Pelagos Insurance Capital
PLGO
67 hedge funds and large institutions have $675M invested in Pelagos Insurance Capital in 2023 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 16 closing their positions.
144% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 16
52% more funds holding
Funds holding: 44 → 67 (+23)
36.54% more ownership
Funds ownership: 0% → 36.54% (+37%)
4% more capital invested
Capital invested by funds: $647M → $675M (+$27.7M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$15.1M |
| 2 |
Nuveen
Charlotte,
North Carolina
|
+$14.3M |
| 3 |
BlackRock
New York
|
+$9.87M |
| 4 |
CLG
Cooperman Leon G
|
+$6.37M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$4.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SSA
Schonfeld Strategic Advisors
New York
|
-$17M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$15.4M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$9.21M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$6.74M |
| 5 |
Millennium Management
New York
|
-$6.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LIP
76
Lighthouse Investment Partners
Palm Beach Gardens,
Florida
| – | -$1.36M | -100,000 | Closed |
|
77
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$1.02M | -75,000 | Closed |
|
|
PCM
78
Pentwater Capital Management
Naples,
Florida
| – | -$683K | -50,000 | Closed |
|
79
Walleye Capital
New York
| – | -$683K | -50,000 | Closed |
|
|
LCM
80
Laurion Capital Management
New York
| – | -$656K | -48,036 | Closed |
|
|
ZDA
81
Zweig-DiMenna Associates
New York
| – | -$560K | -41,000 | Closed |
|
|
MA
82
MYDA Advisors
Woodmere,
New York
| – | -$396K | -28,994 | Closed |
|
|
HF
83
HRT Financial
New York
| – | -$158K | -11,582 | Closed |
|
|
TCM
84
Tradewinds Capital Management
Bellingham,
Washington
| – | -$273 | -20 | Closed |
|
PLGO Hedge Fund Activity: Q3 2023 in Review
67 of the 6,304 institutional investors tracked by Wall St. Rank reported a position in Pelagos Insurance Capital (PLGO) for Q3 2023, worth a combined $675M — up 4.3% from $647M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new PLGO positions and 16 closed out — a net gain of 23 holders — while 10 added to existing stakes and 14 trimmed.
The largest buyer was Victory Capital Management, opening a new position worth an estimated $15.1M. The largest seller was Schonfeld Strategic Advisors, cutting an estimated $17M.
- 67 institutional investors held Pelagos Insurance Capital (PLGO) as of Q3 2023, up from 44 in Q2 2023.
- Funds reported $675M of Pelagos Insurance Capital stock for Q3 2023, up 4.3% quarter-over-quarter.
- 39 funds opened new Pelagos Insurance Capital positions in Q3 2023 and 16 closed out, a net change of +23 holders.
- The largest Pelagos Insurance Capital buyer in Q3 2023 was Victory Capital Management, an estimated $15.1M added.
- The largest Pelagos Insurance Capital seller in Q3 2023 was Schonfeld Strategic Advisors, an estimated $17M sold.
Based on aggregated 13F filings for Q3 2023.