RenaissanceRe
357 hedge funds and large institutions have $8B invested in RenaissanceRe in 2019 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 118 increasing their positions, 124 reducing their positions, and 36 closing their positions.
55% more call options, than puts
Call options by funds: $20M | Put options by funds: $13M
39% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 36
6% more capital invested
Capital invested by funds: $7.54B → $8B (+$461M)
4% more funds holding
Funds holding: 344 → 357 (+13)
0% more funds holding in top 10
Funds holding in top 10: 11 → 11 (0)
5% less repeat investments, than reductions
Existing positions increased: 118 | Existing positions reduced: 124
2.22% less ownership
Funds ownership: 96.08% → 93.86% (-2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CII
Capital International Inc
Los Angeles,
California
|
+$40.9M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$40.5M |
| 3 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$39.5M |
| 4 |
BlackRock
New York
|
+$35.8M |
| 5 |
Capital International Investors
Los Angeles,
California
|
+$33.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$222M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$60.4M |
| 3 |
Millennium Management
New York
|
-$55.3M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$43.8M |
| 5 |
ABI
Abrams Bison Investments
Bethesda,
Maryland
|
-$39.2M |
RNR Hedge Fund Activity: Q3 2019 in Review
357 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in RenaissanceRe (RNR) for Q3 2019, worth a combined $8B — up 6.1% from $7.54B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new RNR positions and 36 closed out — a net gain of 14 holders — while 118 added to existing stakes and 124 trimmed.
The largest buyer was Capital International Inc, adding an estimated $40.9M. The largest seller was Fidelity Investments, cutting an estimated $222M.
- 357 institutional investors held RenaissanceRe (RNR) as of Q3 2019, up from 344 in Q2 2019.
- Funds reported $8B of RenaissanceRe stock for Q3 2019, up 6.1% quarter-over-quarter.
- 50 funds opened new RenaissanceRe positions in Q3 2019 and 36 closed out, a net change of +14 holders.
- The largest RenaissanceRe buyer in Q3 2019 was Capital International Inc, an estimated $40.9M added.
- The largest RenaissanceRe seller in Q3 2019 was Fidelity Investments, an estimated $222M sold.
Based on aggregated 13F filings for Q3 2019.