Performance Sports Group Ltd.
PSG
PSG was delisted on the 28th of October, 2016.
109 hedge funds and large institutions have $117M invested in Performance Sports Group Ltd. in 2016 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 28 reducing their positions, and 30 closing their positions.
811% more call options, than puts
Call options by funds: $729K | Put options by funds: $80K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
68% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 28
6% less funds holding
Funds holding: 116 → 109 (-7)
23% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 30
72% less capital invested
Capital invested by funds: $414M → $117M (-$297M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCPM
Sagard Capital Partners Management
New York
|
+$37.9M |
| 2 |
CCM
Coliseum Capital Management
Rowayton,
Connecticut
|
+$14.3M |
| 3 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
+$4.9M |
| 4 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$4.31M |
| 5 |
Morgan Stanley
New York
|
+$2.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$25.3M |
| 2 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$24.6M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
-$21.8M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$21.3M |
| 5 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$12.4M |
PSG Hedge Fund Activity: Q1 2016 in Review
109 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Performance Sports Group Ltd. (PSG) for Q1 2016, worth a combined $117M — down 72% from $414M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of PSG and 23 opened new positions — a net loss of 7 holders — while 28 trimmed existing stakes and 47 added.
The largest buyer was Sagard Capital Partners Management, adding an estimated $37.9M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), exiting entirely with an estimated $25.3M sold.
- 109 institutional investors held Performance Sports Group Ltd. (PSG) as of Q1 2016, down from 116 in Q4 2015.
- Funds reported $117M of Performance Sports Group Ltd. stock for Q1 2016, down 72% quarter-over-quarter.
- 23 funds opened new Performance Sports Group Ltd. positions in Q1 2016 and 30 closed out, a net change of -7 holders.
- The largest Performance Sports Group Ltd. buyer in Q1 2016 was Sagard Capital Partners Management, an estimated $37.9M added.
- The largest Performance Sports Group Ltd. seller in Q1 2016 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $25.3M sold.
Based on aggregated 13F filings for Q1 2016.