RE/MAX Holdings
RMAX
132 hedge funds and large institutions have $222M invested in RE/MAX Holdings in 2023 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 24 increasing their positions, 51 reducing their positions, and 22 closing their positions.
195% more call options, than puts
Call options by funds: $242K | Put options by funds: $82K
82% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 22
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
15% more funds holding
Funds holding: 115 → 132 (+17)
1.21% more ownership
Funds ownership: 93.35% → 94.55% (+1.2%)
32% less capital invested
Capital invested by funds: $325M → $222M (-$103M)
53% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$7.78M |
| 2 |
Millennium Management
New York
|
+$6.3M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$6.09M |
| 4 |
GC
Gratia Capital
Los Angeles,
California
|
+$5.35M |
| 5 |
D.E. Shaw & Co
New York
|
+$4.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$26.9M |
| 2 |
State Street
Boston,
Massachusetts
|
-$5.21M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.21M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$2.09M |
| 5 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$2.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
151
Parallel Advisors
San Francisco,
California
| – | -$636 | -33 | Closed |
|
152
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$404 | -21 | Closed |
|
|
FMII
153
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$327 | -17 | Closed |
|
|
NS
154
NBC Securities
Birmingham,
Alabama
| – | +$174 | +10 | New |
|
RMAX Hedge Fund Activity: Q3 2023 in Review
132 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in RE/MAX Holdings (RMAX) for Q3 2023, worth a combined $222M — down 32% from $325M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new RMAX positions and 22 closed out — a net gain of 18 holders — while 24 added to existing stakes and 51 trimmed.
The largest buyer was Assenagon Asset Management, opening a new position worth an estimated $7.78M. The largest seller was BlackRock, cutting an estimated $26.9M.
- 132 institutional investors held RE/MAX Holdings (RMAX) as of Q3 2023, up from 115 in Q2 2023.
- Funds reported $222M of RE/MAX Holdings stock for Q3 2023, down 32% quarter-over-quarter.
- 40 funds opened new RE/MAX Holdings positions in Q3 2023 and 22 closed out, a net change of +18 holders.
- The largest RE/MAX Holdings buyer in Q3 2023 was Assenagon Asset Management, an estimated $7.78M added.
- The largest RE/MAX Holdings seller in Q3 2023 was BlackRock, an estimated $26.9M sold.
Based on aggregated 13F filings for Q3 2023.