Shutterstock
SSTK
154 hedge funds and large institutions have $865M invested in Shutterstock in 2017 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 59 increasing their positions, 54 reducing their positions, and 32 closing their positions.
2.53% more ownership
Funds ownership: 58.15% → 60.68% (+2.5%)
9% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 54
9% more call options, than puts
Call options by funds: $9.29M | Put options by funds: $8.52M
10% less funds holding
Funds holding: 171 → 154 (-17)
11% less capital invested
Capital invested by funds: $971M → $865M (-$106M)
34% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 32
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$118M |
| 2 |
BlackRock
New York
|
+$109M |
| 3 |
JSP
Jackson Square Partners
Larkspur,
California
|
+$54.2M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$46.3M |
| 5 |
Jennison Associates
New York
|
+$22.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kayne Anderson Rudnick Investment Management
Los Angeles,
California
|
-$172M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$36.1M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$28.6M |
| 4 |
CRCP
Copper Rock Capital Partners
Boston,
Massachusetts
|
-$20.4M |
| 5 |
Morgan Stanley
New York
|
-$7.85M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
176
D.A. Davidson & Co
Great Falls,
Montana
| – | -$193K | -4,078 | Closed |
|
|
CCMH
177
Cornerstone Capital Management Holdings
New York
| – | -$170K | -3,600 | Closed |
|
|
CSS
178
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$167K | -3,508 | Closed |
|
|
MAM
179
Meeder Asset Management
Dublin,
Ohio
| – | -$151K | -3,170 | Closed |
|
|
PHK
180
Point72 Hong Kong
Hong Kong
| – | -$127K | -2,671 | Closed |
|
181
Creative Planning
Overland Park,
Kansas
| – | -$113K | -2,385 | Closed |
|
|
AIM
182
Acrospire Investment Management
Chicago,
Illinois
| – | -$76K | -1,600 | Closed |
|
|
BIG
183
Bellwether Investment Group
Chattanooga,
Tennessee
| – | -$10K | -210 | Closed |
|
184
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$10K | -200 | Closed |
|
|
GWS
185
Glassman Wealth Services
Vienna,
Virginia
| – | -$4K | -75 | Closed |
|
|
VCM
186
Versant Capital Management
Phoenix,
Arizona
| – | -$2.76K | -58 | -92% |
|
SSTK Hedge Fund Activity: Q1 2017 in Review
154 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Shutterstock (SSTK) for Q1 2017, worth a combined $865M — down 11% from $971M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of SSTK and 21 opened new positions — a net loss of 11 holders — while 54 trimmed existing stakes and 59 added.
The largest buyer was Fidelity Investments, opening a new position worth an estimated $118M. The largest seller was Kayne Anderson Rudnick Investment Management, cutting an estimated $172M.
- 154 institutional investors held Shutterstock (SSTK) as of Q1 2017, down from 171 in Q4 2016.
- Funds reported $865M of Shutterstock stock for Q1 2017, down 11% quarter-over-quarter.
- 21 funds opened new Shutterstock positions in Q1 2017 and 32 closed out, a net change of -11 holders.
- The largest Shutterstock buyer in Q1 2017 was Fidelity Investments, an estimated $118M added.
- The largest Shutterstock seller in Q1 2017 was Kayne Anderson Rudnick Investment Management, an estimated $172M sold.
Based on aggregated 13F filings for Q1 2017.