RE/MAX Holdings
RMAX
148 hedge funds and large institutions have $1.15B invested in RE/MAX Holdings in 2017 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 65 increasing their positions, 47 reducing their positions, and 13 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 47
14% more capital invested
Capital invested by funds: $1B → $1.15B (+$142M)
0.69% more ownership
Funds ownership: 101.08% → 101.77% (+0.69%)
3% less funds holding
Funds holding: 152 → 148 (-4)
23% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$17.4M |
| 2 |
Renaissance Technologies
New York
|
+$4.2M |
| 3 |
Goldman Sachs
New York
|
+$3.37M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.25M |
| 5 |
SAM
Sentinel Asset Management
Montpelier,
Vermont
|
+$3.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$10.5M |
| 2 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$9.21M |
| 3 |
BlackRock
New York
|
-$2.28M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$2.12M |
| 5 |
Charles Schwab
San Francisco,
California
|
-$1.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IR
151
Invictus RG
Hamilton,
Bermuda
| – | -$415K | -7,407 | Closed |
|
152
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
| – | -$269K | -4,800 | Closed |
|
153
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$235K | -3,931 | Closed |
|
154
Robeco Institutional Asset Management
Rotterdam,
Netherlands
| – | -$177K | -3,151 | Closed |
|
|
QT
155
Quantbot Technologies
New York
| – | -$44K | -800 | Closed |
|
156
Pacer Advisors
Malvern,
Pennsylvania
| – | -$16K | -292 | Closed |
|
157
Creative Planning
Overland Park,
Kansas
| – | -$13K | -225 | Closed |
|
|
AIM
158
Acrospire Investment Management
Chicago,
Illinois
| – | -$10K | -175 | Closed |
|
|
EA
159
Edge Advisors
Atlanta,
Georgia
| – | -$7K | -137 | Closed |
|
|
BFEC
160
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$3K | -50 | Closed |
|
|
SPIA
161
Steward Partners Investment Advisory
New York
| – | -$1K | -28 | Closed |
|
RMAX Hedge Fund Activity: Q3 2017 in Review
148 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in RE/MAX Holdings (RMAX) for Q3 2017, worth a combined $1.15B — up 14% from $1B a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of RMAX and 10 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 65 added.
The largest buyer was PNC Financial Services Group, adding an estimated $17.4M. The largest seller was Putnam Investments, cutting an estimated $10.5M.
- 148 institutional investors held RE/MAX Holdings (RMAX) as of Q3 2017, down from 152 in Q2 2017.
- Funds reported $1.15B of RE/MAX Holdings stock for Q3 2017, up 14% quarter-over-quarter.
- 10 funds opened new RE/MAX Holdings positions in Q3 2017 and 13 closed out, a net change of -3 holders.
- The largest RE/MAX Holdings buyer in Q3 2017 was PNC Financial Services Group, an estimated $17.4M added.
- The largest RE/MAX Holdings seller in Q3 2017 was Putnam Investments, an estimated $10.5M sold.
Based on aggregated 13F filings for Q3 2017.