Shutterstock
SSTK
118 hedge funds and large institutions have $1.6B invested in Shutterstock in 2015 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 49 increasing their positions, 30 reducing their positions, and 21 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 30
9% more capital invested
Capital invested by funds: $1.47B → $1.6B (+$136M)
5.54% more ownership
Funds ownership: 60.06% → 65.59% (+5.5%)
2% more funds holding
Funds holding: 116 → 118 (+2)
10% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 21
15% less call options, than puts
Call options by funds: $4.45M | Put options by funds: $5.24M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
+$62.7M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$46.9M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$43.4M |
| 4 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$24.7M |
| 5 |
TCM
TimesSquare Capital Management
New York
|
+$16.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$53M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$40.7M |
| 3 |
Bank of New York Mellon
New York
|
-$19M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$16.1M |
| 5 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
-$15.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Two Sigma Investments
New York
| – | -$523K | -7,565 | Closed |
|
127
Two Sigma Advisers
New York
| – | -$498K | -7,200 | Closed |
|
|
HHC
128
Hutchin Hill Capital
New York
| – | -$256K | -3,700 | Closed |
|
|
MCG
129
Meru Capital Group
New York
| – | -$207K | -3,000 | Closed |
|
130
Prudential Financial
Newark,
New Jersey
| – | -$200K | -2,900 | Closed |
|
|
BJ
131
BlackRock Japan
Tokyo,
Japan
| – | -$147K | -2,129 | Closed |
|
|
QT
132
Quantbot Technologies
New York
| – | -$120K | -1,744 | Closed |
|
133
SG Americas Securities
New York
| – | -$111K | -1,606 | Closed |
|
|
FMT
134
First Mercantile Trust
Cordova,
Tennessee
| – | -$90K | -1,304 | Closed |
|
135
Schroder Investment Management Group
London,
United Kingdom
| – | -$55K | -800 | Closed |
|
|
BRWA
136
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$37 | -533 | Closed |
|
137
ClearBridge Investments
New York
| – | -$10K | -142 | Closed |
|
SSTK Hedge Fund Activity: Q1 2015 in Review
118 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q1 2015, worth a combined $1.6B — up 9.3% from $1.47B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new SSTK positions and 21 closed out — a net gain of 2 holders — while 49 added to existing stakes and 30 trimmed.
The largest buyer was Kayne Anderson Rudnick Investment Management, adding an estimated $62.7M. The largest seller was Next Century Growth Investors, exiting entirely with an estimated $53M sold.
- 118 institutional investors held Shutterstock (SSTK) as of Q1 2015, up from 116 in Q4 2014.
- Funds reported $1.6B of Shutterstock stock for Q1 2015, up 9.3% quarter-over-quarter.
- 23 funds opened new Shutterstock positions in Q1 2015 and 21 closed out, a net change of +2 holders.
- The largest Shutterstock buyer in Q1 2015 was Kayne Anderson Rudnick Investment Management, an estimated $62.7M added.
- The largest Shutterstock seller in Q1 2015 was Next Century Growth Investors, an estimated $53M sold.
Based on aggregated 13F filings for Q1 2015.