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191 hedge funds and large institutions have $836M invested in Sabesp in 2016 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 56 increasing their positions, 76 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

336% more call options, than puts

Call options by funds: $671K | Put options by funds: $154K

17% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 24

2% more funds holding

Funds holding: 188191 (+3)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

6.33% less ownership

Funds ownership: 78.98%72.66% (-6.3%)

14% less capital invested

Capital invested by funds: $969M → $836M (-$133M)

26% less repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 76

Holders
191
Holders Change
+3
Holders Change %
+1.6%
% of All Funds
4.78%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.07%
New
28
Increased
56
Reduced
76
Closed
24
Calls
$671K
Puts
$154K
Net Calls
+$517K
Net Calls Change
+$167K
Name Holding Trade Value Shares
Change
Change in
Stake
WPL
1
WINDACRE PARTNERSHIP LLC
Texas
$74.2M +$13.8M +7,836,883 +22%
AQR Capital Management
2
AQR Capital Management
Connecticut
$58.4M +$1.46M +831,530 +2%
IAMU
3
Impax Asset Management (UK)
United Kingdom
$51.9M +$27.8M +15,827,910 +105%
UBS AM
4
UBS AM
Illinois
$43.2M +$938K +533,462 +2%
Vanguard Group
5
Vanguard Group
Pennsylvania
$40.9M +$1.5M +850,213 +4%
BC
6
Brookfield Corp
Ontario, Canada
$37.7M +$6.39M +3,631,739 +19%
Bank of America
7
Bank of America
North Carolina
$26.3M -$7.16M -4,068,429 -21%
LBA
8
Letko, Brosseau & Associates
Quebec, Canada
$25.5M -$1.35M -768,192 -5%
Invesco
9
Invesco
Georgia
$22.9M -$5.88M -3,346,196 -20%
Credit Agricole
10
Credit Agricole
France
$21.9M +$8.8M +5,004,503 +63%
Renaissance Technologies
11
Renaissance Technologies
New York
$20.5M -$436K -248,029 -2%
Nordea Investment Management
12
Nordea Investment Management
Sweden
$16.9M -$8.33M -4,733,853 -32%
BIT
13
BlackRock Institutional Trust
California
$16.3M +$2.42M +1,377,359 +17%
Acadian Asset Management
14
Acadian Asset Management
Massachusetts
$15.2M +$1.68M +956,613 +12%
Millennium Management
15
Millennium Management
New York
$15.2M -$2M -1,138,565 -11%
PPA
16
Parametric Portfolio Associates
Washington
$14.9M +$3.22M +1,833,067 +26%
Deutsche Bank
17
Deutsche Bank
Germany
$14.4M -$321K -182,716 -2%
BG
18
BlackRock Group
United Kingdom
$13.9M +$1.01M +576,505 +8%
SO
19
STRS Ohio
Ohio
$12.5M
State Street
20
State Street
Massachusetts
$12.2M -$60K -34,106 -0.5%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$11.9M -$41.6K -23,663 -0.3%
IAMA
22
Impax Asset Management (AIFM)
United Kingdom
$11.5M +$921K +523,763 +8%
BlackRock
23
BlackRock
New York
$11.3M +$2.37M +1,347,492 +25%
Allianz Asset Management
24
Allianz Asset Management
Germany
$10.6M -$9.74M -5,539,327 -47%
JP Morgan Chase
25
JP Morgan Chase
New York
$9.97M +$164K +93,302 +2%

SBS Hedge Fund Activity: Q4 2016 in Review

191 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Sabesp (SBS) for Q4 2016, worth a combined $836M — down 14% from $969M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new SBS positions and 24 closed out — a net gain of 4 holders — while 56 added to existing stakes and 76 trimmed.

The largest buyer was Impax Asset Management (UK), adding an estimated $27.8M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $58.8M sold.

  • 191 institutional investors held Sabesp (SBS) as of Q4 2016, up from 188 in Q3 2016.
  • Funds reported $836M of Sabesp stock for Q4 2016, down 14% quarter-over-quarter.
  • 28 funds opened new Sabesp positions in Q4 2016 and 24 closed out, a net change of +4 holders.
  • The largest Sabesp buyer in Q4 2016 was Impax Asset Management (UK), an estimated $27.8M added.
  • The largest Sabesp seller in Q4 2016 was Arrowstreet Capital, an estimated $58.8M sold.

Based on aggregated 13F filings for Q4 2016.