RenaissanceRe
227 hedge funds and large institutions have $3.8B invested in RenaissanceRe in 2013 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 77 increasing their positions, 91 reducing their positions, and 33 closing their positions.
22% more call options, than puts
Call options by funds: $8.39M | Put options by funds: $6.87M
6% more capital invested
Capital invested by funds: $3.6B → $3.8B (+$201M)
1.2% more ownership
Funds ownership: 93.25% → 94.44% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
7% less funds holding
Funds holding: 244 → 227 (-17)
15% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 91
48% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$142M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$121M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$116M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$25.5M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$22.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$116M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$98.5M |
| 3 |
SO
STRS Ohio
Columbus,
Ohio
|
-$24.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$22.3M |
| 5 |
Morgan Stanley
New York
|
-$16.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ZDA
251
Zweig-DiMenna Associates
New York
| – | -$361K | -4,164 | Closed |
|
|
OI
252
Oakbrook Investments
Lisle,
Illinois
| – | -$310K | -3,571 | Closed |
|
253
Tudor Investment Corp
Stamford,
Connecticut
| – | -$304K | -3,500 | Closed |
|
|
CAM
254
Carret Asset Management
New York
| – | -$260K | -3,000 | Closed |
|
|
CG
255
Clinton Group
New York
| – | -$253K | -2,918 | Closed |
|
256
Nomura Holdings
Tokyo,
Japan
| – | -$251K | -2,897 | Closed |
|
|
LNB
257
Ledyard National Bank
| – | -$28K | -320 | Closed |
|
258
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$3K | -29 | Closed |
|
259
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$1K | -17 | Closed |
|
|
OSAM
260
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | +$87 | +1 | +33% |
|
RNR Hedge Fund Activity: Q3 2013 in Review
227 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in RenaissanceRe (RNR) for Q3 2013, worth a combined $3.8B — up 5.6% from $3.6B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of RNR and 17 opened new positions — a net loss of 16 holders — while 91 trimmed existing stakes and 77 added.
The largest buyer was JP Morgan Chase, adding an estimated $142M. The largest seller was SAC Capital Advisors, cutting an estimated $116M.
- 227 institutional investors held RenaissanceRe (RNR) as of Q3 2013, down from 244 in Q2 2013.
- Funds reported $3.8B of RenaissanceRe stock for Q3 2013, up 5.6% quarter-over-quarter.
- 17 funds opened new RenaissanceRe positions in Q3 2013 and 33 closed out, a net change of -16 holders.
- The largest RenaissanceRe buyer in Q3 2013 was JP Morgan Chase, an estimated $142M added.
- The largest RenaissanceRe seller in Q3 2013 was SAC Capital Advisors, an estimated $116M sold.
Based on aggregated 13F filings for Q3 2013.