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Shutterstock

116 hedge funds and large institutions have $1.79B invested in Shutterstock in 2014 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 57 increasing their positions, 32 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

78% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 32

31% more capital invested

Capital invested by funds: $1.37B → $1.79B (+$424M)

7.64% more ownership

Funds ownership: 53.74%61.38% (+7.6%)

3% less funds holding

Funds holding: 120116 (-4)

15% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 26

30% less call options, than puts

Call options by funds: $2.44M | Put options by funds: $3.48M

Holders
116
Holders Change
-4
Holders Change %
-3.33%
% of All Funds
3.33%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
22
Increased
57
Reduced
32
Closed
26
Calls
$2.44M
Puts
$3.48M
Net Calls
-$1.05M
Net Calls Change
+$762K
Name Holding Trade Value Shares
Change
Change in
Stake
Canada Life
101
Canada Life
Manitoba, Canada
$116K +$102K +1,400 New
VFA
102
Virtus Fund Advisers
Connecticut
$108K +$94.2K +1,298 New
BG
103
BlackRock Group
United Kingdom
$74K -$211K -2,902 -76%
Bank of America
104
Bank of America
North Carolina
$58K -$158K -2,180 -76%
MAA
105
Managed Account Advisors
New Jersey
$41K +$26.3K +362 +262%
SEC
106
Seven Eight Capital
New York
$41K +$36.3K +500 New
Teacher Retirement System of Texas
107
Teacher Retirement System of Texas
Texas
$39K
BlackRock
108
BlackRock
New York
$37K +$18.9K +260 +136%
SFU
109
Stonehage Fleming (UK)
United Kingdom
$31K -$10.6K -146 -28%
TDC
110
Thompson Davis & Co
Virginia
$21K
Bank of Montreal
111
Bank of Montreal
Ontario, Canada
$16K +$13.8K +190 New
ClearBridge Investments
112
ClearBridge Investments
New York
$13K +$11K +152 New
Royal Bank of Canada
113
Royal Bank of Canada
Ontario, Canada
$10K -$158K -2,179 -95%
GSC
114
Ground Swell Capital
South Carolina
$3K +$2.54K +35 New
MFS
115
MSI Financial Services
Massachusetts
$1K
BNP Paribas Financial Markets
116
BNP Paribas Financial Markets
France
$83 +$73 +1 New
Renaissance Technologies
117
Renaissance Technologies
New York
-$8.65M -119,165 Closed
Millennium Management
118
Millennium Management
New York
-$4.36M -60,085 Closed
ECM
119
Empire Capital Management
Connecticut
-$3.19M -44,000 Closed
GIPM
120
G2 Investment Partners Management
New York
-$3.03M -41,711 Closed
ARTA
121
A.R.T. Advisors
New York
-$2.34M -32,286 Closed
Connor, Clark & Lunn Investment Management (CC&L)
122
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
-$1.65M -20,600 Closed
HI
123
HBK Investments
Texas
-$1.48M -20,400 Closed
Neuberger Berman Group
124
Neuberger Berman Group
New York
-$1.17M -16,150 Closed
CIA
125
Capital Impact Advisors
Massachusetts
-$1.1M -15,148 Closed

SSTK Hedge Fund Activity: Q2 2014 in Review

116 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q2 2014, worth a combined $1.79B — up 31% from $1.37B a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of SSTK and 22 opened new positions — a net loss of 4 holders — while 32 trimmed existing stakes and 57 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $121M. The largest seller was Fidelity Investments, cutting an estimated $57.4M.

  • 116 institutional investors held Shutterstock (SSTK) as of Q2 2014, down from 120 in Q1 2014.
  • Funds reported $1.79B of Shutterstock stock for Q2 2014, up 31% quarter-over-quarter.
  • 22 funds opened new Shutterstock positions in Q2 2014 and 26 closed out, a net change of -4 holders.
  • The largest Shutterstock buyer in Q2 2014 was T. Rowe Price Associates, an estimated $121M added.
  • The largest Shutterstock seller in Q2 2014 was Fidelity Investments, an estimated $57.4M sold.

Based on aggregated 13F filings for Q2 2014.