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RAVE Restaurant Group
RAVE

36 hedge funds and large institutions have $17.1M invested in RAVE Restaurant Group in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 10

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

0% more funds holding

Funds holding: 36 → 36 (0)

36% less capital invested

Capital invested by funds: $26.6M → $17.1M (-$9.45M)

Holders
36
Holders Change
–
Holders Change %
0%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
13
Reduced
10
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HCM
Hodges Capital Management
Texas
+$735K
2
ECM
Empirical Capital Management
Tennessee
+$719K
3
Deutsche Bank
Deutsche Bank
Germany
+$712K
4
Renaissance Technologies
Renaissance Technologies
New York
+$591K
5
DCM
Driehaus Capital Management
Illinois
+$444K

Top Sellers

Rank Fund Capital Flow
1
TAM
THB Asset Management
Connecticut
-$2.39M
2
NIP
Nicholas Investment Partners
California
-$599K
3
PP
PDT Partners
New York
-$335K
4
AQR Capital Management
AQR Capital Management
Connecticut
-$250K
5
TC
TFS Capital
Pennsylvania
-$239K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$18K +$5.99K +529 +34%
New York State Common Retirement Fund
27
New York State Common Retirement Fund
New York
$12K -$53.4K -4,723 -77%
BIM
28
BlackRock Investment Management
Delaware
$9K – – –
Bank of America
29
Bank of America
North Carolina
$6K +$7.34K +649 New
MTIP
30
Magee Thomson Investment Partners
California
$4K +$894 +79 +23%
PNC Financial Services Group
31
PNC Financial Services Group
Pennsylvania
$2K +$2.32K +205 New
NSIM
32
North Star Investment Management
Illinois
$2K +$2.83K +250 New
Creative Planning
33
Creative Planning
Kansas
$1K +$905 +80 New
TAM
34
THB Asset Management
Connecticut
– -$2.39M -183,486 Closed
PP
35
PDT Partners
New York
– -$335K -25,700 Closed
AQR Capital Management
36
AQR Capital Management
Connecticut
– -$250K -19,143 Closed
TC
37
TFS Capital
Pennsylvania
– -$239K -18,335 Closed
Royal Bank of Canada
38
Royal Bank of Canada
Ontario, Canada
– -$22.6K -2,000 -98%
WA
39
WFG Advisors
Texas
– -$5K -400 Closed
Wells Fargo
40
Wells Fargo
California
– -$2.51K -222 -100%
1
2

RAVE Hedge Fund Activity: Q3 2015 in Review

36 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in RAVE Restaurant Group (RAVE) for Q3 2015, worth a combined $17.1M — down 36% from $26.6M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new RAVE positions and 5 closed out — a net gain of 1 holder — while 13 added to existing stakes and 10 trimmed.

The largest buyer was Hodges Capital Management, opening a new position worth an estimated $735K. The largest seller was THB Asset Management, exiting entirely with an estimated $2.39M sold.

  • 36 institutional investors held RAVE Restaurant Group (RAVE) as of Q3 2015, unchanged from Q2 2015.
  • Funds reported $17.1M of RAVE Restaurant Group stock for Q3 2015, down 36% quarter-over-quarter.
  • 6 funds opened new RAVE Restaurant Group positions in Q3 2015 and 5 closed out, a net change of +1 holder.
  • The largest RAVE Restaurant Group buyer in Q3 2015 was Hodges Capital Management, an estimated $735K added.
  • The largest RAVE Restaurant Group seller in Q3 2015 was THB Asset Management, an estimated $2.39M sold.

Based on aggregated 13F filings for Q3 2015.