ShoreTel, Inc.
SHOR
SHOR was delisted on the 22nd of September, 2017.
135 hedge funds and large institutions have $444M invested in ShoreTel, Inc. in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 50 increasing their positions, 60 reducing their positions, and 25 closing their positions.
11% less funds holding
Funds holding: 151 → 135 (-16)
17% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 60
17% less capital invested
Capital invested by funds: $534M → $444M (-$90M)
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
60% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$11.9M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$7.17M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$3.98M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.64M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5.21M |
| 2 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
-$4.31M |
| 3 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$2.72M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$2.26M |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$2.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QI
151
QS Investors
New York
| – | -$121K | -13,700 | Closed |
|
152
BNP Paribas Financial Markets
Paris,
France
| – | -$112K | -12,660 | Closed |
|
|
BFM
153
Boothbay Fund Management
New York
| – | -$93K | -10,456 | Closed |
|
|
FPC
154
Falcon Point Capital
San Francisco,
California
| – | -$91K | -10,322 | Closed |
|
|
HIM
155
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$61K | -6,900 | Closed |
|
|
QT
156
Quantbot Technologies
New York
| – | -$45K | -5,096 | Closed |
|
157
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$18K | -2,167 | Closed |
|
|
PG
158
PEAK6 Group
Chicago,
Illinois
| – | -$7K | -739 | Closed |
|
159
Bessemer Group
Woodbridge,
New Jersey
| – | -$5K | -570 | Closed |
|
SHOR Hedge Fund Activity: Q1 2016 in Review
135 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in ShoreTel, Inc. (SHOR) for Q1 2016, worth a combined $444M — down 17% from $534M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of SHOR and 10 opened new positions — a net loss of 15 holders — while 60 trimmed existing stakes and 50 added.
The largest buyer was Credit Suisse, adding an estimated $11.9M. The largest seller was Millennium Management, cutting an estimated $5.21M.
- 135 institutional investors held ShoreTel, Inc. (SHOR) as of Q1 2016, down from 151 in Q4 2015.
- Funds reported $444M of ShoreTel, Inc. stock for Q1 2016, down 17% quarter-over-quarter.
- 10 funds opened new ShoreTel, Inc. positions in Q1 2016 and 25 closed out, a net change of -15 holders.
- The largest ShoreTel, Inc. buyer in Q1 2016 was Credit Suisse, an estimated $11.9M added.
- The largest ShoreTel, Inc. seller in Q1 2016 was Millennium Management, an estimated $5.21M sold.
Based on aggregated 13F filings for Q1 2016.