RE/MAX Holdings
RMAX
75 hedge funds and large institutions have $335M invested in RE/MAX Holdings in 2014 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
17% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 24
12% more funds holding
Funds holding: 67 → 75 (+8)
1.08% more ownership
Funds ownership: 96.26% → 97.33% (+1.1%)
1% more capital invested
Capital invested by funds: $331M → $335M (+$4.18M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$6.24M |
| 2 |
Millennium Management
New York
|
+$5.99M |
| 3 |
Bank of New York Mellon
New York
|
+$5.9M |
| 4 |
JP Morgan Chase
New York
|
+$4.47M |
| 5 |
Morgan Stanley
New York
|
+$2.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$11.8M |
| 2 |
ROIC
Route One Investment Company
San Francisco,
California
|
-$11.2M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$8.54M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.91M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$1.66M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CWAM
76
Columbia Wanger Asset Management
Chicago,
Illinois
| – | -$11.8M | -400,000 | Closed |
|
|
ROIC
77
Route One Investment Company
San Francisco,
California
| – | -$11.2M | -377,044 | Closed |
|
|
ARC
78
Absolute Return Capital
Boston,
Massachusetts
| – | -$865K | -29,216 | Closed |
|
79
Group One Trading
Chicago,
Illinois
| – | -$44K | -1,490 | Closed |
|
|
VFA
80
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$27K | -908 | Closed |
|
RMAX Hedge Fund Activity: Q3 2014 in Review
75 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in RE/MAX Holdings (RMAX) for Q3 2014, worth a combined $335M — up 1.3% from $331M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new RMAX positions and 5 closed out — a net gain of 9 holders — while 28 added to existing stakes and 24 trimmed.
The largest buyer was Van Berkom & Associates, adding an estimated $6.24M. The largest seller was Columbia Wanger Asset Management, exiting entirely with an estimated $11.8M sold.
- 75 institutional investors held RE/MAX Holdings (RMAX) as of Q3 2014, up from 67 in Q2 2014.
- Funds reported $335M of RE/MAX Holdings stock for Q3 2014, up 1.3% quarter-over-quarter.
- 14 funds opened new RE/MAX Holdings positions in Q3 2014 and 5 closed out, a net change of +9 holders.
- The largest RE/MAX Holdings buyer in Q3 2014 was Van Berkom & Associates, an estimated $6.24M added.
- The largest RE/MAX Holdings seller in Q3 2014 was Columbia Wanger Asset Management, an estimated $11.8M sold.
Based on aggregated 13F filings for Q3 2014.