Quad
QUAD
106 hedge funds and large institutions have $648M invested in Quad in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 30 increasing their positions, 48 reducing their positions, and 18 closing their positions.
665% more call options, than puts
Call options by funds: $10.5M | Put options by funds: $1.37M
3.63% less ownership
Funds ownership: 73.98% → 70.35% (-3.6%)
7% less funds holding
Funds holding: 114 → 106 (-8)
14% less capital invested
Capital invested by funds: $753M → $648M (-$105M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
38% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 48
44% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GXMC
Global X Management Company
New York
|
+$8.36M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.69M |
| 3 |
BNP Paribas Asset Management
Paris,
France
|
+$2.67M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.88M |
| 5 |
CCMH
Cornerstone Capital Management Holdings
New York
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$8.9M |
| 2 |
ERM
Elm Ridge Management
Briarcliff Manor,
New York
|
-$8.22M |
| 3 |
Morgan Stanley
New York
|
-$4.46M |
| 4 |
KCM
KSA Capital Management
Morristown,
New Jersey
|
-$4.23M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.6M |
QUAD Hedge Fund Activity: Q4 2013 in Review
106 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Quad (QUAD) for Q4 2013, worth a combined $648M — down 14% from $753M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of QUAD and 10 opened new positions — a net loss of 8 holders — while 48 trimmed existing stakes and 30 added.
The largest buyer was Global X Management Company, opening a new position worth an estimated $8.36M. The largest seller was Invesco, cutting an estimated $8.9M.
- 106 institutional investors held Quad (QUAD) as of Q4 2013, down from 114 in Q3 2013.
- Funds reported $648M of Quad stock for Q4 2013, down 14% quarter-over-quarter.
- 10 funds opened new Quad positions in Q4 2013 and 18 closed out, a net change of -8 holders.
- The largest Quad buyer in Q4 2013 was Global X Management Company, an estimated $8.36M added.
- The largest Quad seller in Q4 2013 was Invesco, an estimated $8.9M sold.
Based on aggregated 13F filings for Q4 2013.