Shutterstock
SSTK
139 hedge funds and large institutions have $716M invested in Shutterstock in 2019 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 58 increasing their positions, 34 reducing their positions, and 23 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 34
1.25% more ownership
Funds ownership: 59.07% → 60.32% (+1.2%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 148 → 139 (-9)
12% less capital invested
Capital invested by funds: $815M → $716M (-$98.8M)
39% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 23
47% less call options, than puts
Call options by funds: $9.39M | Put options by funds: $17.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.42M |
| 2 |
Two Sigma Investments
New York
|
+$5.94M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$4.55M |
| 4 |
Squarepoint
New York
|
+$4.26M |
| 5 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5.15M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$5.07M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.61M |
| 4 |
Goldman Sachs
New York
|
-$2.53M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIMCA
151
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
| – | -$294K | -7,500 | Closed |
|
152
Jane Street
New York
| – | -$260K | -6,639 | Closed |
|
|
AIM
153
Allen Investment Management
New York
| – | -$216K | -5,500 | Closed |
|
|
MIFH
154
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
| – | -$188K | -4,801 | Closed |
|
|
PHK
155
Point72 Hong Kong
Hong Kong
| – | -$91K | -2,331 | Closed |
|
|
AG
156
Aperio Group
Sausalito,
California
| – | -$87K | -2,210 | Closed |
|
157
Acadian Asset Management
Boston,
Massachusetts
| – | -$32K | -827 | Closed |
|
|
PCM
158
Prelude Capital Management
New York
| – | -$23K | -582 | Closed |
|
159
Russell Investments Group
London,
United Kingdom
| – | -$11K | -291 | Closed |
|
|
PFBT
160
Parkside Financial Bank & Trust
Saint Louis,
Missouri
| – | -$184 | -5 | -28% |
|
SSTK Hedge Fund Activity: Q3 2019 in Review
139 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q3 2019, worth a combined $716M — down 12% from $815M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of SSTK and 14 opened new positions — a net loss of 9 holders — while 34 trimmed existing stakes and 58 added.
The largest buyer was Morgan Stanley, adding an estimated $6.42M. The largest seller was Millennium Management, cutting an estimated $5.15M.
- 139 institutional investors held Shutterstock (SSTK) as of Q3 2019, down from 148 in Q2 2019.
- Funds reported $716M of Shutterstock stock for Q3 2019, down 12% quarter-over-quarter.
- 14 funds opened new Shutterstock positions in Q3 2019 and 23 closed out, a net change of -9 holders.
- The largest Shutterstock buyer in Q3 2019 was Morgan Stanley, an estimated $6.42M added.
- The largest Shutterstock seller in Q3 2019 was Millennium Management, an estimated $5.15M sold.
Based on aggregated 13F filings for Q3 2019.