Perion Network
PERI
45 hedge funds and large institutions have $72M invested in Perion Network in 2014 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 11 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
0% more funds holding
Funds holding: 45 → 45 (0)
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
11% less capital invested
Capital invested by funds: $81.1M → $72M (-$9.16M)
57% less call options, than puts
Call options by funds: $1.47M | Put options by funds: $3.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
+$1.15M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
+$1.14M |
| 3 |
MMH
Menora Mivtachim Holdings
Ramat Gan,
Israel
|
+$987K |
| 4 |
GIPM
G2 Investment Partners Management
New York
|
+$657K |
| 5 |
Jane Street
New York
|
+$618K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Corsair Capital Management
New York
|
-$5.41M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$578K |
| 3 |
Morgan Stanley
New York
|
-$527K |
| 4 |
PCM
Prelude Capital Management
New York
|
-$442K |
| 5 |
ACM
Ativo Capital Management
Chicago,
Illinois
|
-$436K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TAM
51
Telluride Asset Management
Wayzata,
Minnesota
| – | -$131K | -3,951 | Closed |
|
|
ARTA
52
A.R.T. Advisors
New York
| – | -$115K | -3,496 | Closed |
|
53
Verition Fund Management
Greenwich,
Connecticut
| – | -$111K | -3,341 | Closed |
|
54
Barclays
London,
United Kingdom
| – | -$90K | -2,737 | Closed |
|
55
Wells Fargo
San Francisco,
California
| – | -$79K | -2,517 | Closed |
|
|
TDC
56
Thompson Davis & Co
Richmond,
Virginia
| – | -$72K | -2,167 | Closed |
|
PERI Hedge Fund Activity: Q2 2014 in Review
45 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Perion Network (PERI) for Q2 2014, worth a combined $72M — down 11% from $81.1M a quarter earlier.
Fund positioning in PERI was balanced in Q2 2014: 11 funds opened new positions, 11 closed out, 16 added to existing stakes and 12 trimmed.
The largest buyer was Raging Capital Management, opening a new position worth an estimated $1.15M. The largest seller was Corsair Capital Management, cutting an estimated $5.41M.
- 45 institutional investors held Perion Network (PERI) as of Q2 2014, unchanged from Q1 2014.
- Funds reported $72M of Perion Network stock for Q2 2014, down 11% quarter-over-quarter.
- 11 funds opened new Perion Network positions in Q2 2014 and 11 closed out, a net change of 0 holders.
- The largest Perion Network buyer in Q2 2014 was Raging Capital Management, an estimated $1.15M added.
- The largest Perion Network seller in Q2 2014 was Corsair Capital Management, an estimated $5.41M sold.
Based on aggregated 13F filings for Q2 2014.