Richmont Mines Inc.
RIC
RIC was delisted on the 22nd of November, 2017.
74 hedge funds and large institutions have $295M invested in Richmont Mines Inc. in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 15 closing their positions.
90% more call options, than puts
Call options by funds: $410K | Put options by funds: $216K
17% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 24
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 79 → 74 (-5)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
29% less capital invested
Capital invested by funds: $417M → $295M (-$121M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$18.7M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.72M |
| 3 |
TAM
Tocqueville Asset Management
New York
|
+$5.45M |
| 4 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
+$4.81M |
| 5 |
MBI
Montrusco Bolton Investments
Montreal,
Quebec, Canada
|
+$4.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$16M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$12.1M |
| 3 |
JIR
James Investment Research
Alpha,
Ohio
|
-$6.08M |
| 4 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$5.08M |
| 5 |
SIM
Spark Investment Management
New York
|
-$4.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BIM
76
Bogle Investment Management
Newton Lower Falls,
Massachusetts
| – | -$2.07M | -206,176 | Closed |
|
|
PIC
77
PCJ Investment Counsel
Toronto,
Ontario, Canada
| – | -$1M | -99,393 | Closed |
|
|
HIM
78
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$836K | -83,000 | Closed |
|
|
TSS
79
Two Sigma Securities
New York
| – | -$441K | -43,861 | Closed |
|
80
UBS AM
Chicago,
Illinois
| – | -$276K | -27,400 | Closed |
|
|
CSS
81
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$182K | -18,047 | Closed |
|
82
Acadian Asset Management
Boston,
Massachusetts
| – | -$134K | -13,327 | Closed |
|
83
Ameriprise
Minneapolis,
Minnesota
| – | -$111K | -11,037 | Closed |
|
84
CIBC World Market
Toronto,
Ontario, Canada
| – | -$108K | -10,732 | Closed |
|
|
FTUS
85
Flow Traders U.S.
New York
| – | -$78.1K | -10,288 | -100% |
|
86
JP Morgan Chase
New York
| – | -$21K | -2,056 | Closed |
|
87
Simplex Trading
Chicago,
Illinois
| – | -$7.61K | -1,003 | Closed |
|
88
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$440 | -58 | -69% |
|
RIC Hedge Fund Activity: Q4 2016 in Review
74 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Richmont Mines Inc. (RIC) for Q4 2016, worth a combined $295M — down 29% from $417M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of RIC and 11 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 28 added.
The largest buyer was 1832 Asset Management, adding an estimated $18.7M. The largest seller was VanEck Associates, cutting an estimated $16M.
- 74 institutional investors held Richmont Mines Inc. (RIC) as of Q4 2016, down from 79 in Q3 2016.
- Funds reported $295M of Richmont Mines Inc. stock for Q4 2016, down 29% quarter-over-quarter.
- 11 funds opened new Richmont Mines Inc. positions in Q4 2016 and 15 closed out, a net change of -4 holders.
- The largest Richmont Mines Inc. buyer in Q4 2016 was 1832 Asset Management, an estimated $18.7M added.
- The largest Richmont Mines Inc. seller in Q4 2016 was VanEck Associates, an estimated $16M sold.
Based on aggregated 13F filings for Q4 2016.