Sabesp
SBS
181 hedge funds and large institutions have $1.29B invested in Sabesp in 2014 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 60 increasing their positions, 57 reducing their positions, and 18 closing their positions.
111% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 18
74% more call options, than puts
Call options by funds: $4.75M | Put options by funds: $2.73M
11% more funds holding
Funds holding: 163 → 181 (+18)
8.41% more ownership
Funds ownership: 98.05% → 106.46% (+8.4%)
5% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 57
12% less capital invested
Capital invested by funds: $1.46B → $1.29B (-$175M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
+$88.3M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$27.1M |
| 3 |
BKBG
BHF Kleinwort Benson Group
Brussels,
Belgium
|
+$17.5M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
+$10.8M |
| 5 |
Lazard Asset Management
New York
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$92.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$20.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$16.3M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$15.5M |
| 5 |
WAM
Water Asset Management
New York
|
-$11.3M |
SBS Hedge Fund Activity: Q1 2014 in Review
181 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Sabesp (SBS) for Q1 2014, worth a combined $1.29B — down 12% from $1.46B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new SBS positions and 18 closed out — a net gain of 20 holders — while 60 added to existing stakes and 57 trimmed.
The largest buyer was Elliott Management, adding an estimated $88.3M. The largest seller was Ninety One (UK), exiting entirely with an estimated $92.1M sold.
- 181 institutional investors held Sabesp (SBS) as of Q1 2014, up from 163 in Q4 2013.
- Funds reported $1.29B of Sabesp stock for Q1 2014, down 12% quarter-over-quarter.
- 38 funds opened new Sabesp positions in Q1 2014 and 18 closed out, a net change of +20 holders.
- The largest Sabesp buyer in Q1 2014 was Elliott Management, an estimated $88.3M added.
- The largest Sabesp seller in Q1 2014 was Ninety One (UK), an estimated $92.1M sold.
Based on aggregated 13F filings for Q1 2014.