Spectrum Brands
205 hedge funds and large institutions have $2.99B invested in Spectrum Brands in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 80 increasing their positions, 71 reducing their positions, and 54 closing their positions.
86% more call options, than puts
Call options by funds: $18.7M | Put options by funds: $10M
29% more capital invested
Capital invested by funds: $2.31B → $2.99B (+$680M)
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
13% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 71
8.74% more ownership
Funds ownership: 102.1% → 110.84% (+8.7%)
12% less funds holding
Funds holding: 234 → 205 (-29)
48% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$52.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$36M |
| 3 |
Pzena Investment Management
New York
|
+$32.6M |
| 4 |
Bank of New York Mellon
New York
|
+$27.8M |
| 5 |
CC
Clearline Capital
New York
|
+$21.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$54.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$39.7M |
| 3 |
FIG
Fortress Investment Group
New York
|
-$24.5M |
| 4 |
O
OppenheimerFunds
New York
|
-$22.8M |
| 5 |
Goldman Sachs
New York
|
-$18.9M |
SPB Hedge Fund Activity: Q1 2019 in Review
205 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Spectrum Brands (SPB) for Q1 2019, worth a combined $2.99B — up 29% from $2.31B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of SPB and 28 opened new positions — a net loss of 26 holders — while 71 trimmed existing stakes and 80 added.
The largest buyer was Fidelity Investments, adding an estimated $52.7M. The largest seller was Wedge Capital Management, cutting an estimated $54.3M.
- 205 institutional investors held Spectrum Brands (SPB) as of Q1 2019, down from 234 in Q4 2018.
- Funds reported $2.99B of Spectrum Brands stock for Q1 2019, up 29% quarter-over-quarter.
- 28 funds opened new Spectrum Brands positions in Q1 2019 and 54 closed out, a net change of -26 holders.
- The largest Spectrum Brands buyer in Q1 2019 was Fidelity Investments, an estimated $52.7M added.
- The largest Spectrum Brands seller in Q1 2019 was Wedge Capital Management, an estimated $54.3M sold.
Based on aggregated 13F filings for Q1 2019.