QuinStreet
QNST
100 hedge funds and large institutions have $237M invested in QuinStreet in 2013 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 48 increasing their positions, 26 reducing their positions, and 8 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 26
63% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 8
15% more capital invested
Capital invested by funds: $205M → $237M (+$31.7M)
4% more funds holding
Funds holding: 96 → 100 (+4)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSC
Lyon Street Capital
Sausalito,
California
|
+$3.36M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$2.41M |
| 3 |
JP Morgan Chase
New York
|
+$2.24M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.78M |
| 5 |
PCMF
Private Capital Management (Florida)
Naples,
Florida
|
+$1.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
StepStone Group
La Jolla,
California
|
-$2.33M |
| 2 |
SCM
Sterling Capital Management
Charlotte,
North Carolina
|
-$1.92M |
| 3 |
GIP
Granite Investment Partners
El Segundo,
California
|
-$402K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$370K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$284K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SG
101
StepStone Group
La Jolla,
California
| – | -$2.33M | -270,114 | Closed |
|
|
SCM
102
Sterling Capital Management
Charlotte,
North Carolina
| – | -$1.92M | -222,797 | Closed |
|
|
GIP
103
Granite Investment Partners
El Segundo,
California
| – | -$402K | -46,590 | Closed |
|
|
HW
104
Hancock Whitney
Gulfport,
Mississippi
| – | -$207K | -23,960 | Closed |
|
|
SCM
105
Stevens Capital Management
Radnor,
Pennsylvania
| – | -$125K | -14,442 | Closed |
|
|
GMIM
106
General Motors Investment Management
New York
| – | -$112K | -12,951 | Closed |
|
|
AL
107
AJO LP
Philadelphia,
Pennsylvania
| – | -$104K | -12,000 | Closed |
|
108
BNP Paribas Financial Markets
Paris,
France
| – | -$92.2K | -10,687 | Closed |
|
QNST Hedge Fund Activity: Q3 2013 in Review
100 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in QuinStreet (QNST) for Q3 2013, worth a combined $237M — up 15% from $205M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new QNST positions and 8 closed out — a net gain of 5 holders — while 48 added to existing stakes and 26 trimmed.
The largest buyer was Lyon Street Capital, adding an estimated $3.36M. The largest seller was StepStone Group, exiting entirely with an estimated $2.33M sold.
- 100 institutional investors held QuinStreet (QNST) as of Q3 2013, up from 96 in Q2 2013.
- Funds reported $237M of QuinStreet stock for Q3 2013, up 15% quarter-over-quarter.
- 13 funds opened new QuinStreet positions in Q3 2013 and 8 closed out, a net change of +5 holders.
- The largest QuinStreet buyer in Q3 2013 was Lyon Street Capital, an estimated $3.36M added.
- The largest QuinStreet seller in Q3 2013 was StepStone Group, an estimated $2.33M sold.
Based on aggregated 13F filings for Q3 2013.