Virgin Galactic
SPCE
41 hedge funds and large institutions have $390M invested in Virgin Galactic in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 5 reducing their positions, and 6 closing their positions.
160% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 5
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
14% more capital invested
Capital invested by funds: $341M → $390M (+$48.4M)
11% more funds holding
Funds holding: 37 → 41 (+4)
0.34% more ownership
Funds ownership: 2.47% → 2.81% (+0.34%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIG
Fortress Investment Group
New York
|
+$20.7M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$11.5M |
| 3 |
Millennium Management
New York
|
+$7.85M |
| 4 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$5.53M |
| 5 |
RA
Royce & Associates
New York
|
+$5.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$14M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$2.02M |
| 3 |
GC
Gratia Capital
Los Angeles,
California
|
-$1.47M |
| 4 |
WSL
Western Standard LLC
Los Angeles,
California
|
-$1.22M |
| 5 |
CFIC
City Financial Investment Company
London,
United Kingdom
|
-$1M |
SPCE Hedge Fund Activity: Q2 2018 in Review
41 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Virgin Galactic (SPCE) for Q2 2018, worth a combined $390M — up 14% from $341M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SPCE positions and 6 closed out — a net gain of 4 holders — while 13 added to existing stakes and 5 trimmed.
The largest buyer was Fortress Investment Group, opening a new position worth an estimated $20.7M. The largest seller was Polar Asset Management Partners, cutting an estimated $14M.
- 41 institutional investors held Virgin Galactic (SPCE) as of Q2 2018, up from 37 in Q1 2018.
- Funds reported $390M of Virgin Galactic stock for Q2 2018, up 14% quarter-over-quarter.
- 10 funds opened new Virgin Galactic positions in Q2 2018 and 6 closed out, a net change of +4 holders.
- The largest Virgin Galactic buyer in Q2 2018 was Fortress Investment Group, an estimated $20.7M added.
- The largest Virgin Galactic seller in Q2 2018 was Polar Asset Management Partners, an estimated $14M sold.
Based on aggregated 13F filings for Q2 2018.