RE/MAX Holdings
RMAX
161 hedge funds and large institutions have $728M invested in RE/MAX Holdings in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 64 increasing their positions, 39 reducing their positions, and 18 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 39
56% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 18
31% more capital invested
Capital invested by funds: $555M → $728M (+$173M)
6% more funds holding
Funds holding: 152 → 161 (+9)
4.81% more ownership
Funds ownership: 101.66% → 106.47% (+4.8%)
19% less call options, than puts
Call options by funds: $382K | Put options by funds: $474K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$29.9M |
| 2 |
GIP
Granite Investment Partners
El Segundo,
California
|
+$15.2M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$8.96M |
| 4 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$4.91M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$9.07M |
| 2 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$6.24M |
| 3 |
Two Sigma Investments
New York
|
-$4.02M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.5M |
| 5 |
Millennium Management
New York
|
-$2.29M |
RMAX Hedge Fund Activity: Q1 2019 in Review
161 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in RE/MAX Holdings (RMAX) for Q1 2019, worth a combined $728M — up 31% from $555M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new RMAX positions and 18 closed out — a net gain of 10 holders — while 64 added to existing stakes and 39 trimmed.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $29.9M. The largest seller was Morgan Stanley, cutting an estimated $9.07M.
- 161 institutional investors held RE/MAX Holdings (RMAX) as of Q1 2019, up from 152 in Q4 2018.
- Funds reported $728M of RE/MAX Holdings stock for Q1 2019, up 31% quarter-over-quarter.
- 28 funds opened new RE/MAX Holdings positions in Q1 2019 and 18 closed out, a net change of +10 holders.
- The largest RE/MAX Holdings buyer in Q1 2019 was DePrince Race & Zollo Inc (DRZ), an estimated $29.9M added.
- The largest RE/MAX Holdings seller in Q1 2019 was Morgan Stanley, an estimated $9.07M sold.
Based on aggregated 13F filings for Q1 2019.