Stonegate Mortgage Corporation
SGM
SGM was delisted on the 31st of May, 2017.
26 hedge funds and large institutions have $69M invested in Stonegate Mortgage Corporation in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 6 closing their positions.
32% more capital invested
Capital invested by funds: $52.1M → $69M (+$16.9M)
4% less funds holding
Funds holding: 27 → 26 (-1)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
+$2.44M |
| 2 |
SIM
Spark Investment Management
New York
|
+$104K |
| 3 |
Renaissance Technologies
New York
|
+$79.9K |
| 4 |
Millennium Management
New York
|
+$52.3K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$31.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCC
Second Curve Capital
Radnor,
Pennsylvania
|
-$1.31M |
| 2 |
6CM
683 Capital Management
New York
|
-$565K |
| 3 |
MCM
Maltese Capital Management
New York
|
-$395K |
| 4 |
IGIM
I.G. Investment Management
Winnipeg,
Manitoba, Canada
|
-$352K |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$209K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
SEI Investments
Oaks,
Pennsylvania
| $5K | +$3.9K | +835 | New |
|
|
IGIM
27
I.G. Investment Management
Winnipeg,
Manitoba, Canada
| – | -$352K | -76,759 | Closed |
|
|
28
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
| – | -$209K | -45,721 | Closed |
|
29
Bank of America
Charlotte,
North Carolina
| – | -$97K | -21,186 | Closed |
|
|
AIM
30
Acrospire Investment Management
Chicago,
Illinois
| – | -$24K | -5,249 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$14K | -3,119 | Closed |
|
32
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$5K | -1,234 | Closed |
|
SGM Hedge Fund Activity: Q4 2016 in Review
26 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Stonegate Mortgage Corporation (SGM) for Q4 2016, worth a combined $69M — up 32% from $52.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SGM and 5 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 6 added.
The largest buyer was Jacobs Asset Management, opening a new position worth an estimated $2.44M. The largest seller was Second Curve Capital, cutting an estimated $1.31M.
- 26 institutional investors held Stonegate Mortgage Corporation (SGM) as of Q4 2016, down from 27 in Q3 2016.
- Funds reported $69M of Stonegate Mortgage Corporation stock for Q4 2016, up 32% quarter-over-quarter.
- 5 funds opened new Stonegate Mortgage Corporation positions in Q4 2016 and 6 closed out, a net change of -1 holder.
- The largest Stonegate Mortgage Corporation buyer in Q4 2016 was Jacobs Asset Management, an estimated $2.44M added.
- The largest Stonegate Mortgage Corporation seller in Q4 2016 was Second Curve Capital, an estimated $1.31M sold.
Based on aggregated 13F filings for Q4 2016.