Penumbra
122 hedge funds and large institutions have $1.24B invested in Penumbra in 2016 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 45 increasing their positions, 35 reducing their positions, and 30 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 35
2.37% more ownership
Funds ownership: 58.8% → 61.17% (+2.4%)
5% less funds holding
Funds holding: 128 → 122 (-6)
10% less capital invested
Capital invested by funds: $1.38B → $1.24B (-$145M)
13% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 30
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
85% less call options, than puts
Call options by funds: $651K | Put options by funds: $4.38M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RG
Redmile Group
San Francisco,
California
|
+$24.6M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$23.1M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$20.8M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$20.7M |
| 5 |
ORI
Oak Ridge Investments
Chicago,
Illinois
|
+$19.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$42.3M |
| 2 |
Renaissance Technologies
New York
|
-$14.2M |
| 3 |
Millennium Management
New York
|
-$14M |
| 4 |
CCI
Columbus Circle Investors
|
-$12.6M |
| 5 |
PFC
Phocas Financial Corp
Alameda,
California
|
-$12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$7K | -94 | Closed |
|
152
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$334 | +5 | New |
|
PEN Hedge Fund Activity: Q4 2016 in Review
122 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Penumbra (PEN) for Q4 2016, worth a combined $1.24B — down 10% from $1.38B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of PEN and 26 opened new positions — a net loss of 4 holders — while 35 trimmed existing stakes and 45 added.
The largest buyer was Redmile Group, adding an estimated $24.6M. The largest seller was Lord, Abbett & Co, cutting an estimated $42.3M.
- 122 institutional investors held Penumbra (PEN) as of Q4 2016, down from 128 in Q3 2016.
- Funds reported $1.24B of Penumbra stock for Q4 2016, down 10% quarter-over-quarter.
- 26 funds opened new Penumbra positions in Q4 2016 and 30 closed out, a net change of -4 holders.
- The largest Penumbra buyer in Q4 2016 was Redmile Group, an estimated $24.6M added.
- The largest Penumbra seller in Q4 2016 was Lord, Abbett & Co, an estimated $42.3M sold.
Based on aggregated 13F filings for Q4 2016.