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Rambus
RMBS

142 hedge funds and large institutions have $868M invested in Rambus in 2014 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 42 increasing their positions, 48 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 16

21% more call options, than puts

Call options by funds: $13.6M | Put options by funds: $11.3M

5% more funds holding

Funds holding: 135 → 142 (+7)

11% less capital invested

Capital invested by funds: $972M → $868M (-$105M)

13% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 48

Holders
142
Holders Change
+7
Holders Change %
+5.19%
% of All Funds
3.79%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
25
Increased
42
Reduced
48
Closed
16
Calls
$13.6M
Puts
$11.3M
Net Calls
+$2.38M
Net Calls Change
-$3.38M

Top Buyers

1
WRF
Waddell & Reed Financial
Kansas
+$9.82M
2
BFA
BlackRock Fund Advisors
California
+$4.84M
3
PCM
Penn Capital Management
Pennsylvania
+$4.28M
4
Norges Bank
Norges Bank
Norway
+$3.1M
5
RFC
Russell Frank Company
Washington
+$3M

Top Sellers

1
LSCM
Light Street Capital Management
California
-$14M
2
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$7.38M
3
CM
Castleark Management
Illinois
-$3.69M
4
Goldman Sachs
Goldman Sachs
New York
-$3.03M
5
FA
Friess Associates
Delaware
-$2.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
WRF
1
Waddell & Reed Financial
Kansas
$130M +$9.82M +867,300 +8%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$120M -$1.94M -171,300 -2%
Primecap Management
3
Primecap Management
California
$92.7M -$500K -44,150 -0.5%
Vanguard Group
4
Vanguard Group
Pennsylvania
$76.3M -$1.35M -119,073 -2%
Luther King Capital Management (LKCM)
5
Luther King Capital Management (LKCM)
Texas
$36.6M -$2.51M -221,302 -6%
BFA
6
BlackRock Fund Advisors
California
$32.6M +$4.84M +427,653 +17%
Lord, Abbett & Co
7
Lord, Abbett & Co
New Jersey
$32.2M -$7.38M -651,535 -18%
BIT
8
BlackRock Institutional Trust
California
$31.9M -$477K -42,145 -1%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$29.8M +$1.58M +139,701 +5%
Neuberger Berman Group
10
Neuberger Berman Group
New York
$25.5M +$1.35M +119,146 +5%
State Street
11
State Street
Massachusetts
$25M +$128K +11,324 +0.5%
PCM
12
Penn Capital Management
Pennsylvania
$22.4M +$4.28M +377,759 +23%
NIMC
13
NWQ Investment Management Company
California
$20.9M -$101K -8,951 -0.5%
Norges Bank
14
Norges Bank
Norway
$18.4M +$3.1M +273,473 +20%
Northern Trust
15
Northern Trust
Illinois
$13.9M -$544K -48,000 -4%
TA
16
Teachers Advisors
New York
$12.8M +$730K +64,490 +6%
Renaissance Technologies
17
Renaissance Technologies
New York
$8.7M -$758K -66,900 -8%
Deutsche Bank
18
Deutsche Bank
Germany
$8.08M +$214K +18,858 +3%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$7.92M -$209K -18,468 -3%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$7.69M -$1.14M -100,689 -13%
RFC
21
Russell Frank Company
Washington
$7.47M +$3M +265,166 +65%
MAA
22
Managed Account Advisors
New Jersey
$5.93M -$464K -40,971 -7%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$5.33M +$1.42M +124,999 +35%
TCIM
24
TIAA CREF Investment Management
New York
$4.42M -$283K -24,975 -6%
New York State Common Retirement Fund
25
New York State Common Retirement Fund
New York
$4.3M +$1.13M +100,153 +35%
1
2 3 4 5

RMBS Hedge Fund Activity: Q4 2014 in Review

142 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Rambus (RMBS) for Q4 2014, worth a combined $868M — down 11% from $972M a quarter earlier.

Buyers outnumbered sellers: 25 funds opened new RMBS positions and 16 closed out — a net gain of 9 holders — while 42 added to existing stakes and 48 trimmed.

The largest buyer was Waddell & Reed Financial, adding an estimated $9.82M. The largest seller was Light Street Capital Management, exiting entirely with an estimated $14M sold.

  • 142 institutional investors held Rambus (RMBS) as of Q4 2014, up from 135 in Q3 2014.
  • Funds reported $868M of Rambus stock for Q4 2014, down 11% quarter-over-quarter.
  • 25 funds opened new Rambus positions in Q4 2014 and 16 closed out, a net change of +9 holders.
  • The largest Rambus buyer in Q4 2014 was Waddell & Reed Financial, an estimated $9.82M added.
  • The largest Rambus seller in Q4 2014 was Light Street Capital Management, an estimated $14M sold.

Based on aggregated 13F filings for Q4 2014.