QuinStreet
QNST
199 hedge funds and large institutions have $641M invested in QuinStreet in 2019 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 91 increasing their positions, 61 reducing their positions, and 52 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 61
2.74% more ownership
Funds ownership: 93.33% → 96.06% (+2.7%)
8% less funds holding
Funds holding: 216 → 199 (-17)
14% less capital invested
Capital invested by funds: $746M → $641M (-$106M)
15% less call options, than puts
Call options by funds: $7.71M | Put options by funds: $9.05M
29% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 52
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$33.3M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$24M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$18.4M |
| 4 |
ClearBridge Investments
New York
|
+$11M |
| 5 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$19M |
| 2 |
Renaissance Technologies
New York
|
-$9.78M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$8.67M |
| 4 |
Goldman Sachs
New York
|
-$7.64M |
| 5 |
ACM
Ailanthus Capital Management
New York
|
-$6.7M |
QNST Hedge Fund Activity: Q1 2019 in Review
199 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in QuinStreet (QNST) for Q1 2019, worth a combined $641M — down 14% from $746M a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of QNST and 37 opened new positions — a net loss of 15 holders — while 61 trimmed existing stakes and 91 added.
The largest buyer was Park West Asset Management, adding an estimated $33.3M. The largest seller was Driehaus Capital Management, cutting an estimated $19M.
- 199 institutional investors held QuinStreet (QNST) as of Q1 2019, down from 216 in Q4 2018.
- Funds reported $641M of QuinStreet stock for Q1 2019, down 14% quarter-over-quarter.
- 37 funds opened new QuinStreet positions in Q1 2019 and 52 closed out, a net change of -15 holders.
- The largest QuinStreet buyer in Q1 2019 was Park West Asset Management, an estimated $33.3M added.
- The largest QuinStreet seller in Q1 2019 was Driehaus Capital Management, an estimated $19M sold.
Based on aggregated 13F filings for Q1 2019.