SPX Corp
SPXC
182 hedge funds and large institutions have $537M invested in SPX Corp in 2016 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 59 increasing their positions, 67 reducing their positions, and 34 closing their positions.
57% more capital invested
Capital invested by funds: $342M → $537M (+$195M)
3% less funds holding
Funds holding: 188 → 182 (-6)
5.82% less ownership
Funds ownership: 89.85% → 84.04% (-5.8%)
12% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 67
18% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 34
26% less call options, than puts
Call options by funds: $18.3M | Put options by funds: $24.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AACR
ACR Alpine Capital Research
St. Louis,
Missouri
|
+$20.9M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$6.57M |
| 3 |
KIM
Kestrel Investment Management
San Mateo,
California
|
+$5.62M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$5.44M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$4.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$11.2M |
| 2 |
Millennium Management
New York
|
-$10.5M |
| 3 |
Morgan Stanley
New York
|
-$7.2M |
| 4 |
Goldman Sachs
New York
|
-$4.95M |
| 5 |
Lazard Asset Management
New York
|
-$4.41M |
SPXC Hedge Fund Activity: Q1 2016 in Review
182 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in SPX Corp (SPXC) for Q1 2016, worth a combined $537M — up 57% from $342M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of SPXC and 28 opened new positions — a net loss of 6 holders — while 67 trimmed existing stakes and 59 added.
The largest buyer was ACR Alpine Capital Research, adding an estimated $20.9M. The largest seller was BlackRock Institutional Trust, cutting an estimated $11.2M.
- 182 institutional investors held SPX Corp (SPXC) as of Q1 2016, down from 188 in Q4 2015.
- Funds reported $537M of SPX Corp stock for Q1 2016, up 57% quarter-over-quarter.
- 28 funds opened new SPX Corp positions in Q1 2016 and 34 closed out, a net change of -6 holders.
- The largest SPX Corp buyer in Q1 2016 was ACR Alpine Capital Research, an estimated $20.9M added.
- The largest SPX Corp seller in Q1 2016 was BlackRock Institutional Trust, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2016.