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Ferrari
RACE

175 hedge funds and large institutions have $2.99B invested in Ferrari in 2016 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 55 increasing their positions, 51 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

37% more capital invested

Capital invested by funds: $2.18B → $2.99B (+$809M)

14% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 22

2.51% more ownership

Funds ownership: 28.4% → 30.91% (+2.5%)

1% more funds holding

Funds holding: 173 → 175 (+2)

8% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 51

3% more call options, than puts

Call options by funds: $22.9M | Put options by funds: $22.2M

Holders
175
Holders Change
+2
Holders Change %
+1.16%
% of All Funds
4.67%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.19%
New
25
Increased
55
Reduced
51
Closed
22
Calls
$22.9M
Puts
$22.2M
Net Calls
+$717K
Net Calls Change
+$12.1M

Top Buyers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$167M
2
Norges Bank
Norges Bank
Norway
+$126M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$108M
4
DKCM
Davidson Kempner Capital Management
New York
+$15.1M
5
Goldman Sachs
Goldman Sachs
New York
+$9.3M

Top Sellers

1
JP
Jana Partners
New York
-$67.5M
2
Invesco
Invesco
Georgia
-$28.6M
3
Deutsche Bank
Deutsche Bank
Germany
-$23.8M
4
Allianz Asset Management
Allianz Asset Management
Germany
-$20.4M
5
DS
Dalal Street
Texas
-$18.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
126
IFP Advisors
Florida
$64K – – –
MA
127
MUFG Americas
New York
$52K – – –
NFG
128
Next Financial Group
Texas
$50K +$19.7K +422 +78%
EDRE
129
Edmond de Rothschild (Europe)
Luxembourg
$48K +$12.3K +265 +40%
S
130
SignatureFD
Georgia
$35K – – –
JFA
131
JNBA Financial Advisors
Minnesota
$35K +$31.3K +673 New
QCG
132
Quadrant Capital Group
Ohio
$29K -$838 -18 -3%
CCMW
133
Cypress Capital Management (Wyoming)
Wyoming
$26K – – –
Bessemer Group
134
Bessemer Group
New Jersey
$17K – – –
CBOA
135
Commonwealth Bank of Australia
Australia
$16K +$10.5K +226 +257%
WAM
136
Wealthspire Advisors (Maryland)
Maryland
$15K -$233 -5 -2%
Nomura Asset Management
137
Nomura Asset Management
Japan
$15K – – –
EFSCE
138
Enterprise Financial Services Corp (EFSC)
Missouri
$14K +$1.96K +42 +19%
PSUF
139
People's United Financial
Connecticut
$13K +$6.99K +150 +150%
WP
140
WealthPLAN Partners
Nebraska
$11.3K -$21.7K -465 -68%
AIM
141
Acrospire Investment Management
Illinois
$10K -$51.2K -1,100 -85%
CCM
142
Cribstone Capital Management
Maine
$10K – – –
FANJ
143
Financial Architects (New Jersey)
New Jersey
$10K – – –
KF
144
Krilogy Financial
Missouri
$10K – – –
MCM
145
Manchester Capital Management
Vermont
$10K – – –
SSB
146
Sandy Spring Bank
Maryland
$10K – – –
LAM
147
Lebenthal Asset Management
New York
$10K +$9.32K +200 New
PCM
148
Palisade Capital Management
New Jersey
$10K +$9.32K +200 New
BL
149
Balentine LLC
Georgia
$9K – – –
CAW
150
Cornerstone Advisors (Washington)
Washington
$9K – – –
4 5
6
7 8

RACE Hedge Fund Activity: Q3 2016 in Review

175 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Ferrari (RACE) for Q3 2016, worth a combined $2.99B — up 37% from $2.18B a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new RACE positions and 22 closed out — a net gain of 3 holders — while 55 added to existing stakes and 51 trimmed.

The largest buyer was Baillie Gifford & Co, adding an estimated $167M. The largest seller was Jana Partners, exiting entirely with an estimated $67.5M sold.

  • 175 institutional investors held Ferrari (RACE) as of Q3 2016, up from 173 in Q2 2016.
  • Funds reported $2.99B of Ferrari stock for Q3 2016, up 37% quarter-over-quarter.
  • 25 funds opened new Ferrari positions in Q3 2016 and 22 closed out, a net change of +3 holders.
  • The largest Ferrari buyer in Q3 2016 was Baillie Gifford & Co, an estimated $167M added.
  • The largest Ferrari seller in Q3 2016 was Jana Partners, an estimated $67.5M sold.

Based on aggregated 13F filings for Q3 2016.