Virgin Galactic
SPCE
103 hedge funds and large institutions have $461M invested in Virgin Galactic in 2019 Q4 according to their latest regulatory filings, with 68 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 28 closing their positions.
622% more call options, than puts
Call options by funds: $84.9M | Put options by funds: $11.7M
143% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 28
63% more funds holding
Funds holding: 63 → 103 (+40)
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
2.7% less ownership
Funds ownership: 3.72% → 1.02% (-2.7%)
16% less capital invested
Capital invested by funds: $548M → $461M (-$87.3M)
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$51.5M |
| 2 |
DP
DSAM Partners
London,
United Kingdom
|
+$24.6M |
| 3 |
Neuberger Berman Group
New York
|
+$19.3M |
| 4 |
BlackRock
New York
|
+$13.6M |
| 5 |
SC
Samlyn Capital
New York
|
+$9.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$52.4M |
| 2 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
-$43.9M |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$38.4M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$37.5M |
| 5 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$22.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AC
126
Aristeia Capital
Greenwich,
Connecticut
| – | -$130K | -610 | Closed |
|
127
Group One Trading
Chicago,
Illinois
| – | -$107K | -547 | Closed |
|
|
ME
128
McIlrath & Eck
Arlington,
Washington
| – | +$195 | +1 | New |
|
|
PCIA
129
Prime Capital Investment Advisors
Overland Park,
Kansas
| – | +$195 | +1 | New |
|
|
TI
130
tru Independence
Portland,
Oregon
| – | +$195 | +1 | New |
|
|
VNA
131
Valley National Advisers
Bethlehem,
Pennsylvania
| – | +$195 | +1 | New |
|
|
CCM
132
Cribstone Capital Management
Augusta,
Maine
| – | +$390 | +2 | New |
|
SPCE Hedge Fund Activity: Q4 2019 in Review
103 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Virgin Galactic (SPCE) for Q4 2019, worth a combined $461M — down 16% from $548M a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new SPCE positions and 28 closed out — a net gain of 40 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was Vanguard Group, opening a new position worth an estimated $51.5M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $52.4M sold.
- 103 institutional investors held Virgin Galactic (SPCE) as of Q4 2019, up from 63 in Q3 2019.
- Funds reported $461M of Virgin Galactic stock for Q4 2019, down 16% quarter-over-quarter.
- 68 funds opened new Virgin Galactic positions in Q4 2019 and 28 closed out, a net change of +40 holders.
- The largest Virgin Galactic buyer in Q4 2019 was Vanguard Group, an estimated $51.5M added.
- The largest Virgin Galactic seller in Q4 2019 was Polar Asset Management Partners, an estimated $52.4M sold.
Based on aggregated 13F filings for Q4 2019.