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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
54
Holders Change
+3
Holders Change %
+5.88%
% of All Funds
1.17%
Holding in Top 10
8
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-11.11%
% of All Funds
0.17%
New
10
Increased
16
Reduced
11
Closed
7
Calls
$7.8M
Puts
–
Net Calls
+$7.8M
Net Calls Change
+$434K

Top Buyers

1
PAMP
Polar Asset Management Partners
Ontario, Canada
+$19.5M
2
PWAM
Park West Asset Management
California
+$17M
3
JGC
J. Goldman & Co
New York
+$12.6M
4
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$11.8M
5
FBCM
Fort Baker Capital Management
California
+$8.73M

Top Sellers

1
OAM
Oxford Asset Management
United Kingdom
-$30.3M
2
MSU
Mizuho Securities USA
New York
-$9.93M
3
BCM
Basso Capital Management
Connecticut
-$4.49M
4
Verition Fund Management
Verition Fund Management
Connecticut
-$2.07M
5
AGC
Angelo Gordon & Co
New York
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACPU
1
Arrowgrass Capital Partners (US)
Delaware
$47M – – –
JGC
2
J. Goldman & Co
New York
$36.7M +$12.6M +60,995 +53%
SC
3
Sculptor Capital
New York
$36.5M – – –
GL
4
Governors Lane
New York
$31.3M – – –
PAMP
5
Polar Asset Management Partners
Ontario, Canada
$30.9M +$19.5M +94,815 +178%
AGC
6
Angelo Gordon & Co
New York
$25M -$2.06M -10,000 -8%
PWAM
7
Park West Asset Management
California
$22.5M +$17M +82,613 +330%
WRBC
8
W.R. Berkley Corp
Connecticut
$21.4M – – –
Deutsche Bank
9
Deutsche Bank
Germany
$19.4M +$131K +638 +0.7%
FIG
10
Fortress Investment Group
New York
$19.1M – – –
FTCM
11
Fir Tree Capital Management
New York
$15.7M – – –
HCM
12
Highbridge Capital Management
New York
$15.6M – – –
GCL
13
Glazer Capital LLC
New York
$14.8M +$8.07M +39,157 +124%
RA
14
Royce & Associates
New York
$13.1M – – –
KPF
15
K2 Principal Fund
Ontario, Canada
$12.7M +$5.89M +28,584 +89%
Hudson Bay Capital Management
16
Hudson Bay Capital Management
Connecticut
$12M +$11.8M +57,368 New
CI
17
Cowen Inc
New York
$11.5M +$1.03M +4,979 +10%
PC
18
Periscope Capital
Ontario, Canada
$10.2M +$2.57M +12,490 +34%
WAM
19
Wolverine Asset Management
Illinois
$9.34M +$5.83M +28,287 +172%
FBCM
20
Fort Baker Capital Management
California
$8.85M +$8.73M +42,403 New
PCR
21
Potrero Capital Research
California
$8.52M – – –
Millennium Management
22
Millennium Management
New York
$8.39M -$42.4K -206 -0.5%
BCM
23
Basso Capital Management
Connecticut
$7.32M -$4.49M -21,791 -38%
TCM
24
Tenor Capital Management
New York
$7.09M +$7M +33,995 New
WAM
25
Weiss Asset Management
Massachusetts
$5.22M +$1.81M +8,800 +54%
1
2 3

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.