Virgin Galactic
SPCE
54 hedge funds and large institutions have $486M invested in Virgin Galactic in 2019 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 7 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
16% more capital invested
Capital invested by funds: $420M → $486M (+$65.9M)
6% more funds holding
Funds holding: 51 → 54 (+3)
0.39% more ownership
Funds ownership: 2.98% → 3.37% (+0.39%)
11% less funds holding in top 10
Funds holding in top 10: 9 → 8 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$19.5M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$17M |
| 3 |
JGC
J. Goldman & Co
New York
|
+$12.6M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$11.8M |
| 5 |
FBCM
Fort Baker Capital Management
Larkspur,
California
|
+$8.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$30.3M |
| 2 |
MSU
Mizuho Securities USA
New York
|
-$9.93M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$4.49M |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$2.07M |
| 5 |
AGC
Angelo Gordon & Co
New York
|
-$2.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
UBS Group
Zurich,
Switzerland
| $34K | -$29.2K | -142 | -46% |
|
52
Morgan Stanley
New York
| $20K | +$18.9K | +92 | +4,600% |
|
53
Royal Bank of Canada
Toronto,
Ontario, Canada
| $8K | +$7.42K | +36 | New |
|
|
LTFS
54
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | – | – | – |
|
|
OAM
55
Oxford Asset Management
Oxford,
United Kingdom
| – | -$30.3M | -148,706 | Closed |
|
|
MSU
56
Mizuho Securities USA
New York
| – | -$9.93M | -48,699 | Closed |
|
57
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$306K | -1,500 | Closed |
|
|
KIM
58
Karpus Investment Management
Pittsford,
New York
| – | -$255K | -1,250 | Closed |
|
59
Marshall Wace
London,
United Kingdom
| – | -$25K | -124 | Closed |
|
|
VFA
60
Valeo Financial Advisors
Carmel,
Indiana
| – | -$1K | -5 | Closed |
|
|
PFBT
61
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$1K | -4 | Closed |
|
SPCE Hedge Fund Activity: Q2 2019 in Review
54 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Virgin Galactic (SPCE) for Q2 2019, worth a combined $486M — up 16% from $420M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SPCE positions and 7 closed out — a net gain of 3 holders — while 16 added to existing stakes and 11 trimmed.
The largest buyer was Polar Asset Management Partners, adding an estimated $19.5M. The largest seller was Oxford Asset Management, exiting entirely with an estimated $30.3M sold.
- 54 institutional investors held Virgin Galactic (SPCE) as of Q2 2019, up from 51 in Q1 2019.
- Funds reported $486M of Virgin Galactic stock for Q2 2019, up 16% quarter-over-quarter.
- 10 funds opened new Virgin Galactic positions in Q2 2019 and 7 closed out, a net change of +3 holders.
- The largest Virgin Galactic buyer in Q2 2019 was Polar Asset Management Partners, an estimated $19.5M added.
- The largest Virgin Galactic seller in Q2 2019 was Oxford Asset Management, an estimated $30.3M sold.
Based on aggregated 13F filings for Q2 2019.