Perion Network
PERI
41 hedge funds and large institutions have $39M invested in Perion Network in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 10 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 8
35% more capital invested
Capital invested by funds: $28.9M → $39M (+$10.1M)
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
8% more funds holding
Funds holding: 38 → 41 (+3)
59% less call options, than puts
Call options by funds: $3.19M | Put options by funds: $7.72M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Corsair Capital Management
New York
|
+$4.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.19M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.4M |
| 4 |
CCM
Connective Capital Management
Palo Alto,
California
|
+$1.48M |
| 5 |
Renaissance Technologies
New York
|
+$937K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$3.28M |
| 2 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$3.02M |
| 3 |
New York State Common Retirement Fund
Albany,
New York
|
-$2.53M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.16M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$339K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
US Bancorp
Minneapolis,
Minnesota
| – | -$3K | -100 | Closed |
|
PERI Hedge Fund Activity: Q3 2013 in Review
41 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Perion Network (PERI) for Q3 2013, worth a combined $39M — up 35% from $28.9M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PERI positions and 10 closed out — a net gain of 3 holders — while 18 added to existing stakes and 8 trimmed.
The largest buyer was Corsair Capital Management, opening a new position worth an estimated $4.2M. The largest seller was Systematic Financial Management, cutting an estimated $3.28M.
- 41 institutional investors held Perion Network (PERI) as of Q3 2013, up from 38 in Q2 2013.
- Funds reported $39M of Perion Network stock for Q3 2013, up 35% quarter-over-quarter.
- 13 funds opened new Perion Network positions in Q3 2013 and 10 closed out, a net change of +3 holders.
- The largest Perion Network buyer in Q3 2013 was Corsair Capital Management, an estimated $4.2M added.
- The largest Perion Network seller in Q3 2013 was Systematic Financial Management, an estimated $3.28M sold.
Based on aggregated 13F filings for Q3 2013.