Shutterstock
SSTK
129 hedge funds and large institutions have $691M invested in Shutterstock in 2017 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 49 increasing their positions, 47 reducing their positions, and 19 closing their positions.
21% more call options, than puts
Call options by funds: $10M | Put options by funds: $8.29M
4% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 47
2.05% less ownership
Funds ownership: 62.03% → 59.97% (-2.1%)
4% less funds holding
Funds holding: 135 → 129 (-6)
21% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 19
27% less capital invested
Capital invested by funds: $945M → $691M (-$254M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$25.5M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$13.1M |
| 3 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$11.3M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$10.3M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$5.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$29.4M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$20.2M |
| 3 |
Jennison Associates
New York
|
-$16.6M |
| 4 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$10.3M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$6.06M |
SSTK Hedge Fund Activity: Q3 2017 in Review
129 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q3 2017, worth a combined $691M — down 27% from $945M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SSTK and 15 opened new positions — a net loss of 4 holders — while 47 trimmed existing stakes and 49 added.
The largest buyer was Morgan Stanley, adding an estimated $25.5M. The largest seller was Fidelity Investments, cutting an estimated $29.4M.
- 129 institutional investors held Shutterstock (SSTK) as of Q3 2017, down from 135 in Q2 2017.
- Funds reported $691M of Shutterstock stock for Q3 2017, down 27% quarter-over-quarter.
- 15 funds opened new Shutterstock positions in Q3 2017 and 19 closed out, a net change of -4 holders.
- The largest Shutterstock buyer in Q3 2017 was Morgan Stanley, an estimated $25.5M added.
- The largest Shutterstock seller in Q3 2017 was Fidelity Investments, an estimated $29.4M sold.
Based on aggregated 13F filings for Q3 2017.