PROTECTIVE LIFE CORP
PL
PL was delisted on the 30th of January, 2015.
268 hedge funds and large institutions have $4.75B invested in PROTECTIVE LIFE CORP in 2014 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 74 increasing their positions, 114 reducing their positions, and 21 closing their positions.
90% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 21
5% more funds holding
Funds holding: 256 → 268 (+12)
3% more capital invested
Capital invested by funds: $4.61B → $4.75B (+$142M)
5% less funds holding in top 10
Funds holding in top 10: 21 → 20 (-1)
22% less call options, than puts
Call options by funds: $32.7M | Put options by funds: $42.1M
35% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 114
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIC
Water Island Capital
New York
|
+$51.6M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
+$34.6M |
| 3 |
GF
Gabelli Funds
Rye,
New York
|
+$33.4M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$30.7M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$27.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$40.6M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
-$39.7M |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$29.9M |
| 4 |
Millennium Management
New York
|
-$27.9M |
| 5 |
Capstone Investment Advisors
New York
|
-$27.8M |
PL Hedge Fund Activity: Q4 2014 in Review
268 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in PROTECTIVE LIFE CORP (PL) for Q4 2014, worth a combined $4.75B — up 3.1% from $4.61B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new PL positions and 21 closed out — a net gain of 19 holders — while 74 added to existing stakes and 114 trimmed.
The largest buyer was Water Island Capital, adding an estimated $51.6M. The largest seller was Jennison Associates, cutting an estimated $40.6M.
- 268 institutional investors held PROTECTIVE LIFE CORP (PL) as of Q4 2014, up from 256 in Q3 2014.
- Funds reported $4.75B of PROTECTIVE LIFE CORP stock for Q4 2014, up 3.1% quarter-over-quarter.
- 40 funds opened new PROTECTIVE LIFE CORP positions in Q4 2014 and 21 closed out, a net change of +19 holders.
- The largest PROTECTIVE LIFE CORP buyer in Q4 2014 was Water Island Capital, an estimated $51.6M added.
- The largest PROTECTIVE LIFE CORP seller in Q4 2014 was Jennison Associates, an estimated $40.6M sold.
Based on aggregated 13F filings for Q4 2014.