Safety Insurance
SAFT
114 hedge funds and large institutions have $572M invested in Safety Insurance in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 48 increasing their positions, 42 reducing their positions, and 8 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 42
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $601M → $572M (-$29.1M)
3% less funds holding
Funds holding: 118 → 114 (-4)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
+$4.37M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.92M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.25M |
| 4 |
PP
Prospector Partners
Guilford,
Connecticut
|
+$1.02M |
| 5 |
Goldman Sachs
New York
|
+$939K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$75.3M |
| 2 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$6.77M |
| 3 |
HMC
Harbert Management Corporation
Birmingham,
Alabama
|
-$4.37M |
| 4 |
DC
Davenport & Co
Richmond,
Virginia
|
-$3.76M |
| 5 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$2.3M |
SAFT Hedge Fund Activity: Q3 2013 in Review
114 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Safety Insurance (SAFT) for Q3 2013, worth a combined $572M — down 4.8% from $601M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SAFT and 6 opened new positions — a net loss of 2 holders — while 42 trimmed existing stakes and 48 added.
The largest buyer was TimesSquare Capital Management, adding an estimated $4.37M. The largest seller was Bank of New York Mellon, cutting an estimated $75.3M.
- 114 institutional investors held Safety Insurance (SAFT) as of Q3 2013, down from 118 in Q2 2013.
- Funds reported $572M of Safety Insurance stock for Q3 2013, down 4.8% quarter-over-quarter.
- 6 funds opened new Safety Insurance positions in Q3 2013 and 8 closed out, a net change of -2 holders.
- The largest Safety Insurance buyer in Q3 2013 was TimesSquare Capital Management, an estimated $4.37M added.
- The largest Safety Insurance seller in Q3 2013 was Bank of New York Mellon, an estimated $75.3M sold.
Based on aggregated 13F filings for Q3 2013.