Planet Fitness
PLNT
229 hedge funds and large institutions have $3.55B invested in Planet Fitness in 2018 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 75 increasing their positions, 87 reducing their positions, and 22 closing their positions.
100% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 22
10% more funds holding
Funds holding: 209 → 229 (+20)
9% more capital invested
Capital invested by funds: $3.27B → $3.55B (+$286M)
5.15% less ownership
Funds ownership: 112.68% → 107.53% (-5.2%)
14% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 87
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
28% less call options, than puts
Call options by funds: $25.3M | Put options by funds: $35M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
+$42.6M |
| 2 |
SAM
Scopus Asset Management
New York
|
+$31.2M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$23.3M |
| 4 |
TA
Teachers Advisors
New York
|
+$22.9M |
| 5 |
BAMCO Inc
New York
|
+$21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$61.5M |
| 2 |
JCM
Junto Capital Management
New York
|
-$43M |
| 3 |
NCA
Newbrook Capital Advisors
New York
|
-$36.3M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$34.6M |
| 5 |
HCM
Hitchwood Capital Management
New York
|
-$31.5M |
PLNT Hedge Fund Activity: Q1 2018 in Review
229 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q1 2018, worth a combined $3.55B — up 8.8% from $3.27B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new PLNT positions and 22 closed out — a net gain of 22 holders — while 75 added to existing stakes and 87 trimmed.
The largest buyer was Waratah Capital Advisors, opening a new position worth an estimated $42.6M. The largest seller was Ninety One (UK), cutting an estimated $61.5M.
- 229 institutional investors held Planet Fitness (PLNT) as of Q1 2018, up from 209 in Q4 2017.
- Funds reported $3.55B of Planet Fitness stock for Q1 2018, up 8.8% quarter-over-quarter.
- 44 funds opened new Planet Fitness positions in Q1 2018 and 22 closed out, a net change of +22 holders.
- The largest Planet Fitness buyer in Q1 2018 was Waratah Capital Advisors, an estimated $42.6M added.
- The largest Planet Fitness seller in Q1 2018 was Ninety One (UK), an estimated $61.5M sold.
Based on aggregated 13F filings for Q1 2018.