Perrigo
PRGO
454 hedge funds and large institutions have $8.6B invested in Perrigo in 2016 Q4 according to their latest regulatory filings, with 87 funds opening new positions, 137 increasing their positions, 177 reducing their positions, and 86 closing their positions.
1.17% more ownership
Funds ownership: 70.92% → 72.09% (+1.2%)
1% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 86
6% less call options, than puts
Call options by funds: $107M | Put options by funds: $115M
2% less funds holding
Funds holding: 462 → 454 (-8)
8% less capital invested
Capital invested by funds: $9.34B → $8.6B (-$739M)
23% less repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 177
63% less funds holding in top 10
Funds holding in top 10: 16 → 6 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
+$313M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$198M |
| 3 |
SSM
Sound Shore Management
Greenwich,
Connecticut
|
+$175M |
| 4 |
SC
Sasco Capital
Fairfield,
Connecticut
|
+$114M |
| 5 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$113M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Scopia Capital Management
New York
|
-$279M |
| 2 |
Goldman Sachs
New York
|
-$101M |
| 3 |
AC
Ascend Capital
Orinda,
California
|
-$78.9M |
| 4 |
Millennium Management
New York
|
-$61.9M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$60.9M |
PRGO Hedge Fund Activity: Q4 2016 in Review
454 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Perrigo (PRGO) for Q4 2016, worth a combined $8.6B — down 7.9% from $9.34B a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new PRGO positions and 86 closed out — a net gain of 1 holder — while 137 added to existing stakes and 177 trimmed.
The largest buyer was Starboard Value, adding an estimated $313M. The largest seller was Scopia Capital Management, exiting entirely with an estimated $279M sold.
- 454 institutional investors held Perrigo (PRGO) as of Q4 2016, down from 462 in Q3 2016.
- Funds reported $8.6B of Perrigo stock for Q4 2016, down 7.9% quarter-over-quarter.
- 87 funds opened new Perrigo positions in Q4 2016 and 86 closed out, a net change of +1 holder.
- The largest Perrigo buyer in Q4 2016 was Starboard Value, an estimated $313M added.
- The largest Perrigo seller in Q4 2016 was Scopia Capital Management, an estimated $279M sold.
Based on aggregated 13F filings for Q4 2016.