Ferrari
RACE
176 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, 56 increasing their positions, 51 reducing their positions, and 21 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
37% more capital invested
Capital invested by funds: $2.19B → $2.99B (+$804M)
19% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 21
2.55% more ownership
Funds ownership: 28.36% → 30.91% (+2.6%)
2% more funds holding
Funds holding: 173 → 176 (+3)
10% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 51
3% more call options, than puts
Call options by funds: $22.9M | Put options by funds: $22.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$167M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$126M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$108M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
+$15.1M |
| 5 |
Goldman Sachs
New York
|
+$9.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP
Jana Partners
New York
|
-$67.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$28.6M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$23.8M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$20.4M |
| 5 |
DS
Dalal Street
West Lake Hills,
Texas
|
-$18.3M |
RACE Hedge Fund Activity: Q3 2016 in Review
176 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Ferrari (RACE) for Q3 2016, worth a combined $2.99B — up 37% from $2.19B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new RACE positions and 21 closed out — a net gain of 4 holders — while 56 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.
- 176 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 21 closed out, a net change of +4 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.