E.W. Scripps
SSP
132 hedge funds and large institutions have $521M invested in E.W. Scripps in 2014 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 41 increasing their positions, 48 reducing their positions, and 17 closing their positions.
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
12% more call options, than puts
Call options by funds: $590K | Put options by funds: $528K
2% more funds holding
Funds holding: 129 → 132 (+3)
2.76% less ownership
Funds ownership: 77.35% → 74.6% (-2.8%)
15% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 48
20% less capital invested
Capital invested by funds: $652M → $521M (-$131M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
+$12.9M |
| 2 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
+$8.8M |
| 3 |
TVM
Tiger Veda Management
New York
|
+$7.8M |
| 4 |
SAM
Steinberg Asset Management
New York
|
+$5.06M |
| 5 |
Bank of New York Mellon
New York
|
+$5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TEC
Tiger Eye Capital
Nashville,
Tennessee
|
-$13M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$10.7M |
| 3 |
CCM
Cadence Capital Management
Boston,
Massachusetts
|
-$6.45M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$5.55M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.63M |
SSP Hedge Fund Activity: Q1 2014 in Review
132 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in E.W. Scripps (SSP) for Q1 2014, worth a combined $521M — down 20% from $652M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new SSP positions and 17 closed out — a net gain of 3 holders — while 41 added to existing stakes and 48 trimmed.
The largest buyer was Luther King Capital Management (LKCM), opening a new position worth an estimated $12.9M. The largest seller was Tiger Eye Capital, exiting entirely with an estimated $13M sold.
- 132 institutional investors held E.W. Scripps (SSP) as of Q1 2014, up from 129 in Q4 2013.
- Funds reported $521M of E.W. Scripps stock for Q1 2014, down 20% quarter-over-quarter.
- 20 funds opened new E.W. Scripps positions in Q1 2014 and 17 closed out, a net change of +3 holders.
- The largest E.W. Scripps buyer in Q1 2014 was Luther King Capital Management (LKCM), an estimated $12.9M added.
- The largest E.W. Scripps seller in Q1 2014 was Tiger Eye Capital, an estimated $13M sold.
Based on aggregated 13F filings for Q1 2014.