RenaissanceRe
381 hedge funds and large institutions have $8.28B invested in RenaissanceRe in 2023 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 122 increasing their positions, 139 reducing their positions, and 39 closing their positions.
85% more call options, than puts
Call options by funds: $11.6M | Put options by funds: $6.3M
72% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 39
8% more capital invested
Capital invested by funds: $7.65B → $8.28B (+$624M)
6% more funds holding
Funds holding: 358 → 381 (+23)
2.99% less ownership
Funds ownership: 97.23% → 94.24% (-3%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
12% less repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 139
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$125M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$58.1M |
| 3 |
Millennium Management
New York
|
+$26.6M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$25M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$21.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$151M |
| 2 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$123M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$75.5M |
| 4 |
State Street
Boston,
Massachusetts
|
-$64.8M |
| 5 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
-$34.5M |
RNR Hedge Fund Activity: Q1 2023 in Review
381 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in RenaissanceRe (RNR) for Q1 2023, worth a combined $8.28B — up 8.2% from $7.65B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new RNR positions and 39 closed out — a net gain of 28 holders — while 122 added to existing stakes and 139 trimmed.
The largest buyer was Egerton Capital (UK), opening a new position worth an estimated $125M. The largest seller was T. Rowe Price Associates, cutting an estimated $151M.
- 381 institutional investors held RenaissanceRe (RNR) as of Q1 2023, up from 358 in Q4 2022.
- Funds reported $8.28B of RenaissanceRe stock for Q1 2023, up 8.2% quarter-over-quarter.
- 67 funds opened new RenaissanceRe positions in Q1 2023 and 39 closed out, a net change of +28 holders.
- The largest RenaissanceRe buyer in Q1 2023 was Egerton Capital (UK), an estimated $125M added.
- The largest RenaissanceRe seller in Q1 2023 was T. Rowe Price Associates, an estimated $151M sold.
Based on aggregated 13F filings for Q1 2023.