RenaissanceRe
266 hedge funds and large institutions have $4.51B invested in RenaissanceRe in 2014 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 98 increasing their positions, 91 reducing their positions, and 22 closing their positions.
41% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 22
15% more capital invested
Capital invested by funds: $3.92B → $4.51B (+$588M)
7.35% more ownership
Funds ownership: 96.66% → 104.02% (+7.4%)
3% more funds holding
Funds holding: 258 → 266 (+8)
8% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 91
29% less call options, than puts
Call options by funds: $2.93M | Put options by funds: $4.15M
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$159M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$49.3M |
| 3 |
Los Angeles Capital Management
Los Angeles,
California
|
+$43.6M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$35.4M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$26.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
-$137M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
-$27.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$18.3M |
| 4 |
AIM
ARGA Investment Management
Stamford,
Connecticut
|
-$17.7M |
| 5 |
TFP
Triple Frond Partners
San Francisco,
California
|
-$17.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SB
276
Suntrust Banks
Atlanta,
Georgia
| – | -$534K | -5,472 | Closed |
|
|
MCM
277
Munder Capital Management
Birmingham,
Michigan
| – | -$314K | -3,215 | Closed |
|
|
QT
278
Quantbot Technologies
New York
| – | -$303K | -3,113 | Closed |
|
|
IA
279
Icon Advisers
Greenwood Village,
Colorado
| – | -$303K | -3,100 | Closed |
|
|
CT
280
Cambridge Trust
Cambridge,
Massachusetts
| – | -$261K | -2,671 | Closed |
|
|
SCM
281
Stux Capital Management
New York
| – | -$244K | -2,500 | Closed |
|
282
Jane Street
New York
| – | -$234K | -2,396 | Closed |
|
|
DTL
283
Dynamic Technology Lab
Singapore
| – | -$230K | -2,361 | Closed |
|
284
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$223K | -2,287 | Closed |
|
285
Citadel Advisors
Miami,
Florida
| – | -$162K | -1,579 | Closed |
|
|
CTC
286
Central Trust Company
Jefferson City,
Missouri
| – | -$3K | -27 | Closed |
|
287
Creative Planning
Overland Park,
Kansas
| – | -$1K | -13 | Closed |
|
RNR Hedge Fund Activity: Q2 2014 in Review
266 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in RenaissanceRe (RNR) for Q2 2014, worth a combined $4.51B — up 15% from $3.92B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new RNR positions and 22 closed out — a net gain of 9 holders — while 98 added to existing stakes and 91 trimmed.
The largest buyer was AJO LP, adding an estimated $159M. The largest seller was TimesSquare Capital Management, cutting an estimated $137M.
- 266 institutional investors held RenaissanceRe (RNR) as of Q2 2014, up from 258 in Q1 2014.
- Funds reported $4.51B of RenaissanceRe stock for Q2 2014, up 15% quarter-over-quarter.
- 31 funds opened new RenaissanceRe positions in Q2 2014 and 22 closed out, a net change of +9 holders.
- The largest RenaissanceRe buyer in Q2 2014 was AJO LP, an estimated $159M added.
- The largest RenaissanceRe seller in Q2 2014 was TimesSquare Capital Management, an estimated $137M sold.
Based on aggregated 13F filings for Q2 2014.