Sabesp
164 hedge funds and large institutions have $1.23B invested in Sabesp in 2013 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 52 increasing their positions, 66 reducing their positions, and 43 closing their positions.
350% more call options, than puts
Call options by funds: $2.01M | Put options by funds: $446K
8.25% less ownership
Funds ownership: 102.13% → 93.88% (-8.3%)
13% less capital invested
Capital invested by funds: $1.41B → $1.23B (-$180M)
14% less funds holding
Funds holding: 190 → 164 (-26)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
21% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 66
58% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$39.2M |
| 2 |
Bank of New York Mellon
New York
|
+$30.4M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$23.9M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$11.4M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$52.3M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$34.3M |
| 3 |
HCM
Highbridge Capital Management
New York
|
-$20.1M |
| 4 |
BKBG
BHF Kleinwort Benson Group
Brussels,
Belgium
|
-$19.5M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$18.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AF
201
Arrow Financial
Glens Falls,
New York
| – | -$19K | -9,282 | Closed |
|
|
TRCT
202
Tower Research Capital (TRC)
New York
| – | -$10K | -4,863 | Closed |
|
|
PTC
203
Private Trust Company
Cleveland,
Ohio
| – | -$8K | -4,012 | Closed |
|
204
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$4K | -2,222 | Closed |
|
|
FHA
205
First Horizon Advisors
Memphis,
Tennessee
| – | -$1.04K | -557 | Closed |
|
|
HR
206
Howe & Rusling
Rochester,
New York
| – | -$1K | -309 | Closed |
|
207
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$454 | +242 | New |
|
SBS Hedge Fund Activity: Q3 2013 in Review
164 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Sabesp (SBS) for Q3 2013, worth a combined $1.23B — down 13% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of SBS and 18 opened new positions — a net loss of 25 holders — while 66 trimmed existing stakes and 52 added.
The largest buyer was Brookfield Corp, opening a new position worth an estimated $39.2M. The largest seller was Wellington Management Group, cutting an estimated $52.3M.
- 164 institutional investors held Sabesp (SBS) as of Q3 2013, down from 190 in Q2 2013.
- Funds reported $1.23B of Sabesp stock for Q3 2013, down 13% quarter-over-quarter.
- 18 funds opened new Sabesp positions in Q3 2013 and 43 closed out, a net change of -25 holders.
- The largest Sabesp buyer in Q3 2013 was Brookfield Corp, an estimated $39.2M added.
- The largest Sabesp seller in Q3 2013 was Wellington Management Group, an estimated $52.3M sold.
Based on aggregated 13F filings for Q3 2013.