Sabesp
SBS
168 hedge funds and large institutions have $649M invested in Sabesp in 2018 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 50 reducing their positions, and 29 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
5.77% more ownership
Funds ownership: 77.21% → 82.99% (+5.8%)
5% more capital invested
Capital invested by funds: $615M → $649M (+$33.7M)
8% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 50
7% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 29
3% less funds holding
Funds holding: 173 → 168 (-5)
95% less call options, than puts
Call options by funds: $19K | Put options by funds: $399K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nordea Investment Management
Stockholm,
Sweden
|
+$38.9M |
| 2 |
WPL
WINDACRE PARTNERSHIP LLC
Houston,
Texas
|
+$4.6M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.28M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.41M |
| 5 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
+$3.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$9.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$9.12M |
| 3 |
Goldman Sachs
New York
|
-$7.17M |
| 4 |
Renaissance Technologies
New York
|
-$3.94M |
| 5 |
BlackRock
New York
|
-$3.18M |
SBS Hedge Fund Activity: Q3 2018 in Review
168 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Sabesp (SBS) for Q3 2018, worth a combined $649M — up 5.5% from $615M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of SBS and 27 opened new positions — a net loss of 2 holders — while 50 trimmed existing stakes and 54 added.
The largest buyer was Nordea Investment Management, opening a new position worth an estimated $38.9M. The largest seller was Causeway Capital Management, cutting an estimated $9.6M.
- 168 institutional investors held Sabesp (SBS) as of Q3 2018, down from 173 in Q2 2018.
- Funds reported $649M of Sabesp stock for Q3 2018, up 5.5% quarter-over-quarter.
- 27 funds opened new Sabesp positions in Q3 2018 and 29 closed out, a net change of -2 holders.
- The largest Sabesp buyer in Q3 2018 was Nordea Investment Management, an estimated $38.9M added.
- The largest Sabesp seller in Q3 2018 was Causeway Capital Management, an estimated $9.6M sold.
Based on aggregated 13F filings for Q3 2018.