Ready Capital
63 hedge funds and large institutions have $162M invested in Ready Capital in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 19 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
4% less capital invested
Capital invested by funds: $168M → $162M (-$5.96M)
1.91% less ownership
Funds ownership: 32.18% → 30.26% (-1.9%)
10% less funds holding
Funds holding: 70 → 63 (-7)
37% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.16M |
| 2 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
+$470K |
| 3 |
SAM
Shell Asset Management
The Hague,
Netherlands
|
+$433K |
| 4 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$395K |
| 5 |
State Street
Boston,
Massachusetts
|
+$294K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
-$2.43M |
| 2 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$2.26M |
| 3 |
Millennium Management
New York
|
-$1.97M |
| 4 |
TG
TCW Group
Los Angeles,
California
|
-$1.9M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$844K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Balyasny Asset Management
Chicago,
Illinois
| – | -$206K | -12,675 | Closed |
|
|
AIG
77
American International Group
New York
| – | -$187K | -11,510 | Closed |
|
|
VRS
78
Virginia Retirement Systems
Richmond,
Virginia
| – | -$180K | -11,100 | Closed |
|
|
SO
79
STRS Ohio
Columbus,
Ohio
| – | -$79K | -4,900 | Closed |
|
80
BNP Paribas Financial Markets
Paris,
France
| – | -$11K | -674 | Closed |
|
|
PIA
81
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$5K | -307 | Closed |
|
|
LA
82
Legacy Advisors
Plymouth Meeting,
Pennsylvania
| – | -$4K | -270 | Closed |
|
RC Hedge Fund Activity: Q3 2018 in Review
63 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Ready Capital (RC) for Q3 2018, worth a combined $162M — down 3.6% from $168M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of RC and 12 opened new positions — a net loss of 7 holders — while 14 trimmed existing stakes and 21 added.
The largest buyer was BlackRock, adding an estimated $1.16M. The largest seller was Geode Capital Management, exiting entirely with an estimated $2.43M sold.
- 63 institutional investors held Ready Capital (RC) as of Q3 2018, down from 70 in Q2 2018.
- Funds reported $162M of Ready Capital stock for Q3 2018, down 3.6% quarter-over-quarter.
- 12 funds opened new Ready Capital positions in Q3 2018 and 19 closed out, a net change of -7 holders.
- The largest Ready Capital buyer in Q3 2018 was BlackRock, an estimated $1.16M added.
- The largest Ready Capital seller in Q3 2018 was Geode Capital Management, an estimated $2.43M sold.
Based on aggregated 13F filings for Q3 2018.