RE/MAX Holdings
RMAX
67 hedge funds and large institutions have $331M invested in RE/MAX Holdings in 2014 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 9 closing their positions.
5% more capital invested
Capital invested by funds: $314M → $331M (+$16.9M)
2.45% more ownership
Funds ownership: 93.81% → 96.26% (+2.4%)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
3% less funds holding
Funds holding: 69 → 67 (-2)
18% less call options, than puts
Call options by funds: $278K | Put options by funds: $341K
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$21.2M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$12.4M |
| 3 |
ROIC
Route One Investment Company
San Francisco,
California
|
+$10.7M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$2.91M |
| 5 |
Capital World Investors
Los Angeles,
California
|
+$2.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$27.9M |
| 2 |
RCM
Roystone Capital Management
New York
|
-$10.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.6M |
| 4 |
Millennium Management
New York
|
-$1.54M |
| 5 |
JP Morgan Chase
New York
|
-$1.54M |
RMAX Hedge Fund Activity: Q2 2014 in Review
67 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in RE/MAX Holdings (RMAX) for Q2 2014, worth a combined $331M — up 5.4% from $314M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of RMAX and 7 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 27 added.
The largest buyer was Burgundy Asset Management, adding an estimated $21.2M. The largest seller was Sculptor Capital, exiting entirely with an estimated $27.9M sold.
- 67 institutional investors held RE/MAX Holdings (RMAX) as of Q2 2014, down from 69 in Q1 2014.
- Funds reported $331M of RE/MAX Holdings stock for Q2 2014, up 5.4% quarter-over-quarter.
- 7 funds opened new RE/MAX Holdings positions in Q2 2014 and 9 closed out, a net change of -2 holders.
- The largest RE/MAX Holdings buyer in Q2 2014 was Burgundy Asset Management, an estimated $21.2M added.
- The largest RE/MAX Holdings seller in Q2 2014 was Sculptor Capital, an estimated $27.9M sold.
Based on aggregated 13F filings for Q2 2014.