Ferrari
RACE
160 hedge funds and large institutions have $2.23B invested in Ferrari in 2016 Q1 according to their latest regulatory filings, with 111 funds opening new positions, 35 increasing their positions, 5 reducing their positions, and 27 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 5
311% more first-time investments, than exits
New positions opened: 111 | Existing positions closed: 27
231% more capital invested
Capital invested by funds: $674M → $2.23B (+$1.56B)
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
105% more funds holding
Funds holding: 78 → 160 (+82)
20.92% more ownership
Funds ownership: 7.43% → 28.36% (+21%)
39% less call options, than puts
Call options by funds: $23.8M | Put options by funds: $38.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$497M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$267M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$113M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$105M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$88.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Axon Capital
New York
|
-$18M |
| 2 |
JCP
Jabre Capital Partners
Geneva,
Switzerland
|
-$9.34M |
| 3 |
ECM
Element Capital Management
New York
|
-$8.3M |
| 4 |
SLCM
Seven Locks Capital Management
New York
|
-$7.74M |
| 5 |
SAM
Scopus Asset Management
New York
|
-$6.72M |
RACE Hedge Fund Activity: Q1 2016 in Review
160 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Ferrari (RACE) for Q1 2016, worth a combined $2.23B — up 231% from $674M a quarter earlier.
Buyers outnumbered sellers: 111 funds opened new RACE positions and 27 closed out — a net gain of 84 holders — while 35 added to existing stakes and 5 trimmed.
The largest buyer was Baillie Gifford & Co, opening a new position worth an estimated $497M. The largest seller was Axon Capital, exiting entirely with an estimated $18M sold.
- 160 institutional investors held Ferrari (RACE) as of Q1 2016, up from 78 in Q4 2015.
- Funds reported $2.23B of Ferrari stock for Q1 2016, up 231% quarter-over-quarter.
- 111 funds opened new Ferrari positions in Q1 2016 and 27 closed out, a net change of +84 holders.
- The largest Ferrari buyer in Q1 2016 was Baillie Gifford & Co, an estimated $497M added.
- The largest Ferrari seller in Q1 2016 was Axon Capital, an estimated $18M sold.
Based on aggregated 13F filings for Q1 2016.