RAIT Financial Trust
RAS
RAS was delisted on the 11th of May, 2018.
119 hedge funds and large institutions have $387M invested in RAIT Financial Trust in 2014 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 18 closing their positions.
2% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 43
5% less funds holding
Funds holding: 125 → 119 (-6)
11% less capital invested
Capital invested by funds: $434M → $387M (-$47.1M)
33% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 18
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
73% less call options, than puts
Call options by funds: $703K | Put options by funds: $2.64M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.38M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$4.36M |
| 3 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
+$2.37M |
| 4 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$1.94M |
| 5 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$1.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$5.04M |
| 2 |
Renaissance Technologies
New York
|
-$2.76M |
| 3 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$2.56M |
| 4 |
AAIM
American Assets Investment Management
San Diego,
California
|
-$1.86M |
| 5 |
BP
Boston Provident
Englewood,
New Jersey
|
-$1.85M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Two Sigma Investments
New York
| – | -$586K | -70,894 | Closed |
|
|
PP
127
PDT Partners
New York
| – | -$391K | -47,264 | Closed |
|
|
LPC
128
Loeb Partners Corp
New York
| – | -$385K | -46,500 | Closed |
|
|
GCP
129
GSA Capital Partners
London,
United Kingdom
| – | -$347K | -42,000 | Closed |
|
|
UCFA
130
United Capital Financial Advisors
Irving,
Texas
| – | -$344K | -41,653 | Closed |
|
131
Capital Fund Management (CFM)
Paris,
France
| – | -$311K | -37,573 | Closed |
|
|
HIM
132
Hanlon Investment Management
Egg Harbor Township,
New Jersey
| – | -$138K | -16,666 | Closed |
|
133
KBC Group
Brussels,
Belgium
| – | -$132K | -15,998 | Closed |
|
|
ARTA
134
A.R.T. Advisors
New York
| – | -$125K | -15,181 | Closed |
|
|
VFA
135
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$58K | -7,022 | Closed |
|
|
BRWA
136
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$7.86K | -950 | Closed |
|
137
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$1K | -172 | Closed |
|
RAS Hedge Fund Activity: Q3 2014 in Review
119 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in RAIT Financial Trust (RAS) for Q3 2014, worth a combined $387M — down 11% from $434M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of RAS and 12 opened new positions — a net loss of 6 holders — while 43 trimmed existing stakes and 42 added.
The largest buyer was Vanguard Group, adding an estimated $4.38M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $5.04M sold.
- 119 institutional investors held RAIT Financial Trust (RAS) as of Q3 2014, down from 125 in Q2 2014.
- Funds reported $387M of RAIT Financial Trust stock for Q3 2014, down 11% quarter-over-quarter.
- 12 funds opened new RAIT Financial Trust positions in Q3 2014 and 18 closed out, a net change of -6 holders.
- The largest RAIT Financial Trust buyer in Q3 2014 was Vanguard Group, an estimated $4.38M added.
- The largest RAIT Financial Trust seller in Q3 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $5.04M sold.
Based on aggregated 13F filings for Q3 2014.