Spectrum Brands
292 hedge funds and large institutions have $3.81B invested in Spectrum Brands in 2017 Q1 according to their latest regulatory filings, with 56 funds opening new positions, 110 increasing their positions, 90 reducing their positions, and 25 closing their positions.
124% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 25
22% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 90
17% more capital invested
Capital invested by funds: $3.26B → $3.81B (+$553M)
8% more funds holding
Funds holding: 270 → 292 (+22)
2.02% more ownership
Funds ownership: 44.64% → 46.66% (+2%)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
75% less call options, than puts
Call options by funds: $2.12M | Put options by funds: $8.33M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$157M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$42.3M |
| 3 |
JP Morgan Chase
New York
|
+$37.2M |
| 4 |
Bank of New York Mellon
New York
|
+$29.4M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Rovida Advisors
Fort Lauderdale,
Florida
|
-$55.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$44.5M |
| 3 |
Millennium Management
New York
|
-$34.3M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$28.7M |
| 5 |
Morgan Stanley
New York
|
-$20.2M |
SPB Hedge Fund Activity: Q1 2017 in Review
292 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Spectrum Brands (SPB) for Q1 2017, worth a combined $3.81B — up 17% from $3.26B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new SPB positions and 25 closed out — a net gain of 31 holders — while 110 added to existing stakes and 90 trimmed.
The largest buyer was BlackRock, adding an estimated $157M. The largest seller was Rovida Advisors, exiting entirely with an estimated $55.2M sold.
- 292 institutional investors held Spectrum Brands (SPB) as of Q1 2017, up from 270 in Q4 2016.
- Funds reported $3.81B of Spectrum Brands stock for Q1 2017, up 17% quarter-over-quarter.
- 56 funds opened new Spectrum Brands positions in Q1 2017 and 25 closed out, a net change of +31 holders.
- The largest Spectrum Brands buyer in Q1 2017 was BlackRock, an estimated $157M added.
- The largest Spectrum Brands seller in Q1 2017 was Rovida Advisors, an estimated $55.2M sold.
Based on aggregated 13F filings for Q1 2017.