Sabesp
150 hedge funds and large institutions have $595M invested in Sabesp in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 32 increasing their positions, 71 reducing their positions, and 50 closing their positions.
338% more call options, than puts
Call options by funds: $8.06M | Put options by funds: $1.84M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4.1% less ownership
Funds ownership: 64.89% → 60.79% (-4.1%)
19% less funds holding
Funds holding: 186 → 150 (-36)
54% less capital invested
Capital invested by funds: $1.29B → $595M (-$699M)
55% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 71
64% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$36.1M |
| 2 |
Impax Asset Management Group
London,
United Kingdom
|
+$23.7M |
| 3 |
BBP
Banco BTG Pactual
Rio De Janeiro,
Brazil
|
+$16.6M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$8.29M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
+$5.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$35.4M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$24.1M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
-$15.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$10.5M |
| 5 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
-$9.72M |
SBS Hedge Fund Activity: Q1 2020 in Review
150 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Sabesp (SBS) for Q1 2020, worth a combined $595M — down 54% from $1.29B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of SBS and 18 opened new positions — a net loss of 32 holders — while 71 trimmed existing stakes and 32 added.
The largest buyer was Fidelity Investments, adding an estimated $36.1M. The largest seller was Morgan Stanley, cutting an estimated $35.4M.
- 150 institutional investors held Sabesp (SBS) as of Q1 2020, down from 186 in Q4 2019.
- Funds reported $595M of Sabesp stock for Q1 2020, down 54% quarter-over-quarter.
- 18 funds opened new Sabesp positions in Q1 2020 and 50 closed out, a net change of -32 holders.
- The largest Sabesp buyer in Q1 2020 was Fidelity Investments, an estimated $36.1M added.
- The largest Sabesp seller in Q1 2020 was Morgan Stanley, an estimated $35.4M sold.
Based on aggregated 13F filings for Q1 2020.