RenaissanceRe
263 hedge funds and large institutions have $3.99B invested in RenaissanceRe in 2013 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 91 increasing their positions, 82 reducing their positions, and 15 closing their positions.
240% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 15
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
16% more funds holding
Funds holding: 227 → 263 (+36)
11% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 82
5% more capital invested
Capital invested by funds: $3.8B → $3.99B (+$184M)
2.37% less ownership
Funds ownership: 94.44% → 92.07% (-2.4%)
34% less call options, than puts
Call options by funds: $5.73M | Put options by funds: $8.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EARNEST Partners
Atlanta,
Georgia
|
+$54.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$38.4M |
| 3 |
Goldman Sachs
New York
|
+$29.3M |
| 4 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$22.1M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$20.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$121M |
| 2 |
AI
Analytic Investors
Los Angeles,
California
|
-$64.5M |
| 3 |
CII
CR Intrinsic Investors
Stamford,
Connecticut
|
-$34M |
| 4 |
SCA
SAC Capital Advisors
Stamford,
Connecticut
|
-$30.8M |
| 5 |
TCM
TimesSquare Capital Management
New York
|
-$29.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Acadian Asset Management
Boston,
Massachusetts
| – | -$255K | -2,815 | Closed |
|
|
CA
277
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
| – | -$201K | -2,218 | Closed |
|
|
FANJ
278
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$181K | -2,000 | Closed |
|
RNR Hedge Fund Activity: Q4 2013 in Review
263 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in RenaissanceRe (RNR) for Q4 2013, worth a combined $3.99B — up 4.8% from $3.8B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new RNR positions and 15 closed out — a net gain of 36 holders — while 91 added to existing stakes and 82 trimmed.
The largest buyer was EARNEST Partners, opening a new position worth an estimated $54.1M. The largest seller was JP Morgan Chase, cutting an estimated $121M.
- 263 institutional investors held RenaissanceRe (RNR) as of Q4 2013, up from 227 in Q3 2013.
- Funds reported $3.99B of RenaissanceRe stock for Q4 2013, up 4.8% quarter-over-quarter.
- 51 funds opened new RenaissanceRe positions in Q4 2013 and 15 closed out, a net change of +36 holders.
- The largest RenaissanceRe buyer in Q4 2013 was EARNEST Partners, an estimated $54.1M added.
- The largest RenaissanceRe seller in Q4 2013 was JP Morgan Chase, an estimated $121M sold.
Based on aggregated 13F filings for Q4 2013.