Rite Aid Corporation
RAD was delisted on the 13th of October, 2023.
192 hedge funds and large institutions have $246M invested in Rite Aid Corporation in 2019 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 64 increasing their positions, 43 reducing their positions, and 104 closing their positions.
49% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 43
20% more call options, than puts
Call options by funds: $34.5M | Put options by funds: $28.8M
26% less capital invested
Capital invested by funds: $334M → $246M (-$87.8M)
27% less funds holding
Funds holding: 264 → 192 (-72)
63% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 104
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$21.5M |
| 2 |
Morgan Stanley
New York
|
+$16.6M |
| 3 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
+$4.57M |
| 4 |
MAMNY
Marathon Asset Management (New York)
New York
|
+$4.45M |
| 5 |
KDAM
KLS Diversified Asset Management
New York
|
+$4.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$19.4M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$12.7M |
| 3 |
JP Morgan Chase
New York
|
-$8.07M |
| 4 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
-$1.27M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$1.05M |
RAD Hedge Fund Activity: Q2 2019 in Review
192 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Rite Aid Corporation (RAD) for Q2 2019, worth a combined $246M — down 26% from $334M a quarter earlier.
Sellers outnumbered buyers: 104 funds closed out of RAD and 38 opened new positions — a net loss of 66 holders — while 43 trimmed existing stakes and 64 added.
The largest buyer was Invesco, adding an estimated $21.5M. The largest seller was Highfields Capital Management, exiting entirely with an estimated $19.4M sold.
- 192 institutional investors held Rite Aid Corporation (RAD) as of Q2 2019, down from 264 in Q1 2019.
- Funds reported $246M of Rite Aid Corporation stock for Q2 2019, down 26% quarter-over-quarter.
- 38 funds opened new Rite Aid Corporation positions in Q2 2019 and 104 closed out, a net change of -66 holders.
- The largest Rite Aid Corporation buyer in Q2 2019 was Invesco, an estimated $21.5M added.
- The largest Rite Aid Corporation seller in Q2 2019 was Highfields Capital Management, an estimated $19.4M sold.
Based on aggregated 13F filings for Q2 2019.