SLM Corp
393 hedge funds and large institutions have $10.7B invested in SLM Corp in 2013 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 156 increasing their positions, 148 reducing their positions, and 27 closing their positions.
107% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 27
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
10% more capital invested
Capital invested by funds: $9.67B → $10.7B (+$990M)
7% more funds holding
Funds holding: 366 → 393 (+27)
2.85% more ownership
Funds ownership: 232.73% → 235.58% (+2.8%)
5% more repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 148
65% less call options, than puts
Call options by funds: $39M | Put options by funds: $112M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$240M |
| 2 |
OH
Orbis Holdings
Hamilton,
Bermuda
|
+$107M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$81.9M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
+$79.3M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$62.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$234M |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$234M |
| 3 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
-$124M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$99.1M |
| 5 |
Goldman Sachs
New York
|
-$93.5M |
SLM Hedge Fund Activity: Q3 2013 in Review
393 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in SLM Corp (SLM) for Q3 2013, worth a combined $10.7B — up 10% from $9.67B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new SLM positions and 27 closed out — a net gain of 29 holders — while 156 added to existing stakes and 148 trimmed.
The largest buyer was AJO LP, opening a new position worth an estimated $240M. The largest seller was T. Rowe Price Associates, cutting an estimated $234M.
- 393 institutional investors held SLM Corp (SLM) as of Q3 2013, up from 366 in Q2 2013.
- Funds reported $10.7B of SLM Corp stock for Q3 2013, up 10% quarter-over-quarter.
- 56 funds opened new SLM Corp positions in Q3 2013 and 27 closed out, a net change of +29 holders.
- The largest SLM Corp buyer in Q3 2013 was AJO LP, an estimated $240M added.
- The largest SLM Corp seller in Q3 2013 was T. Rowe Price Associates, an estimated $234M sold.
Based on aggregated 13F filings for Q3 2013.