Pegasystems
PEGA
142 hedge funds and large institutions have $571M invested in Pegasystems in 2014 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 61 increasing their positions, 42 reducing their positions, and 20 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 42
15% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 20
9% more call options, than puts
Call options by funds: $1.53M | Put options by funds: $1.41M
1% more funds holding
Funds holding: 141 → 142 (+1)
28% less capital invested
Capital invested by funds: $791M → $571M (-$221M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$8.93M |
| 2 |
Northern Trust
Chicago,
Illinois
|
+$5.45M |
| 3 |
Renaissance Technologies
New York
|
+$4.87M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.81M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$3.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
-$19.4M |
| 2 |
SM
SCGE Management
Menlo Park,
California
|
-$9.29M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$7.81M |
| 4 |
LPL Financial
San Diego,
California
|
-$3.5M |
| 5 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$3.42M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
STC
151
SEI Trust Company
Oaks,
Pennsylvania
| – | -$292K | -23,712 | Closed |
|
|
MAM
152
Martingale Asset Management
Boston,
Massachusetts
| – | -$208K | -16,872 | Closed |
|
|
FA
153
FDx Advisors
Chicago,
Illinois
| – | -$207K | -16,868 | Closed |
|
|
JG
154
Jefferies Group
New York
| – | -$202K | -16,420 | Closed |
|
|
FQ
155
First Quadrant
Glendale,
California
| – | -$167K | -13,600 | Closed |
|
|
PMAM
156
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| – | -$128K | -10,400 | Closed |
|
|
HNB
157
Huntington National Bank
Columbus,
Ohio
| – | -$86K | -6,956 | Closed |
|
158
BNP Paribas Financial Markets
Paris,
France
| – | -$11.1K | -900 | Closed |
|
|
MFS
159
MSI Financial Services
Springfield,
Massachusetts
| – | -$10K | -804 | Closed |
|
160
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$5K | -400 | Closed |
|
PEGA Hedge Fund Activity: Q1 2014 in Review
142 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Pegasystems (PEGA) for Q1 2014, worth a combined $571M — down 28% from $791M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new PEGA positions and 20 closed out — a net gain of 3 holders — while 61 added to existing stakes and 42 trimmed.
The largest buyer was BlackRock Institutional Trust, adding an estimated $8.93M. The largest seller was Luther King Capital Management (LKCM), exiting entirely with an estimated $19.4M sold.
- 142 institutional investors held Pegasystems (PEGA) as of Q1 2014, up from 141 in Q4 2013.
- Funds reported $571M of Pegasystems stock for Q1 2014, down 28% quarter-over-quarter.
- 23 funds opened new Pegasystems positions in Q1 2014 and 20 closed out, a net change of +3 holders.
- The largest Pegasystems buyer in Q1 2014 was BlackRock Institutional Trust, an estimated $8.93M added.
- The largest Pegasystems seller in Q1 2014 was Luther King Capital Management (LKCM), an estimated $19.4M sold.
Based on aggregated 13F filings for Q1 2014.