RAIT Financial Trust
RAS
RAS was delisted on the 11th of May, 2018.
79 hedge funds and large institutions have $35.1M invested in RAIT Financial Trust in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 22 increasing their positions, 34 reducing their positions, and 37 closing their positions.
31% less funds holding
Funds holding: 114 → 79 (-35)
35% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 34
71% less capital invested
Capital invested by funds: $121M → $35.1M (-$85.6M)
95% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 37
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $80K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.12M |
| 2 |
Goldman Sachs
New York
|
+$641K |
| 3 |
Two Sigma Investments
New York
|
+$270K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$184K |
| 5 |
Bank of New York Mellon
New York
|
+$99.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$2.14M |
| 2 |
JP Morgan Chase
New York
|
-$1.77M |
| 3 |
Credit Agricole
Montrouge Cedex,
France
|
-$1.36M |
| 4 |
Millennium Management
New York
|
-$944K |
| 5 |
RA
Royce & Associates
New York
|
-$920K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Russell Investments Group
London,
United Kingdom
| – | -$51K | -23,100 | Closed |
|
|
AG
102
Aperio Group
Sausalito,
California
| – | -$38K | -17,553 | Closed |
|
103
D.E. Shaw & Co
New York
| – | -$36K | -16,518 | Closed |
|
104
Wolverine Trading
Chicago,
Illinois
| – | -$36K | -16,515 | Closed |
|
|
BP
105
Ballentine Partners
Waltham,
Massachusetts
| – | -$30K | -14,534 | Closed |
|
|
LP
106
LGL Partners
Philadelphia,
Pennsylvania
| – | -$26K | -11,947 | Closed |
|
|
MC
107
Moors & Cabot
Boston,
Massachusetts
| – | -$23K | -10,865 | Closed |
|
108
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$18K | -8,200 | Closed |
|
|
PCM
109
Prelude Capital Management
New York
| – | -$10K | -4,400 | Closed |
|
|
PCM
110
Penserra Capital Management
Orinda,
California
| – | -$4K | -2,201 | Closed |
|
111
Simplex Trading
Chicago,
Illinois
| – | -$1.28K | -977 | Closed |
|
112
SEI Investments
Oaks,
Pennsylvania
| – | -$541 | -412 | -70% |
|
113
Citigroup
New York
| – | -$444 | -338 | -49% |
|
|
QI
114
QS Investors
New York
| – | -$1K | -160 | Closed |
|
RAS Hedge Fund Activity: Q3 2017 in Review
79 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in RAIT Financial Trust (RAS) for Q3 2017, worth a combined $35.1M — down 71% from $121M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of RAS and 2 opened new positions — a net loss of 35 holders — while 34 trimmed existing stakes and 22 added.
The largest buyer was BlackRock, adding an estimated $1.12M. The largest seller was Foundry Partners, exiting entirely with an estimated $2.14M sold.
- 79 institutional investors held RAIT Financial Trust (RAS) as of Q3 2017, down from 114 in Q2 2017.
- Funds reported $35.1M of RAIT Financial Trust stock for Q3 2017, down 71% quarter-over-quarter.
- 2 funds opened new RAIT Financial Trust positions in Q3 2017 and 37 closed out, a net change of -35 holders.
- The largest RAIT Financial Trust buyer in Q3 2017 was BlackRock, an estimated $1.12M added.
- The largest RAIT Financial Trust seller in Q3 2017 was Foundry Partners, an estimated $2.14M sold.
Based on aggregated 13F filings for Q3 2017.