Richmont Mines Inc.
RIC
RIC was delisted on the 22nd of November, 2017.
79 hedge funds and large institutions have $381M invested in Richmont Mines Inc. in 2017 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 20 increasing their positions, 24 reducing their positions, and 14 closing their positions.
71% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 14
17% more capital invested
Capital invested by funds: $324M → $381M (+$56.3M)
13% more funds holding
Funds holding: 70 → 79 (+9)
17% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 24
37% less call options, than puts
Call options by funds: $378K | Put options by funds: $602K
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$14.5M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$12.6M |
| 3 |
YCMGA
York Capital Management Global Advisors
New York
|
+$11M |
| 4 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$8.5M |
| 5 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
+$6.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
-$20.1M |
| 2 |
O
OppenheimerFunds
New York
|
-$17.9M |
| 3 |
SI
Sprott Inc
Toronto,
Ontario, Canada
|
-$7.91M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.79M |
| 5 |
Canada Life
Winnipeg,
Manitoba, Canada
|
-$6.55M |
RIC Hedge Fund Activity: Q3 2017 in Review
79 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Richmont Mines Inc. (RIC) for Q3 2017, worth a combined $381M — up 17% from $324M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new RIC positions and 14 closed out — a net gain of 10 holders — while 20 added to existing stakes and 24 trimmed.
The largest buyer was Magnetar Financial, opening a new position worth an estimated $14.5M. The largest seller was Tocqueville Asset Management, exiting entirely with an estimated $20.1M sold.
- 79 institutional investors held Richmont Mines Inc. (RIC) as of Q3 2017, up from 70 in Q2 2017.
- Funds reported $381M of Richmont Mines Inc. stock for Q3 2017, up 17% quarter-over-quarter.
- 24 funds opened new Richmont Mines Inc. positions in Q3 2017 and 14 closed out, a net change of +10 holders.
- The largest Richmont Mines Inc. buyer in Q3 2017 was Magnetar Financial, an estimated $14.5M added.
- The largest Richmont Mines Inc. seller in Q3 2017 was Tocqueville Asset Management, an estimated $20.1M sold.
Based on aggregated 13F filings for Q3 2017.