Sabesp
151 hedge funds and large institutions have $582M invested in Sabesp in 2020 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 36 increasing their positions, 66 reducing their positions, and 20 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
61% more call options, than puts
Call options by funds: $703K | Put options by funds: $436K
3% less funds holding
Funds holding: 156 → 151 (-5)
9.54% less ownership
Funds ownership: 62.67% → 53.13% (-9.5%)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
33% less capital invested
Capital invested by funds: $871M → $582M (-$289M)
45% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Impax Asset Management Group
London,
United Kingdom
|
+$17M |
| 2 |
CC
Covalis Capital
London,
United Kingdom
|
+$11.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$8.99M |
| 4 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$4.7M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$3.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nordea Investment Management
Stockholm,
Sweden
|
-$42.1M |
| 2 |
Morgan Stanley
New York
|
-$34.6M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$27.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$24.2M |
| 5 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$13.8M |
SBS Hedge Fund Activity: Q3 2020 in Review
151 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Sabesp (SBS) for Q3 2020, worth a combined $582M — down 33% from $871M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of SBS and 15 opened new positions — a net loss of 5 holders — while 66 trimmed existing stakes and 36 added.
The largest buyer was Impax Asset Management Group, adding an estimated $17M. The largest seller was Nordea Investment Management, cutting an estimated $42.1M.
- 151 institutional investors held Sabesp (SBS) as of Q3 2020, down from 156 in Q2 2020.
- Funds reported $582M of Sabesp stock for Q3 2020, down 33% quarter-over-quarter.
- 15 funds opened new Sabesp positions in Q3 2020 and 20 closed out, a net change of -5 holders.
- The largest Sabesp buyer in Q3 2020 was Impax Asset Management Group, an estimated $17M added.
- The largest Sabesp seller in Q3 2020 was Nordea Investment Management, an estimated $42.1M sold.
Based on aggregated 13F filings for Q3 2020.