RenaissanceRe
389 hedge funds and large institutions have $10.2B invested in RenaissanceRe in 2023 Q4 according to their latest regulatory filings, with 58 funds opening new positions, 145 increasing their positions, 131 reducing their positions, and 50 closing their positions.
16% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 50
11% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 131
7.36% more ownership
Funds ownership: 94.09% → 101.45% (+7.4%)
6% more capital invested
Capital invested by funds: $9.57B → $10.2B (+$609M)
1% more funds holding
Funds holding: 386 → 389 (+3)
11% less call options, than puts
Call options by funds: $22M | Put options by funds: $24.7M
31% less funds holding in top 10
Funds holding in top 10: 13 → 9 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$395M |
| 2 |
AIG
American International Group
New York
|
+$275M |
| 3 |
Bank of New York Mellon
New York
|
+$245M |
| 4 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$112M |
| 5 |
Morgan Stanley
New York
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
ARGA Investment Management
Stamford,
Connecticut
|
-$152M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$129M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$60.1M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$57.4M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$56.1M |
RNR Hedge Fund Activity: Q4 2023 in Review
389 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in RenaissanceRe (RNR) for Q4 2023, worth a combined $10.2B — up 6.4% from $9.57B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new RNR positions and 50 closed out — a net gain of 8 holders — while 145 added to existing stakes and 131 trimmed.
The largest buyer was Orbis Allan Gray, adding an estimated $395M. The largest seller was ARGA Investment Management, cutting an estimated $152M.
- 389 institutional investors held RenaissanceRe (RNR) as of Q4 2023, up from 386 in Q3 2023.
- Funds reported $10.2B of RenaissanceRe stock for Q4 2023, up 6.4% quarter-over-quarter.
- 58 funds opened new RenaissanceRe positions in Q4 2023 and 50 closed out, a net change of +8 holders.
- The largest RenaissanceRe buyer in Q4 2023 was Orbis Allan Gray, an estimated $395M added.
- The largest RenaissanceRe seller in Q4 2023 was ARGA Investment Management, an estimated $152M sold.
Based on aggregated 13F filings for Q4 2023.