55M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.93M |
| 5 |
LSC
Lyon Street Capital
Sausalito,
California
|
-$1.92M |
PDFS Hedge Fund Activity: Q3 2014 in Review
106 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in PDF Solutions (PDFS) for Q3 2014, worth a combined $290M — down 39% from $476M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of PDFS and 14 opened new positions — a net loss of 3 holders — while 38 trimmed existing stakes and 41 added.
The largest buyer was Snyder Capital Management, adding an estimated $13.4M. The largest seller was Shannon River Fund Management, exiting entirely with an estimated $27.1M sold.
- 106 institutional investors held PDF Solutions (PDFS) as of Q3 2014, down from 110 in Q2 2014.
- Funds reported $290M of PDF Solutions stock for Q3 2014, down 39% quarter-over-quarter.
- 14 funds opened new PDF Solutions positions in Q3 2014 and 17 closed out, a net change of -3 holders.
- The largest PDF Solutions buyer in Q3 2014 was Snyder Capital Management, an estimated $13.4M added.
- The largest PDF Solutions seller in Q3 2014 was Shannon River Fund Management, an estimated $27.1M sold.
Based on aggregated 13F filings for Q3 2014.