Selective Insurance
SIGI
331 hedge funds and large institutions have $5.55B invested in Selective Insurance in 2024 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 110 increasing their positions, 126 reducing their positions, and 40 closing their positions.
289% more call options, than puts
Call options by funds: $1.57M | Put options by funds: $404K
7% more capital invested
Capital invested by funds: $5.21B → $5.55B (+$340M)
1% less funds holding
Funds holding: 334 → 331 (-3)
3% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 40
2.57% less ownership
Funds ownership: 86.39% → 83.82% (-2.6%)
13% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 126
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$58.9M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
+$52.3M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$37.9M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$12.9M |
| 5 |
DIA
Dana Investment Advisors
Waukesha,
Wisconsin
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$206M |
| 2 |
Goldman Sachs
New York
|
-$26.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$14.7M |
| 4 |
BlackRock
New York
|
-$10.6M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
-$10.4M |
SIGI Hedge Fund Activity: Q1 2024 in Review
331 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Selective Insurance (SIGI) for Q1 2024, worth a combined $5.55B — up 6.5% from $5.21B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of SIGI and 39 opened new positions — a net loss of 1 holder — while 126 trimmed existing stakes and 110 added.
The largest buyer was First Trust Advisors, adding an estimated $58.9M. The largest seller was Morgan Stanley, cutting an estimated $206M.
- 331 institutional investors held Selective Insurance (SIGI) as of Q1 2024, down from 334 in Q4 2023.
- Funds reported $5.55B of Selective Insurance stock for Q1 2024, up 6.5% quarter-over-quarter.
- 39 funds opened new Selective Insurance positions in Q1 2024 and 40 closed out, a net change of -1 holder.
- The largest Selective Insurance buyer in Q1 2024 was First Trust Advisors, an estimated $58.9M added.
- The largest Selective Insurance seller in Q1 2024 was Morgan Stanley, an estimated $206M sold.
Based on aggregated 13F filings for Q1 2024.