Virgin Galactic
SPCE
152 hedge funds and large institutions have $289M invested in Virgin Galactic in 2020 Q1 according to their latest regulatory filings, with 92 funds opening new positions, 34 increasing their positions, 19 reducing their positions, and 41 closing their positions.
151% more call options, than puts
Call options by funds: $340M | Put options by funds: $135M
124% more first-time investments, than exits
New positions opened: 92 | Existing positions closed: 41
79% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 19
48% more funds holding
Funds holding: 103 → 152 (+49)
0.5% less ownership
Funds ownership: 1.02% → 0.52% (-0.5%)
37% less capital invested
Capital invested by funds: $461M → $289M (-$172M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$19.6M |
| 2 |
Renaissance Technologies
New York
|
+$18.3M |
| 3 |
EIM
Elephas Investment Management
Hong Kong
|
+$15.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$7M |
| 5 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$6.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Suvretta Capital Management
New York
|
-$80.2M |
| 2 |
SC
Samlyn Capital
New York
|
-$48.4M |
| 3 |
Neuberger Berman Group
New York
|
-$38M |
| 4 |
DP
DSAM Partners
London,
United Kingdom
|
-$29.1M |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$28.5M |
SPCE Hedge Fund Activity: Q1 2020 in Review
152 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Virgin Galactic (SPCE) for Q1 2020, worth a combined $289M — down 37% from $461M a quarter earlier.
Buyers outnumbered sellers: 92 funds opened new SPCE positions and 41 closed out — a net gain of 51 holders — while 34 added to existing stakes and 19 trimmed.
The largest buyer was Parallax Volatility Advisers, adding an estimated $19.6M. The largest seller was Suvretta Capital Management, cutting an estimated $80.2M.
- 152 institutional investors held Virgin Galactic (SPCE) as of Q1 2020, up from 103 in Q4 2019.
- Funds reported $289M of Virgin Galactic stock for Q1 2020, down 37% quarter-over-quarter.
- 92 funds opened new Virgin Galactic positions in Q1 2020 and 41 closed out, a net change of +51 holders.
- The largest Virgin Galactic buyer in Q1 2020 was Parallax Volatility Advisers, an estimated $19.6M added.
- The largest Virgin Galactic seller in Q1 2020 was Suvretta Capital Management, an estimated $80.2M sold.
Based on aggregated 13F filings for Q1 2020.