Sabesp
173 hedge funds and large institutions have $787M invested in Sabesp in 2018 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 46 increasing their positions, 58 reducing their positions, and 34 closing their positions.
15% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 34
13% more call options, than puts
Call options by funds: $408K | Put options by funds: $362K
2% more funds holding
Funds holding: 169 → 173 (+4)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6.87% less ownership
Funds ownership: 83.46% → 76.59% (-6.9%)
21% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 58
50% less capital invested
Capital invested by funds: $1.58B → $787M (-$789M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$45.6M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$33.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$14M |
| 4 |
Goldman Sachs
New York
|
+$12.1M |
| 5 |
Morgan Stanley
New York
|
+$9.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$927M |
| 2 |
WPL
WINDACRE PARTNERSHIP LLC
Houston,
Texas
|
-$92.9M |
| 3 |
Lazard Asset Management
New York
|
-$51.3M |
| 4 |
Impax Asset Management Group
London,
United Kingdom
|
-$48.6M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$7.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -758 | Closed |
|
|
CFGS
202
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$496 | -345 | Closed |
|
|
ED
203
Exane Derivatives
Paris,
France
| – | -$6 | -5 | Closed |
|
|
AIC
204
Ameritas Investment Company
Lincoln,
Nebraska
| – | +$303 | +211 | New |
|
|
AC
205
Avestar Capital
New York
| – | +$512 | +356 | New |
|
SBS Hedge Fund Activity: Q4 2018 in Review
173 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Sabesp (SBS) for Q4 2018, worth a combined $787M — down 50% from $1.58B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new SBS positions and 34 closed out — a net gain of 5 holders — while 46 added to existing stakes and 58 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $45.6M. The largest seller was SPX Gestao de Recursos, exiting entirely with an estimated $927M sold.
- 173 institutional investors held Sabesp (SBS) as of Q4 2018, up from 169 in Q3 2018.
- Funds reported $787M of Sabesp stock for Q4 2018, down 50% quarter-over-quarter.
- 39 funds opened new Sabesp positions in Q4 2018 and 34 closed out, a net change of +5 holders.
- The largest Sabesp buyer in Q4 2018 was AQR Capital Management, an estimated $45.6M added.
- The largest Sabesp seller in Q4 2018 was SPX Gestao de Recursos, an estimated $927M sold.
Based on aggregated 13F filings for Q4 2018.