Perion Network
PERI
45 hedge funds and large institutions have $97.8M invested in Perion Network in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 14 reducing their positions, and 8 closing their positions.
151% more capital invested
Capital invested by funds: $39M → $97.8M (+$58.8M)
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
21% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 14
10% more funds holding
Funds holding: 41 → 45 (+4)
74% less call options, than puts
Call options by funds: $2.55M | Put options by funds: $9.69M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$48.4M |
| 2 |
CCM
Corsair Capital Management
New York
|
+$7.19M |
| 3 |
Group One Trading
Chicago,
Illinois
|
+$2.46M |
| 4 |
Morgan Stanley
New York
|
+$1.41M |
| 5 |
Renaissance Technologies
New York
|
+$1.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Connective Capital Management
Palo Alto,
California
|
-$2.44M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$1.91M |
| 3 |
PCP
Perimeter Capital Partners
Atlanta,
Georgia
|
-$1.7M |
| 4 |
NA
Navellier & Associates
Reno,
Nevada
|
-$1.31M |
| 5 |
Millennium Management
New York
|
-$1.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PI
51
Placemark Investments
Chicago,
Illinois
| – | -$138K | -3,483 | Closed |
|
52
Walleye Trading
New York
| – | -$46.3K | -1,340 | Closed |
|
53
Creative Planning
Overland Park,
Kansas
| – | -$4K | -100 | Closed |
|
PERI Hedge Fund Activity: Q4 2013 in Review
45 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Perion Network (PERI) for Q4 2013, worth a combined $97.8M — up 151% from $39M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PERI positions and 8 closed out — a net gain of 4 holders — while 17 added to existing stakes and 14 trimmed.
The largest buyer was JP Morgan Chase, opening a new position worth an estimated $48.4M. The largest seller was Connective Capital Management, exiting entirely with an estimated $2.44M sold.
- 45 institutional investors held Perion Network (PERI) as of Q4 2013, up from 41 in Q3 2013.
- Funds reported $97.8M of Perion Network stock for Q4 2013, up 151% quarter-over-quarter.
- 12 funds opened new Perion Network positions in Q4 2013 and 8 closed out, a net change of +4 holders.
- The largest Perion Network buyer in Q4 2013 was JP Morgan Chase, an estimated $48.4M added.
- The largest Perion Network seller in Q4 2013 was Connective Capital Management, an estimated $2.44M sold.
Based on aggregated 13F filings for Q4 2013.