Saga Communications
51 hedge funds and large institutions have $152M invested in Saga Communications in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 22 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 50 → 51 (+1)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.68% less ownership
Funds ownership: 92.98% → 92.3% (-0.68%)
22% less capital invested
Capital invested by funds: $196M → $152M (-$43.4M)
64% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MA
Minerva Advisors
Bala Cynwyd,
Pennsylvania
|
+$570K |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$433K |
| 3 |
Morgan Stanley
New York
|
+$243K |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$165K |
| 5 |
SG Americas Securities
New York
|
+$131K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$458K |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$440K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$276K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$263K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$246K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
51
Credit Suisse
Zurich,
Switzerland
| – | -$263K | -6,157 | Closed |
|
|
PP
52
Paloma Partners
Greenwich,
Connecticut
| – | -$243K | -5,682 | Closed |
|
53
RhumbLine Advisers
Boston,
Massachusetts
| – | -$208K | -4,861 | Closed |
|
|
VFA
54
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$13K | -309 | Closed |
|
55
Ameriprise
Minneapolis,
Minnesota
| – | +$379 | +10 | New |
|
SGA Hedge Fund Activity: Q3 2014 in Review
51 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Saga Communications (SGA) for Q3 2014, worth a combined $152M — down 22% from $196M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SGA positions and 6 closed out — a net gain of 1 holder — while 8 added to existing stakes and 22 trimmed.
The largest buyer was Minerva Advisors, opening a new position worth an estimated $570K. The largest seller was State Street, cutting an estimated $458K.
- 51 institutional investors held Saga Communications (SGA) as of Q3 2014, up from 50 in Q2 2014.
- Funds reported $152M of Saga Communications stock for Q3 2014, down 22% quarter-over-quarter.
- 7 funds opened new Saga Communications positions in Q3 2014 and 6 closed out, a net change of +1 holder.
- The largest Saga Communications buyer in Q3 2014 was Minerva Advisors, an estimated $570K added.
- The largest Saga Communications seller in Q3 2014 was State Street, an estimated $458K sold.
Based on aggregated 13F filings for Q3 2014.