RE/MAX Holdings
RMAX
69 hedge funds and large institutions have $314M invested in RE/MAX Holdings in 2014 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 26 increasing their positions, 25 reducing their positions, and 11 closing their positions.
2,970% more call options, than puts
Call options by funds: $1.14M | Put options by funds: $37K
4% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 25
0.86% less ownership
Funds ownership: 94.67% → 93.81% (-0.86%)
4% less funds holding
Funds holding: 72 → 69 (-3)
11% less capital invested
Capital invested by funds: $352M → $314M (-$38.7M)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$25.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.56M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$3.31M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$3.04M |
| 5 |
Millennium Management
New York
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Roystone Capital Management
New York
|
-$20.3M |
| 2 |
JP Morgan Chase
New York
|
-$9.59M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$4.69M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$3.56M |
| 5 |
Morgan Stanley
New York
|
-$3.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCA
76
Catalyst Capital Advisors
Huntington,
New York
| – | -$56K | -1,752 | Closed |
|
77
California Public Employees Retirement System
Sacramento,
California
| – | -$16K | -500 | Closed |
|
|
TDC
78
Thompson Davis & Co
Richmond,
Virginia
| – | -$15.2K | -500 | Closed |
|
|
WA
79
WFG Advisors
Dallas,
Texas
| – | -$1K | -41 | Closed |
|
|
FNBT
80
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$1K | -21 | Closed |
|
RMAX Hedge Fund Activity: Q1 2014 in Review
69 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in RE/MAX Holdings (RMAX) for Q1 2014, worth a combined $314M — down 11% from $352M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of RMAX and 9 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 26 added.
The largest buyer was Van Berkom & Associates, opening a new position worth an estimated $25.6M. The largest seller was Roystone Capital Management, cutting an estimated $20.3M.
- 69 institutional investors held RE/MAX Holdings (RMAX) as of Q1 2014, down from 72 in Q4 2013.
- Funds reported $314M of RE/MAX Holdings stock for Q1 2014, down 11% quarter-over-quarter.
- 9 funds opened new RE/MAX Holdings positions in Q1 2014 and 11 closed out, a net change of -2 holders.
- The largest RE/MAX Holdings buyer in Q1 2014 was Van Berkom & Associates, an estimated $25.6M added.
- The largest RE/MAX Holdings seller in Q1 2014 was Roystone Capital Management, an estimated $20.3M sold.
Based on aggregated 13F filings for Q1 2014.