Star Group
SGU
57 hedge funds and large institutions have $181M invested in Star Group in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 8 closing their positions.
19% more capital invested
Capital invested by funds: $153M → $181M (+$28.3M)
1.11% more ownership
Funds ownership: 29.67% → 30.78% (+1.1%)
7% less funds holding
Funds holding: 61 → 57 (-4)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$10.4M |
| 2 |
RA
Royce & Associates
New York
|
+$6.45M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.26M |
| 4 |
LWCA
Locust Wood Capital Advisers
New York
|
+$2.3M |
| 5 |
MCP
Moab Capital Partners
Southampton,
New York
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.3M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$2.74M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.71M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.02M |
| 5 |
HLA
Hamilton Lane Advisors
Conshohocken,
Pennsylvania
|
-$575K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
First Manhattan
New York
| $5K | – | – | – |
|
|
GWM
52
Geneos Wealth Management
Englewood,
Colorado
| $5K | – | – | – |
|
53
Fifth Third Bancorp
Cincinnati,
Ohio
| $2K | – | – | – |
|
|
NA
54
NewEdge Advisors
New Orleans,
Louisiana
| $1.06K | +$988 | +100 | New |
|
|
NFG
55
Next Financial Group
Houston,
Texas
| $1K | – | – | – |
|
56
Barclays
London,
United Kingdom
| $1K | +$1.15K | +116 | New |
|
|
HLA
57
Hamilton Lane Advisors
Conshohocken,
Pennsylvania
| – | -$575K | -62,484 | Closed |
|
|
SG
58
StepStone Group
La Jolla,
California
| – | -$477K | -51,596 | Closed |
|
|
AP
59
AlpInvest Partners
Amsterdam,
Netherlands
| – | -$319K | -34,637 | Closed |
|
|
WMRU
60
William Marsh Rice University
Houston,
Texas
| – | -$159K | -17,318 | Closed |
|
61
Wolverine Trading
Chicago,
Illinois
| – | -$135K | -14,656 | Closed |
|
|
FDCDDQ
62
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$72.4K | -7,872 | Closed |
|
63
Walleye Trading
New York
| – | -$1 | -100 | Closed |
|
|
AIM
64
Acrospire Investment Management
Chicago,
Illinois
| – | -$1K | -72 | Closed |
|
SGU Hedge Fund Activity: Q2 2017 in Review
57 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Star Group (SGU) for Q2 2017, worth a combined $181M — up 19% from $153M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SGU and 5 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 17 added.
The largest buyer was Cat Rock Capital Management, adding an estimated $10.4M. The largest seller was Morgan Stanley, cutting an estimated $10.3M.
- 57 institutional investors held Star Group (SGU) as of Q2 2017, down from 61 in Q1 2017.
- Funds reported $181M of Star Group stock for Q2 2017, up 19% quarter-over-quarter.
- 5 funds opened new Star Group positions in Q2 2017 and 8 closed out, a net change of -3 holders.
- The largest Star Group buyer in Q2 2017 was Cat Rock Capital Management, an estimated $10.4M added.
- The largest Star Group seller in Q2 2017 was Morgan Stanley, an estimated $10.3M sold.
Based on aggregated 13F filings for Q2 2017.