Safety Insurance
SAFT
125 hedge funds and large institutions have $564M invested in Safety Insurance in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 41 increasing their positions, 46 reducing their positions, and 8 closing their positions.
438% more call options, than puts
Call options by funds: $350K | Put options by funds: $65K
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
2% more funds holding
Funds holding: 122 → 125 (+3)
7% less capital invested
Capital invested by funds: $605M → $564M (-$40.8M)
11% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 46
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$25.4M |
| 2 |
Bank of New York Mellon
New York
|
+$9.83M |
| 3 |
IAM
Impax Asset Management
Portsmouth,
New Hampshire
|
+$1.68M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.47M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$18.9M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$18.1M |
| 3 |
DC
Davenport & Co
Richmond,
Virginia
|
-$4.83M |
| 4 |
FIM
Fernwood Investment Management
Quincy,
Massachusetts
|
-$4.67M |
| 5 |
BNP Paribas Asset Management
Paris,
France
|
-$3.87M |
SAFT Hedge Fund Activity: Q1 2014 in Review
125 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Safety Insurance (SAFT) for Q1 2014, worth a combined $564M — down 6.7% from $605M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SAFT positions and 8 closed out — a net gain of 4 holders — while 41 added to existing stakes and 46 trimmed.
The largest buyer was Vulcan Value Partners, opening a new position worth an estimated $25.4M. The largest seller was River Road Asset Management, cutting an estimated $18.9M.
- 125 institutional investors held Safety Insurance (SAFT) as of Q1 2014, up from 122 in Q4 2013.
- Funds reported $564M of Safety Insurance stock for Q1 2014, down 6.7% quarter-over-quarter.
- 12 funds opened new Safety Insurance positions in Q1 2014 and 8 closed out, a net change of +4 holders.
- The largest Safety Insurance buyer in Q1 2014 was Vulcan Value Partners, an estimated $25.4M added.
- The largest Safety Insurance seller in Q1 2014 was River Road Asset Management, an estimated $18.9M sold.
Based on aggregated 13F filings for Q1 2014.