Shutterstock
SSTK
113 hedge funds and large institutions have $741M invested in Shutterstock in 2015 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 49 increasing their positions, 28 reducing their positions, and 30 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 28
7.35% less ownership
Funds ownership: 75.4% → 68.05% (-7.4%)
8% less funds holding
Funds holding: 123 → 113 (-10)
30% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 30
36% less call options, than puts
Call options by funds: $6.81M | Put options by funds: $10.7M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
53% less capital invested
Capital invested by funds: $1.58B → $741M (-$843M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$34.7M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$31.9M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$22M |
| 4 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$14.7M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$79.6M |
| 2 |
BAMCO Inc
New York
|
-$51.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$39.2M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$27.6M |
| 5 |
FAM
Fred Alger Management
New York
|
-$18.2M |
SSTK Hedge Fund Activity: Q3 2015 in Review
113 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q3 2015, worth a combined $741M — down 53% from $1.58B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of SSTK and 21 opened new positions — a net loss of 9 holders — while 28 trimmed existing stakes and 49 added.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $34.7M. The largest seller was Wellington Management Group, cutting an estimated $79.6M.
- 113 institutional investors held Shutterstock (SSTK) as of Q3 2015, down from 123 in Q2 2015.
- Funds reported $741M of Shutterstock stock for Q3 2015, down 53% quarter-over-quarter.
- 21 funds opened new Shutterstock positions in Q3 2015 and 30 closed out, a net change of -9 holders.
- The largest Shutterstock buyer in Q3 2015 was Kayne Anderson Rudnick Investment Management, an estimated $34.7M added.
- The largest Shutterstock seller in Q3 2015 was Wellington Management Group, an estimated $79.6M sold.
Based on aggregated 13F filings for Q3 2015.