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Shutterstock

171 hedge funds and large institutions have $971M invested in Shutterstock in 2016 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 81 increasing their positions, 39 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

108% more repeat investments, than reductions

Existing positions increased: 81 | Existing positions reduced: 39

75% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 20

8% more funds holding

Funds holding: 158171 (+13)

6% more call options, than puts

Call options by funds: $8.39M | Put options by funds: $7.92M

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0.02% less ownership

Funds ownership: 58.17%58.15% (-0.02%)

25% less capital invested

Capital invested by funds: $1.29B → $971M (-$319M)

Holders
171
Holders Change
+13
Holders Change %
+8.23%
% of All Funds
4.28%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
35
Increased
81
Reduced
39
Closed
20
Calls
$8.39M
Puts
$7.92M
Net Calls
+$472K
Net Calls Change
-$7.42M
Name Holding Trade Value Shares
Change
Change in
Stake
TCM
51
TCS Capital Management
New York
$2.33M +$2.62M +49,000 New
Bank of Montreal
52
Bank of Montreal
Ontario, Canada
$2.15M +$2.11M +39,606 +657%
RFC
53
Regions Financial Corp
Alabama
$2.14M -$28K -524 -1%
GC
54
Guggenheim Capital
Illinois
$2.11M +$2.08M +38,936 +706%
AQR Capital Management
55
AQR Capital Management
Connecticut
$2M +$155K +2,895 +7%
US Bancorp
56
US Bancorp
Minnesota
$1.94M -$283K -5,307 -12%
California State Teachers Retirement System (CalSTRS)
57
California State Teachers Retirement System (CalSTRS)
California
$1.86M -$58.7K -1,100 -3%
ROTUOC
58
Regents of the University of California
California
$1.71M -$960K -17,988 -33%
FG
59
Formula Growth
Quebec, Canada
$1.7M -$147K -2,750 -7%
BG
60
BlackRock Group
United Kingdom
$1.69M +$391K +7,335 +26%
First Trust Advisors
61
First Trust Advisors
Illinois
$1.63M +$1.83M +34,284 New
William Blair & Company
62
William Blair & Company
Illinois
$1.63M -$5.87K -110 -0.3%
PPA
63
Parametric Portfolio Associates
Washington
$1.62M +$957K +17,935 +110%
Legal & General Group
64
Legal & General Group
United Kingdom
$1.59M +$831K +15,566 +87%
Stifel Financial
65
Stifel Financial
Missouri
$1.53M +$106K +1,992 +7%
Citigroup
66
Citigroup
New York
$1.53M +$943K +17,664 +121%
TA
67
Teachers Advisors
New York
$1.52M +$27.4K +513 +2%
Swiss National Bank
68
Swiss National Bank
Switzerland
$1.51M +$80.1K +1,500 +5%
Ohio Public Employees Retirement System (OPERS)
69
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.42M +$464K +8,687 +50%
ICRM
70
Insight Capital Research & Management
California
$1.38M -$1.28M -23,990 -45%
RhumbLine Advisers
71
RhumbLine Advisers
Massachusetts
$1.3M +$161K +3,014 +12%
OSAM
72
O'Shaughnessy Asset Management
Connecticut
$1.25M +$247K +4,631 +21%
D.E. Shaw & Co
73
D.E. Shaw & Co
New York
$1.24M -$3.37M -63,079 -71%
HLA
74
Hamilton Lane Advisors
Pennsylvania
$1.23M -$534K -10,000 -28%
CS
75
Credit Suisse
Switzerland
$1.21M +$501K +9,389 +58%

SSTK Hedge Fund Activity: Q4 2016 in Review

171 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q4 2016, worth a combined $971M — down 25% from $1.29B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new SSTK positions and 20 closed out — a net gain of 15 holders — while 81 added to existing stakes and 39 trimmed.

The largest buyer was Van Berkom & Associates, adding an estimated $18.9M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $52M sold.

  • 171 institutional investors held Shutterstock (SSTK) as of Q4 2016, up from 158 in Q3 2016.
  • Funds reported $971M of Shutterstock stock for Q4 2016, down 25% quarter-over-quarter.
  • 35 funds opened new Shutterstock positions in Q4 2016 and 20 closed out, a net change of +15 holders.
  • The largest Shutterstock buyer in Q4 2016 was Van Berkom & Associates, an estimated $18.9M added.
  • The largest Shutterstock seller in Q4 2016 was Lord, Abbett & Co, an estimated $52M sold.

Based on aggregated 13F filings for Q4 2016.