Shutterstock
SSTK
254 hedge funds and large institutions have $1.45B invested in Shutterstock in 2023 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 116 increasing their positions, 65 reducing their positions, and 50 closing their positions.
78% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 65
11.19% more ownership
Funds ownership: 72.4% → 83.59% (+11%)
1% less funds holding
Funds holding: 256 → 254 (-2)
2% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 50
23% less capital invested
Capital invested by funds: $1.89B → $1.45B (-$443M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
78% less call options, than puts
Call options by funds: $5.46M | Put options by funds: $24.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$55.6M |
| 2 |
Man Group
London,
United Kingdom
|
+$30.7M |
| 3 |
Two Sigma Investments
New York
|
+$22.5M |
| 4 |
TI
Trigran Investments
Northbrook,
Illinois
|
+$22.1M |
| 5 |
Renaissance Technologies
New York
|
+$18.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$41.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$41.3M |
| 3 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
-$33.6M |
| 4 |
D.E. Shaw & Co
New York
|
-$16.5M |
| 5 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$15.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FSWA
301
Financial Synergies Wealth Advisors
Houston,
Texas
| – | -$1.38K | -19 | Closed |
|
|
SC
302
Schubert & Co
Mckinney,
Texas
| – | -$1.24K | -17 | Closed |
|
303
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$363 | -5 | Closed |
|
SSTK Hedge Fund Activity: Q2 2023 in Review
254 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q2 2023, worth a combined $1.45B — down 23% from $1.89B a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of SSTK and 49 opened new positions — a net loss of 1 holder — while 65 trimmed existing stakes and 116 added.
The largest buyer was Millennium Management, adding an estimated $55.6M. The largest seller was Macquarie Group, cutting an estimated $41.8M.
- 254 institutional investors held Shutterstock (SSTK) as of Q2 2023, down from 256 in Q1 2023.
- Funds reported $1.45B of Shutterstock stock for Q2 2023, down 23% quarter-over-quarter.
- 49 funds opened new Shutterstock positions in Q2 2023 and 50 closed out, a net change of -1 holder.
- The largest Shutterstock buyer in Q2 2023 was Millennium Management, an estimated $55.6M added.
- The largest Shutterstock seller in Q2 2023 was Macquarie Group, an estimated $41.8M sold.
Based on aggregated 13F filings for Q2 2023.