Spectrum Brands
208 hedge funds and large institutions have $2.32B invested in Spectrum Brands in 2018 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 64 increasing their positions, 81 reducing their positions, and 89 closing their positions.
828% more call options, than puts
Call options by funds: $102M | Put options by funds: $11M
9.29% more ownership
Funds ownership: 45.09% → 54.38% (+9.3%)
14% less capital invested
Capital invested by funds: $2.71B → $2.32B (-$388M)
17% less funds holding
Funds holding: 251 → 208 (-43)
21% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 81
36% less funds holding in top 10
Funds holding in top 10: 11 → 7 (-4)
48% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 89
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$319M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$114M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$111M |
| 4 |
MWNA
Marshall Wace North America
New York
|
+$53.3M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$45.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
-$101M |
| 2 |
TCP
Tourbillon Capital Partners
New York
|
-$74.5M |
| 3 |
BC
Brahman Capital
New York
|
-$69.1M |
| 4 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$62.6M |
| 5 |
ECAU
Everett Capital Advisors (UK)
London,
United Kingdom
|
-$42.3M |
SPB Hedge Fund Activity: Q2 2018 in Review
208 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Spectrum Brands (SPB) for Q2 2018, worth a combined $2.32B — down 14% from $2.71B a quarter earlier.
Sellers outnumbered buyers: 89 funds closed out of SPB and 46 opened new positions — a net loss of 43 holders — while 81 trimmed existing stakes and 64 added.
The largest buyer was Fidelity Investments, adding an estimated $319M. The largest seller was Bessemer Group, cutting an estimated $101M.
- 208 institutional investors held Spectrum Brands (SPB) as of Q2 2018, down from 251 in Q1 2018.
- Funds reported $2.32B of Spectrum Brands stock for Q2 2018, down 14% quarter-over-quarter.
- 46 funds opened new Spectrum Brands positions in Q2 2018 and 89 closed out, a net change of -43 holders.
- The largest Spectrum Brands buyer in Q2 2018 was Fidelity Investments, an estimated $319M added.
- The largest Spectrum Brands seller in Q2 2018 was Bessemer Group, an estimated $101M sold.
Based on aggregated 13F filings for Q2 2018.