PetMed Express
PETS
138 hedge funds and large institutions have $136M invested in PetMed Express in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 39 increasing their positions, 50 reducing their positions, and 31 closing their positions.
7% less funds holding
Funds holding: 149 → 138 (-11)
13.16% less ownership
Funds ownership: 74.45% → 61.29% (-13%)
22% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 50
27% less call options, than puts
Call options by funds: $3.92M | Put options by funds: $5.37M
35% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 31
38% less capital invested
Capital invested by funds: $218M → $136M (-$81.6M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$5.93M |
| 2 |
SG Americas Securities
New York
|
+$1.64M |
| 3 |
Renaissance Technologies
New York
|
+$1.48M |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$1.15M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$949K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$9.19M |
| 2 |
Millennium Management
New York
|
-$5.34M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
-$3.68M |
| 4 |
Man Group
London,
United Kingdom
|
-$3.2M |
| 5 |
Two Sigma Investments
New York
|
-$2.37M |
PETS Hedge Fund Activity: Q3 2023 in Review
138 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in PetMed Express (PETS) for Q3 2023, worth a combined $136M — down 38% from $218M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PETS and 20 opened new positions — a net loss of 11 holders — while 50 trimmed existing stakes and 39 added.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $5.93M. The largest seller was SG Capital Management, exiting entirely with an estimated $9.19M sold.
- 138 institutional investors held PetMed Express (PETS) as of Q3 2023, down from 149 in Q2 2023.
- Funds reported $136M of PetMed Express stock for Q3 2023, down 38% quarter-over-quarter.
- 20 funds opened new PetMed Express positions in Q3 2023 and 31 closed out, a net change of -11 holders.
- The largest PetMed Express buyer in Q3 2023 was Hotchkis & Wiley Capital Management, an estimated $5.93M added.
- The largest PetMed Express seller in Q3 2023 was SG Capital Management, an estimated $9.19M sold.
Based on aggregated 13F filings for Q3 2023.