Radian Group
190 hedge funds and large institutions have $2.89B invested in Radian Group in 2014 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 72 increasing their positions, 67 reducing their positions, and 31 closing their positions.
41% more call options, than puts
Call options by funds: $56.7M | Put options by funds: $40.2M
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
4.43% more ownership
Funds ownership: 101.75% → 106.18% (+4.4%)
7% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 67
2% more capital invested
Capital invested by funds: $2.84B → $2.89B (+$50.9M)
2% less funds holding
Funds holding: 194 → 190 (-4)
13% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIG
Senator Investment Group
New York
|
+$84M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$70.3M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
+$53.4M |
| 4 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$40.9M |
| 5 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPM
Bronson Point Management
Fairfield,
Connecticut
|
-$37M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$31.5M |
| 3 |
SCM
Saba Capital Management
New York
|
-$28.6M |
| 4 |
Bank of New York Mellon
New York
|
-$26.6M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$20.8M |
RDN Hedge Fund Activity: Q3 2014 in Review
190 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Radian Group (RDN) for Q3 2014, worth a combined $2.89B — up 1.8% from $2.84B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of RDN and 27 opened new positions — a net loss of 4 holders — while 67 trimmed existing stakes and 72 added.
The largest buyer was Senator Investment Group, adding an estimated $84M. The largest seller was Bronson Point Management, exiting entirely with an estimated $37M sold.
- 190 institutional investors held Radian Group (RDN) as of Q3 2014, down from 194 in Q2 2014.
- Funds reported $2.89B of Radian Group stock for Q3 2014, up 1.8% quarter-over-quarter.
- 27 funds opened new Radian Group positions in Q3 2014 and 31 closed out, a net change of -4 holders.
- The largest Radian Group buyer in Q3 2014 was Senator Investment Group, an estimated $84M added.
- The largest Radian Group seller in Q3 2014 was Bronson Point Management, an estimated $37M sold.
Based on aggregated 13F filings for Q3 2014.