Radian Group
175 hedge funds and large institutions have $4.5B invested in Radian Group in 2013 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 67 increasing their positions, 61 reducing their positions, and 35 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
19% more capital invested
Capital invested by funds: $3.78B → $4.5B (+$725M)
10% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 61
8% more call options, than puts
Call options by funds: $114M | Put options by funds: $106M
3% less funds holding
Funds holding: 181 → 175 (-6)
4.13% less ownership
Funds ownership: 103.02% → 98.89% (-4.1%)
17% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
+$74M |
| 2 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$44.2M |
| 3 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
+$21.1M |
| 4 |
SCM
Saba Capital Management
New York
|
+$20.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Financial Markets
Paris,
France
|
-$140M |
| 2 |
CCI
Columbus Circle Investors
|
-$40.7M |
| 3 |
SM
Senvest Management
New York
|
-$36.4M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$33.6M |
| 5 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$32.7M |
RDN Hedge Fund Activity: Q4 2013 in Review
175 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Radian Group (RDN) for Q4 2013, worth a combined $4.5B — up 19% from $3.78B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of RDN and 29 opened new positions — a net loss of 6 holders — while 61 trimmed existing stakes and 67 added.
The largest buyer was Maverick Capital, adding an estimated $74M. The largest seller was BNP Paribas Financial Markets, cutting an estimated $140M.
- 175 institutional investors held Radian Group (RDN) as of Q4 2013, down from 181 in Q3 2013.
- Funds reported $4.5B of Radian Group stock for Q4 2013, up 19% quarter-over-quarter.
- 29 funds opened new Radian Group positions in Q4 2013 and 35 closed out, a net change of -6 holders.
- The largest Radian Group buyer in Q4 2013 was Maverick Capital, an estimated $74M added.
- The largest Radian Group seller in Q4 2013 was BNP Paribas Financial Markets, an estimated $140M sold.
Based on aggregated 13F filings for Q4 2013.