Regional Management Corp
82 hedge funds and large institutions have $267M invested in Regional Management Corp in 2013 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 33 increasing their positions, 12 reducing their positions, and 7 closing their positions.
329% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 7
175% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 12
123% more capital invested
Capital invested by funds: $120M → $267M (+$147M)
39% more funds holding
Funds holding: 59 → 82 (+23)
28.63% more ownership
Funds ownership: 38.05% → 66.68% (+29%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GGHC
Gilder Gagnon Howe & Co
New York
|
+$19.1M |
| 2 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
+$13.5M |
| 3 |
JP Morgan Chase
New York
|
+$8.66M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$7.09M |
| 5 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
+$6.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.37M |
| 2 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$2.38M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$1.91M |
| 4 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$1.27M |
| 5 |
EC
EJF Capital
Arlington,
Virginia
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Invesco
Atlanta,
Georgia
| $73K | – | – | – |
|
|
U
77
UBS
Zurich,
Switzerland
| $30K | +$27.2K | +959 | New |
|
78
Citigroup
New York
| $16K | -$18.4K | -650 | -57% |
|
79
Ameriprise
Minneapolis,
Minnesota
| $14K | – | – | – |
|
80
California Public Employees Retirement System
Sacramento,
California
| $6K | – | – | – |
|
81
Barclays
London,
United Kingdom
| $4K | -$1.33K | -47 | -27% |
|
82
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $166 | – | – | – |
|
|
WA
83
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$1.27M | -50,695 | Closed |
|
|
QCMNJ
84
Quantum Capital Management (New Jersey)
Northfield,
New Jersey
| – | -$893K | -35,734 | Closed |
|
|
IIM
85
Ironwood Investment Management
Boston,
Massachusetts
| – | -$314K | -12,550 | Closed |
|
86
Axa
Paris,
France
| – | -$121K | -4,832 | Closed |
|
87
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$57K | -2,271 | Closed |
|
|
BJ
88
BlackRock Japan
Tokyo,
Japan
| – | -$25K | -999 | Closed |
|
|
OA
89
OFI Advisors
Philadelphia,
Pennsylvania
| – | -$12K | -469 | Closed |
|
RM Hedge Fund Activity: Q3 2013 in Review
82 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Regional Management Corp (RM) for Q3 2013, worth a combined $267M — up 123% from $120M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new RM positions and 7 closed out — a net gain of 23 holders — while 33 added to existing stakes and 12 trimmed.
The largest buyer was Gilder Gagnon Howe & Co, opening a new position worth an estimated $19.1M. The largest seller was Fidelity Investments, cutting an estimated $4.37M.
- 82 institutional investors held Regional Management Corp (RM) as of Q3 2013, up from 59 in Q2 2013.
- Funds reported $267M of Regional Management Corp stock for Q3 2013, up 123% quarter-over-quarter.
- 30 funds opened new Regional Management Corp positions in Q3 2013 and 7 closed out, a net change of +23 holders.
- The largest Regional Management Corp buyer in Q3 2013 was Gilder Gagnon Howe & Co, an estimated $19.1M added.
- The largest Regional Management Corp seller in Q3 2013 was Fidelity Investments, an estimated $4.37M sold.
Based on aggregated 13F filings for Q3 2013.