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135 hedge funds and large institutions have $945M invested in Shutterstock in 2017 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 53 increasing their positions, 48 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 48

9% more capital invested

Capital invested by funds: $865M → $945M (+$79.7M)

1.35% more ownership

Funds ownership: 60.68% → 62.03% (+1.3%)

4% less call options, than puts

Call options by funds: $7.31M | Put options by funds: $7.65M

12% less funds holding

Funds holding: 154 → 135 (-19)

55% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 33

Holders
135
Holders Change
-19
Holders Change %
-12.34%
% of All Funds
3.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
53
Reduced
48
Closed
33
Calls
$7.31M
Puts
$7.65M
Net Calls
-$341K
Net Calls Change
-$1.12M

Top Buyers

Rank Fund Capital Flow
1
ACH
ArrowMark Colorado Holdings
Colorado
+$32.5M
2
ClearBridge Investments
ClearBridge Investments
New York
+$23.7M
3
Bank of New York Mellon
Bank of New York Mellon
New York
+$22.8M
4
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$20.3M
5
JSP
Jackson Square Partners
California
+$11.1M

Top Sellers

Rank Fund Capital Flow
1
Macquarie Group
Macquarie Group
Australia
-$16.6M
2
Norges Bank
Norges Bank
Norway
-$14.7M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$14.2M
4
Renaissance Technologies
Renaissance Technologies
New York
-$9.01M
5
Millennium Management
Millennium Management
New York
-$7.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
Connor, Clark & Lunn Investment Management (CC&L)
51
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.42M +$1.2M +27,025 +530%
Swiss National Bank
52
Swiss National Bank
Switzerland
$1.4M – – –
Two Sigma Advisers
53
Two Sigma Advisers
New York
$1.38M +$420K +9,500 +44%
CIA
54
Capital Impact Advisors
Massachusetts
$1.3M -$502K -11,340 -28%
AllianceBernstein
55
AllianceBernstein
Tennessee
$1.24M +$172K +3,900 +16%
Bank of Montreal
56
Bank of Montreal
Ontario, Canada
$1.17M -$572K -12,922 -33%
Canada Life
57
Canada Life
Manitoba, Canada
$1.17M – – –
California Public Employees Retirement System
58
California Public Employees Retirement System
California
$1.05M – – –
FAM
59
Fred Alger Management
New York
$1.02M +$1.02M +23,067 New
Renaissance Technologies
60
Renaissance Technologies
New York
$996K -$9.01M -203,700 -90%
Comerica Bank
61
Comerica Bank
Texas
$882K -$47.5K -1,073 -5%
Tudor Investment Corp
62
Tudor Investment Corp
Connecticut
$832K -$819K -18,514 -50%
Ohio Public Employees Retirement System (OPERS)
63
Ohio Public Employees Retirement System (OPERS)
Ohio
$832K – – –
PCM
64
Piermont Capital Management
Missouri
$823K -$143K -3,240 -15%
State of Tennessee, Department of Treasury
65
State of Tennessee, Department of Treasury
Tennessee
$801K – – –
Citigroup
66
Citigroup
New York
$731K -$12.3K -278 -2%
Wells Fargo
67
Wells Fargo
California
$704K -$20.3K -458 -3%
VKH
68
Virtu KCG Holdings
New York
$662K +$665K +15,027 New
Manulife (Manufacturers Life Insurance)
69
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$658K -$6.15K -139 -0.9%
PP
70
Paloma Partners
Connecticut
$655K -$1.72M -38,924 -72%
AIG
71
American International Group
New York
$615K +$101K +2,276 +19%
TPSF
72
Texas Permanent School Fund
Texas
$612K +$6.06K +137 +1%
State Board of Administration of Florida Retirement System
73
State Board of Administration of Florida Retirement System
Florida
$592K +$24.1K +544 +4%
MLICM
74
Metropolitan Life Insurance Company (MetLife)
New York
$590K – – –
RAM
75
Redmond Asset Management
Virginia
$557K +$2.43K +55 +0.4%
1 2
3
4 5

SSTK Hedge Fund Activity: Q2 2017 in Review

135 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q2 2017, worth a combined $945M — up 9.2% from $865M a quarter earlier.

Sellers outnumbered buyers: 33 funds closed out of SSTK and 15 opened new positions — a net loss of 18 holders — while 48 trimmed existing stakes and 53 added.

The largest buyer was ArrowMark Colorado Holdings, adding an estimated $32.5M. The largest seller was Macquarie Group, cutting an estimated $16.6M.

  • 135 institutional investors held Shutterstock (SSTK) as of Q2 2017, down from 154 in Q1 2017.
  • Funds reported $945M of Shutterstock stock for Q2 2017, up 9.2% quarter-over-quarter.
  • 15 funds opened new Shutterstock positions in Q2 2017 and 33 closed out, a net change of -18 holders.
  • The largest Shutterstock buyer in Q2 2017 was ArrowMark Colorado Holdings, an estimated $32.5M added.
  • The largest Shutterstock seller in Q2 2017 was Macquarie Group, an estimated $16.6M sold.

Based on aggregated 13F filings for Q2 2017.