Shinhan Financial Group
SHG
75 hedge funds and large institutions have $470M invested in Shinhan Financial Group in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 25 reducing their positions, and 10 closing their positions.
17% more capital invested
Capital invested by funds: $402M → $470M (+$67.9M)
8% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 25
0.16% less ownership
Funds ownership: 2.61% → 2.45% (-0.16%)
1% less funds holding
Funds holding: 76 → 75 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FGP
Foyston, Gordon, & Payne
Toronto,
Ontario, Canada
|
+$2.32M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$1.71M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$1.7M |
| 4 |
AG
Aperio Group
Sausalito,
California
|
+$969K |
| 5 |
Lazard Asset Management
New York
|
+$928K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IG
ING Group
Amsterdam,
Netherlands
|
-$19.1M |
| 2 |
BNP Paribas Asset Management
Paris,
France
|
-$4.81M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$4.73M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$2.87M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
BNP Paribas Asset Management
Paris,
France
| – | -$4.81M | -147,734 | Closed |
|
77
Nordea Investment Management
Stockholm,
Sweden
| – | -$1.63M | -50,192 | Closed |
|
|
LAM
78
Lingohr Asset Management
Duesseldorf,
Germany
| – | -$1.1M | -33,900 | Closed |
|
|
PP
79
PDT Partners
New York
| – | -$362K | -11,139 | Closed |
|
80
Renaissance Technologies
New York
| – | -$270K | -8,300 | Closed |
|
81
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$256K | -7,863 | Closed |
|
|
FHA
82
First Horizon Advisors
Memphis,
Tennessee
| – | -$5K | -168 | Closed |
|
83
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$5K | -148 | Closed |
|
84
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$1K | -40 | Closed |
|
SHG Hedge Fund Activity: Q3 2013 in Review
75 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Shinhan Financial Group (SHG) for Q3 2013, worth a combined $470M — up 17% from $402M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SHG and 9 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 27 added.
The largest buyer was Foyston, Gordon, & Payne, opening a new position worth an estimated $2.32M. The largest seller was ING Group, cutting an estimated $19.1M.
- 75 institutional investors held Shinhan Financial Group (SHG) as of Q3 2013, down from 76 in Q2 2013.
- Funds reported $470M of Shinhan Financial Group stock for Q3 2013, up 17% quarter-over-quarter.
- 9 funds opened new Shinhan Financial Group positions in Q3 2013 and 10 closed out, a net change of -1 holder.
- The largest Shinhan Financial Group buyer in Q3 2013 was Foyston, Gordon, & Payne, an estimated $2.32M added.
- The largest Shinhan Financial Group seller in Q3 2013 was ING Group, an estimated $19.1M sold.
Based on aggregated 13F filings for Q3 2013.