Sabesp
178 hedge funds and large institutions have $988M invested in Sabesp in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 51 increasing their positions, 74 reducing their positions, and 20 closing their positions.
30% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 20
21% more capital invested
Capital invested by funds: $819M → $988M (+$169M)
3% more funds holding
Funds holding: 173 → 178 (+5)
6.09% less ownership
Funds ownership: 76.59% → 70.5% (-6.1%)
31% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 74
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
80% less call options, than puts
Call options by funds: $329K | Put options by funds: $1.68M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$44M |
| 2 |
Renaissance Technologies
New York
|
+$17.7M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$10.8M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$8.54M |
| 5 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
+$8.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Impax Asset Management Group
London,
United Kingdom
|
-$64.2M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$27.1M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$19.1M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$17.3M |
| 5 |
Man Group
London,
United Kingdom
|
-$10.8M |
SBS Hedge Fund Activity: Q1 2019 in Review
178 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Sabesp (SBS) for Q1 2019, worth a combined $988M — up 21% from $819M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new SBS positions and 20 closed out — a net gain of 6 holders — while 51 added to existing stakes and 74 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $44M. The largest seller was Impax Asset Management Group, cutting an estimated $64.2M.
- 178 institutional investors held Sabesp (SBS) as of Q1 2019, up from 173 in Q4 2018.
- Funds reported $988M of Sabesp stock for Q1 2019, up 21% quarter-over-quarter.
- 26 funds opened new Sabesp positions in Q1 2019 and 20 closed out, a net change of +6 holders.
- The largest Sabesp buyer in Q1 2019 was AQR Capital Management, an estimated $44M added.
- The largest Sabesp seller in Q1 2019 was Impax Asset Management Group, an estimated $64.2M sold.
Based on aggregated 13F filings for Q1 2019.