Richmont Mines Inc.
RIC
RIC was delisted on the 22nd of November, 2017.
70 hedge funds and large institutions have $324M invested in Richmont Mines Inc. in 2017 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 14 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
53% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 19
12% more call options, than puts
Call options by funds: $491K | Put options by funds: $437K
8% more capital invested
Capital invested by funds: $301M → $324M (+$23.8M)
5% less funds holding
Funds holding: 74 → 70 (-4)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
+$10.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$8.71M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$4.59M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$4.09M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VanEck Associates
New York
|
-$34.9M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$8.5M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$5.32M |
| 4 |
CIBC Asset Management
Toronto,
Ontario, Canada
|
-$4.68M |
| 5 |
Renaissance Technologies
New York
|
-$2.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ST
76
Spot Trading
Chicago,
Illinois
| – | -$118K | -16,604 | Closed |
|
77
Walleye Trading
New York
| – | -$100 | -14,100 | Closed |
|
78
Stifel Financial
St. Louis,
Missouri
| – | -$91K | -12,900 | Closed |
|
|
PP
79
Paloma Partners
Greenwich,
Connecticut
| – | -$84K | -11,900 | Closed |
|
|
AIM
80
Acrospire Investment Management
Chicago,
Illinois
| – | -$40K | -5,604 | Closed |
|
|
MCM
81
McKinley Capital Management
Anchorage,
Alaska
| – | -$18K | -1,920 | Closed |
|
|
PFGIA
82
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$8K | -1,025 | Closed |
|
|
PMFA
83
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$1K | -100 | Closed |
|
84
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | +$22 | +3 | +10% |
|
RIC Hedge Fund Activity: Q2 2017 in Review
70 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Richmont Mines Inc. (RIC) for Q2 2017, worth a combined $324M — up 7.9% from $301M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of RIC and 10 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 29 added.
The largest buyer was Tocqueville Asset Management, adding an estimated $10.5M. The largest seller was VanEck Associates, cutting an estimated $34.9M.
- 70 institutional investors held Richmont Mines Inc. (RIC) as of Q2 2017, down from 74 in Q1 2017.
- Funds reported $324M of Richmont Mines Inc. stock for Q2 2017, up 7.9% quarter-over-quarter.
- 10 funds opened new Richmont Mines Inc. positions in Q2 2017 and 14 closed out, a net change of -4 holders.
- The largest Richmont Mines Inc. buyer in Q2 2017 was Tocqueville Asset Management, an estimated $10.5M added.
- The largest Richmont Mines Inc. seller in Q2 2017 was VanEck Associates, an estimated $34.9M sold.
Based on aggregated 13F filings for Q2 2017.