RE/MAX Holdings
RMAX
149 hedge funds and large institutions have $531M invested in RE/MAX Holdings in 2019 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 65 increasing their positions, 38 reducing their positions, and 27 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 38
1.05% more ownership
Funds ownership: 101.48% → 102.53% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less call options, than puts
Call options by funds: $476K | Put options by funds: $482K
4% less capital invested
Capital invested by funds: $555M → $531M (-$24.8M)
4% less funds holding
Funds holding: 155 → 149 (-6)
22% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OFM
Okumus Fund Management
Grand Cayman,
Cayman Islands
|
+$20.9M |
| 2 |
BlackRock
New York
|
+$11.3M |
| 3 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
+$10.2M |
| 4 |
AAM
Aureus Asset Management
Boston,
Massachusetts
|
+$8.39M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$6.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$29.8M |
| 2 |
JP Morgan Chase
New York
|
-$21.3M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$8.25M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$5.34M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$4.51M |
RMAX Hedge Fund Activity: Q3 2019 in Review
149 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in RE/MAX Holdings (RMAX) for Q3 2019, worth a combined $531M — down 4.5% from $555M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of RMAX and 21 opened new positions — a net loss of 6 holders — while 38 trimmed existing stakes and 65 added.
The largest buyer was Okumus Fund Management, adding an estimated $20.9M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $29.8M sold.
- 149 institutional investors held RE/MAX Holdings (RMAX) as of Q3 2019, down from 155 in Q2 2019.
- Funds reported $531M of RE/MAX Holdings stock for Q3 2019, down 4.5% quarter-over-quarter.
- 21 funds opened new RE/MAX Holdings positions in Q3 2019 and 27 closed out, a net change of -6 holders.
- The largest RE/MAX Holdings buyer in Q3 2019 was Okumus Fund Management, an estimated $20.9M added.
- The largest RE/MAX Holdings seller in Q3 2019 was DePrince Race & Zollo Inc (DRZ), an estimated $29.8M sold.
Based on aggregated 13F filings for Q3 2019.