Sabesp
173 hedge funds and large institutions have $819M 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 33 closing their positions.
26% more capital invested
Capital invested by funds: $649M → $819M (+$170M)
18% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 33
13% more call options, than puts
Call options by funds: $408K | Put options by funds: $362K
3% more funds holding
Funds holding: 168 → 173 (+5)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6.4% less ownership
Funds ownership: 82.99% → 76.59% (-6.4%)
21% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 58
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 |
WPL
WINDACRE PARTNERSHIP LLC
Houston,
Texas
|
-$92.9M |
| 2 |
Lazard Asset Management
New York
|
-$51.3M |
| 3 |
Impax Asset Management Group
London,
United Kingdom
|
-$48.6M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$7.46M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$4.98M |
SBS Hedge Fund Activity: Q4 2018 in Review
173 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Sabesp (SBS) for Q4 2018, worth a combined $819M — up 26% from $649M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new SBS positions and 33 closed out — a net gain of 6 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 WINDACRE PARTNERSHIP LLC, exiting entirely with an estimated $92.9M sold.
- 173 institutional investors held Sabesp (SBS) as of Q4 2018, up from 168 in Q3 2018.
- Funds reported $819M of Sabesp stock for Q4 2018, up 26% quarter-over-quarter.
- 39 funds opened new Sabesp positions in Q4 2018 and 33 closed out, a net change of +6 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 WINDACRE PARTNERSHIP LLC, an estimated $92.9M sold.
Based on aggregated 13F filings for Q4 2018.