PetMed Express
PETS
149 hedge funds and large institutions have $218M invested in PetMed Express in 2023 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 53 increasing their positions, 41 reducing their positions, and 41 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 41
6.54% less ownership
Funds ownership: 80.99% → 74.45% (-6.5%)
10% less funds holding
Funds holding: 165 → 149 (-16)
23% less capital invested
Capital invested by funds: $281M → $218M (-$63.5M)
34% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 41
50% less call options, than puts
Call options by funds: $3.96M | Put options by funds: $7.94M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$10M |
| 2 |
Millennium Management
New York
|
+$8.96M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$5.02M |
| 4 |
Two Sigma Advisers
New York
|
+$4.33M |
| 5 |
Man Group
London,
United Kingdom
|
+$3.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$26.4M |
| 2 |
BNP Paribas Asset Management
Paris,
France
|
-$7.79M |
| 3 |
ProShare Advisors
Bethesda,
Maryland
|
-$7.39M |
| 4 |
State Street
Boston,
Massachusetts
|
-$5.17M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.83M |
PETS Hedge Fund Activity: Q2 2023 in Review
149 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in PetMed Express (PETS) for Q2 2023, worth a combined $218M — down 23% from $281M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of PETS and 27 opened new positions — a net loss of 14 holders — while 41 trimmed existing stakes and 53 added.
The largest buyer was SG Capital Management, opening a new position worth an estimated $10M. The largest seller was BlackRock, cutting an estimated $26.4M.
- 149 institutional investors held PetMed Express (PETS) as of Q2 2023, down from 165 in Q1 2023.
- Funds reported $218M of PetMed Express stock for Q2 2023, down 23% quarter-over-quarter.
- 27 funds opened new PetMed Express positions in Q2 2023 and 41 closed out, a net change of -14 holders.
- The largest PetMed Express buyer in Q2 2023 was SG Capital Management, an estimated $10M added.
- The largest PetMed Express seller in Q2 2023 was BlackRock, an estimated $26.4M sold.
Based on aggregated 13F filings for Q2 2023.