Bankrate Inc
RATE
RATE was delisted on the 8th of November, 2017.
135 hedge funds and large institutions have $327M invested in Bankrate Inc in 2016 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 49 increasing their positions, 34 reducing their positions, and 20 closing their positions.
70% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 20
44% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 34
12% more funds holding
Funds holding: 121 → 135 (+14)
2% less call options, than puts
Call options by funds: $500K | Put options by funds: $510K
24% less capital invested
Capital invested by funds: $432M → $327M (-$105M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$7.56M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$6.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$5.94M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$5.59M |
| 5 |
Millennium Management
New York
|
+$5.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$38.5M |
| 2 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
-$31.3M |
| 3 |
1WCM
12 West Capital Management
New York
|
-$12.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.9M |
| 5 |
SCM
Sabal Capital Management
Santa Monica,
California
|
-$5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBCM
151
Boardman Bay Capital Management
New York
| – | -$91K | -10,000 | Closed |
|
|
PAM
152
Panagora Asset Management
Boston,
Massachusetts
| – | -$92K | -9,990 | Closed |
|
153
Group One Trading
Chicago,
Illinois
| – | -$3.46K | -400 | Closed |
|
|
WAM
154
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$2K | -185 | Closed |
|
155
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$1K | -122 | Closed |
|
RATE Hedge Fund Activity: Q2 2016 in Review
135 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Bankrate Inc (RATE) for Q2 2016, worth a combined $327M — down 24% from $432M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new RATE positions and 20 closed out — a net gain of 14 holders — while 49 added to existing stakes and 34 trimmed.
The largest buyer was Renaissance Technologies, adding an estimated $7.56M. The largest seller was Columbia Wanger Asset Management, exiting entirely with an estimated $38.5M sold.
- 135 institutional investors held Bankrate Inc (RATE) as of Q2 2016, up from 121 in Q1 2016.
- Funds reported $327M of Bankrate Inc stock for Q2 2016, down 24% quarter-over-quarter.
- 34 funds opened new Bankrate Inc positions in Q2 2016 and 20 closed out, a net change of +14 holders.
- The largest Bankrate Inc buyer in Q2 2016 was Renaissance Technologies, an estimated $7.56M added.
- The largest Bankrate Inc seller in Q2 2016 was Columbia Wanger Asset Management, an estimated $38.5M sold.
Based on aggregated 13F filings for Q2 2016.